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free trade & free markets ideological culture

The Woke Mob’s Capitalism

A prominent rating system has gone “woke.”

“Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500,” Elon Musk tweeted a few weeks ago, “while Tesla” — the billionaire’s high-​end electric car company — “didn’t make the list! ESG is a scam. It has been weaponized by phony social justice warriors.”

We could quibble. Is “phony” the right word? “Social justice” has always been slippery. It’s a “mirage,” explained Hayek, really just a stalking horse for power.

What Musk is objecting to, though, is worth thinking about. The ESG standard is supposed to mean something … based on objective criteria. The reasons to eject Tesla from its Top Ten and place Exxon at the pinnacle are laughably transparent. It’s a woke power grab. The leftist ideology has taken over another capitalist institution, the better to create …

What?

Socialism? Fascism?

Michael Rectenwald, in a fascinating essay, calls it “woke corporatism.” 

The plan is, he writes, to “establish a woke monopolistic cartel.” Musk’s company has been “subjected to the S in ESG — the ‘social’ or ‘social justice’ quotient.”

Musk, Rectenwald argues, “has been deemed a deplorable, and thus his company does not pass ‘social justice’ muster.” In other words, the putatively pro-​inclusion folks are excluding him from the ranks of the favored.

And all because he wants free speech on a social media platform!

Laissez-​faire grew out of economists’ objections to the grinding inefficiency and over-​politicization of business. Adam Smith, back in 1776, called the pre-​liberal, insider-​based trade system “mercantilism.”

The leftist mob now pushes a neo-neo-​mercantalism, mobocracy capitalism.

This is Common Sense. I’m Paul Jacob.


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ideological culture national politics & policies

The Day and the Hour

Time is almost up!

“Three years ago, scientists gave us a pretty stark warning: They said we have 12 years to avoid the worst consequences of climate change,” John Kerry, former U.S. Senator (D‑Mass.) and Secretary of State and current US Special Climate Envoy, stated last week. 

“And now we have nine years left,” the 2004 Democratic presidential candidate added, “to try to do what science is telling us we need to do.”

Science speaks to Kerry. Just nine years, though? Not much time. 

But it could be worse. 

And apparently already is.

According to BBC environmental correspondent, Matt McGrath, who reported roughly 18 months ago that “there’s a growing consensus that the next 18 months will be critical in dealing with the global heating crisis.”

“The climate math is brutally clear,” Potsdam Climate Institute founder Hans Joachim Schellnhuber argued. “While the world can’t be healed within the next few years, it may be fatally wounded by negligence until 2020.”

“Healed”? Or brought to heel?

That time is running out “is becoming clearer all the time,” McGrath noted then, before quoting the eminent scientist, the Prince of Wales: “I am firmly of the view that the next 18 months will decide our ability to keep climate change to survivable levels and to restore nature to the equilibrium we need for our survival,” declared his royal highness, speaking at a reception more than 18 months back. 

Prince Charles Philip Arthur George Mountbatten-​Windsor is also considered something of an expert on receptions.

For my part, regarding these prophecies, I’m with Gavin Schmidt, the head of NASA’s Goddard Institute for Space Studies, who advised, “All the time-​limited frames are bullsh*t.”

I can follow that science.

This is Common Sense. I’m Paul Jacob.


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general freedom ideological culture

The Hobgoblin

Here in Virginia, it looks like we will have a soggy Halloween. But in Chicago the cold and snow may barrel in big time.

“A buckled jet stream weather pattern known as the Pineapple Express has sent warm weather from closer to the equator north to Alaska, setting records there,” we learn from The Chicago Tribune, “even as it’s forced below-​normal temperatures south from closer to the Arctic and into the Chicago area.”

The Tribune notes that they are working on a new record in the Windy City. Not a new lowest temperature, but, well, “a record for coldest high temperature.” Go back over a century and a half, before all this ‘global warming,’ and “records were set in 1873 for the coldest Oct. 31 high temperature, 31 degrees, and the lowest low temperature, 23 degrees.”

