“I’ve never been a fan of Davos, that annual gathering of the rich and fatuous. One virtue of the pageant of preening and self-importance, however, is that it brings out the worst in some people, leading them to say things that reveal their vileness for all to see.
And so it was for Steven Mnuchin, Donald Trump’s Treasury secretary. First, Mnuchin doubled down on his claim that the 2017 tax cut will pay for itself — just days after his own department confirmed that the budget deficit in 2019 was more than $1 trillion, 75 percent higher than it was in 2016.
Then he sneered at Greta Thunberg, the young climate activist, suggesting that she go study economics before calling for an end to investment in fossil fuels.
Well, unearned arrogance is a Trump administration hallmark — witness Mike Pompeo, the secretary of state, claiming that a respected national security reporter couldn’t find Ukraine on a map. So it may not surprise you to learn that Mnuchin was talking nonsense and that Thunberg almost certainly has it right.
One can only surmise that Mnuchin slept through his undergraduate economics classes. Otherwise he would know that every, and I mean every, major Econ 101 textbook argues for government regulation or taxation of activities that pollute the environment, because otherwise neither producers nor consumers have an incentive to take the damage inflicted by this pollution into account.”
David Lindsay: Thank you Paul Krugman. Here are two of the most popular comments which I endorsed:
Alexandria Ocasio-Cortez points out that if you don’t have an economics degree, like Greta, they’ll mock you for not having one. If you do have one, like AOC, they’ll claim it’s illegitimate. They will happily deny logic, science, and environmental consensus in order to protect oligarchy. Not surprisingly, economics fares no better.
The human depravity required to be a right-wing science and manmade global warming denier is astounding. The only reasons to indulge in such a stance are a sadomasochistic death wish for oneself, humanity, and the entire animal and plant kingdom…and psychopathic greed.
Or as Greta Thunberg said so eloquently at the UN Climate Action Summit:
“People are suffering. People are dying. Entire ecosystems are collapsing. We are in the beginning of a mass extinction, and all you can talk about is money and fairy tales of eternal economic growth. How dare you!”
“For more than 30 years, the science has been crystal clear. How dare you continue to look away and come here saying that you’re doing enough, when the politics and solutions needed are still nowhere in sight.”
“How dare you pretend that this can be solved with just ‘business as usual’ and some technical solutions?” “There will not be any (realistic) solutions or plans presented…here today, because these (C02) numbers are too uncomfortable. And you are still not mature enough to tell it like it is.”
“You are failing us. But the young people are starting to understand your betrayal. The eyes of all future generations are upon you. And if you choose to fail us, I say: We will never forgive you.” “We will not let you get away with this. Right here, right now is where we draw the line. The world is waking up. And change is coming, whether you like it or not.”
— Just say NO to the Gas Oil Petroleum party.