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Climategate: Proving Adam Smith Right, Once Again

Nov23
 

A deliciously juicy scandal is breaking out in the cult-like world of the Climate Change movement. Email evidence is pointing to a coordinated evidence to suppress facts that the global warming crowd does not like.

What a shock! And a timely reminder of the timeless wisdom of Adam Smith. His landmark writings were a rebellion against the prevailing mercantilist spirit of his age, where state-sanctioned monopolies and oligopolies jacked up prices for consumers and restricted economic growth while concentrating wealth in the hands of the politically connected.

a-Smith_medallion_portrait

The same phenomenon is startlingly evident when one contemplates the climate change movement. Politically connected advocates of emission control wish to use the government to favor companies and technologies where they have a a vested interest, and react violently against evidence that is contrary to climate change ideology.

“Plus ca change, plus c’est la meme chose” …The more things change, the more they stay the same. Although it is arguable that the mercantilists of the Old Regime never came up with a spokesman as hypocritical and obnoxious as Al Gore.

gorered

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Author : Bob Chiore

Author's Website | Articles From This Author

As the business editor of 73 Wire, I am intrigued by the impact of government policy on business and markets. I am a career finance professional with 30 plus years in corporate treasury management.

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