careful what you wish for

On occasion and what with the economy in the tank, some folk muse openly about imposing carbon based penalties on China – a new form of protectionism if you will.   The implications of this need to be understood before our poll happy politicians attempt to score domestic points – fortunately some cautionary thoughts are available over at Marginal RevolutionRTWT.

  • It can be very hard to identify and isolate the energy inputs into an exported product, especially if the host government is uncooperative and a lot of money is at stake.
  • Last I checked China was funding a big chunk of our government’s debt.  Confronting them would have to be bundled with a regime of extreme fiscal conservatism and unilateral foreign policy.
  • Chinese citizens wanting clean air at home are possibly our biggest ally so let’s not alienate them.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s