The Great Carbon Credit Deception

New Dawn Magazine: In an era of economic growth, the dynamics of competition, innovation, and entrepreneurial investment were important elements of the game. In a non-growth era, the game will be based on entirely different dynamics. The mechanisms of production will become relatively static. Instead of corporations competing to innovate, we’ll have production bureaucracies. They’ll be semi-state, semi-private cartels, concerned about budgets and quotas rather than growth, somewhat along the lines of the Soviet model.

We can already see steps being taken to shift the corporate model towards the bureaucratic model, through increased government intervention in economic affairs. In the US for example, with the Wall Street bailouts, the forced restructuring of General Motors, the call for centralised regulation of banking and industry, and the mandating of health insurance coverage, the government is saying that the market is to be superseded by government directives. Not that we should bemoan the demise of exploitive capitalism, but before celebrating we need to understand what it is being replaced with...read more>>>...