What is refreshing in all this is not the chill winds, nor the snow. It’s to read multiple articles about the weather and see not one mention of greenhouse gases and man-​made ‘climate-​change.’

Mark Twain famously once quipped that “everybody talks about the weather but nobody does anything about it.” Nowadays, too many people are trying to do something about not just ‘the weather’ but about ‘the climate.’

Which, we should understand, is deceptively simple when we put the definitive article in front of the word: THE climate. When I was a kid, most climate talk referred to weather patterns in regions. Not the whole planet as one big region.

What if the interaction of different regions were the real story?

So, my Halloween treat has already been digested: the hobgoblin of catastrophic climate change has been set aside, the cold weather too strong a contrast to feed that diabolical narrative.

This is Common Sense. I’m Paul Jacob.


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from a photo by Ian Collins

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Hurricane Apophenia

While Hurricane Dorian lumbered towards America, Axios unleashed a rumor: President Trump had wondered about “nuking” hurricanes in their early stages. 

Sounds goofy, I know. Many used the rumor to question Trump’s intelligence, prudence, and sanity, but fretting about a mere rumor at length might give us reason to question our intelligence, prudence and sanity.

Before the hurricane hit the Bahamas, Reason magazine made the logical point about how useful “price gouging” would be for dealing with a disaster like Dorian. Then came the hit, which, ABC reports, was quite devastating: “Hurricane Dorian kills at least 5 in the Bahamas; US coastline braces for impact.”

While others prepare for the worst, we on the sidelines merely wonder, could Dorian be a sign of global warming?

It is hard not to think that thought.

But Tony Heller of RealClimateScience​.com cautions us against leaping to this cause for that effect. “Coolest January-​August On Record In The US,” Heller headlines his piece providing graphs showing how amazingly un-warm it has been in our half-​a-​hemisphere so far this year.

There is no honest way to associate this storm with “global warming” or even climate change.

As real climate scientists know. Still, linking bad weather to the much-​pushed Big Story Of Our Time is almost … irresistible.

Part of this is apophenia: our brains find patterns even where they do not exist.

Yet I sometimes wonder whether this weather-​climate mistake isn’t being programed into us by insiders with an agenda.

But that might be mere apophenia, too. 

This is Common Sense. I’m Paul Jacob.


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national politics & policies Popular

Greener Pastures

There is climate change going on. And some of it is attributable to increasing levels of Carbon dioxide (CO2). 

It is uncontroversial and quite politically convenient to say that — despite Al Gore’s infamous propaganda positing climate change dogma as An Inconvenient Truth. The worldwide “green” movement to “fight climate change” has been supported by trillions of tax dollars and the eager, lip-​smacking glee of major media mavens as they trot out story after improbable story, linking every storm, warm spell, cold spell, and summer ice melt to “man-​made global warming.”

But there is no real “settled science” as non-​scientists like to term the case for anthropogenic global warming, because there are

  1. troubles with the temperature data
  2. difficulties separating weather events from climatic trends
  3. problems identifying CO2 level variations as the cause of climate change rather than as a result,
  4. a certain amount of dunderheadedness using a statistical construct of “average global temperature” to track actual trends, and 

so much more. But we do know about one extremely positive effect of increasing atmospheric carbon: it makes the deserts bloom.

Or, at least, greener.

Six years ago a study of satellite data concluded that arid regions have gone greener. Increased atmospheric CO2 levels makes photosynthesis more efficient, allowing plants to use less water, thereby creating more leaves.

Earlier this year, however, Forbes reported that a NASA study had just demonstrated that expanded agriculture and silviculture in India and China were responsible for most of that greening — but if you compare the Forbes article with the original paper, the CO2 contribution persists. 

Atmospheric carbon is plant food, so to speak, and without it, life on the planet would die.

An awkward truth?

This is Common Sense. I’m Paul Jacob. 


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Green New Extremism

Citation is here.

And here.