Tag Archives: economics

Green Cow Gas

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…or something.  The Wall Street Journal opined Monday on the alleged hypocrisy of California’s Progressive-Democrats on the matter of going carbon-neutral in a shade over a decade.

California has plowed billions of dollars into green energy to wean the state off fossil fuels. But now progressives are complaining that biofuel producers are milking government subsidies intended to help dairy farmers cut emissions. Here is another illustration of the left’s anti-carbon contradictions.

The Editors went on in that vein, describing those Progressive-Democrats’ dismay over two companies thoroughly dominating the cow manure and flatulence emissions carbon credits market, even taking advantage of California’s laws governing those emissions.

The Editors closed with this gem regarding those Progressive-Democrat greens:

California dairies have been shrinking due to the high costs of complying with environmental regulation and water restrictions. By subsidizing methane digesters, the state intended to prevent more dairy farmers from leaving the state for less green pastures. But green groups now say the subsidies will encourage farmers to increase their herds, which could cause more water and air pollution from manure….

I have to ask, then: haven’t these editors (and other critics) heard? Sniffing methane develops magical thinking powers.

Regulatory Capture

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…and campaign finance hypocrisy.  Regulatory capture is where companies subject to this or that regulatory body are large enough and financially successful enough to…influence…their regulators and guide the nature and scope of the regulations to which they, and their competitors, are subject.

The most recent presidential campaign filings show that [Senator Elizabeth, D, MA] Warren and [Senator, I, VT (or D, depending on which spin is current] Bernie Sanders—who has called for ramping up antitrust enforcement and taking on the big tech companies—have each attracted large amounts of contributions from people connected to Google and other tech companies.

As The Wall Street Journal noted just ahead of that cite,

No other candidate for the Democratic presidential nomination has been as eager to call for the breakup of Google as Sen. Elizabeth Warren.

Therein lies the hypocrisy: these two, along with many of their fellow Progressive-Democratic Party Presidential candidates, argue most vociferously for getting Big Money out of campaign finance.

Tariffs on Mexico

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There is some hue and cry over President Donald Trump’s threatened tariff on Mexico in an effort to get the Mexican government to take seriously its role in the crisis on our common border.

Critics of the tariffs, including those within the administration, have said the ratification of the pact would be threatened by the tariffs.

There’s no threat to ratification of the USMCA from these tariffs. There is a threat from the Progressive-Democrats who hate the treaty separately from this.  However, the lack of threat is illustrated by Mexico; since the tariff threat, that government has said it still intends to ratify the treaty.

On the other hand, critics of the present tariff threat are conflating the two purposes of tariffs. One is as protectionist devices; these are the tariffs that are targets of the USMCA, and they remain controlled by the agreement.

The other purpose is as a foreign policy tool used to induce another nation to do/not do the things identified by a particular tariff-as-foreign policy tool’s stated purpose.

The threatened tariff is not at all a protectionist tariff. On the contrary, it’s a foreign policy tool, a take-your-own-immigration-laws-seriously tariff.

Update: The foreign policy tool seems to have worked. Of course, we’ll have to see the realization over time, but that’s the case with all agreements.

A Nutshell

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On the matter of the House voting up the US Mexico Canada Agreement, the trade agreement agreed among the US, Canada, and Mexico to replace NAFTA, Congressman Gerry Connolly (D, VA) had this to say:

Given his behavior, I don’t see some great groundswell of support for this on our side of our aisle. I’m a free trader and I’m in no rush to approve this agreement.

That is the Progressive-Democratic Party’s hysterical anti-Trumpism in a nutshell. Party opposes the USMCA over Trump’s behavior; its opposition does not consider the merits or lack of merits in the agreement.

Never mind that Mexico’s President Andrés Manuel López Obrador has said his government will proceed with ratifying the USMCA despite President Donald Trump’s threat to impose tariffs on Mexico over the latter’s “migrant” flow failures.

Another Hollywood Culture War Campaign

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[Robert, Chairman and CEO of The Walt Disney Company] Iger told Reuters [last] week that it would be “very difficult” for Disney to continue filming its movie and television content in Georgia if a new state abortion law takes effect.

This is the same Bob Iger whose company enthusiastically operates a theme park and peddles movies in the People’s Republic of China, which government spies on its citizens with, among other things, facial recognition software and which government has locked up millions of PRC citizens—Muslim Uighurs, for the most part, but not exclusively—in “reeducation” camps reminiscent of the worst of Mao’s camps.

Since neither Iger nor Disney has any concern for the lives of aborted babies or for the principles of freedom generally, it will be far more than very difficult (no quotes necessary) for me to patronize any Disney movies, parks, or other product or service.

It will be impossible for me to do so.