Before President Trump pulled the United States out of the Paris Climate Agreement on Friday, corporations such as Apple, DuPont, and Google voiced their desire for the U.S. to stay.
An open letter to Trump signed by 16 leading companies says that U.S. businesses are “best served by a stable and practical framework facilitating an effective and balanced global response” to climate change. Many of these companies, however, are missing out on one important detail: They don’t need the government to push them toward renewable energy.
Good politics and bad economics have been on display in British political conversations as the parties release their manifestos for the upcoming elections. Prime Minister Theresa May’s suggestion that energy prices be capped and migration controls strengthened was outstripped in economic foolishness only by Labour’s £48.6 billion tax increase and their proposal to nationalize the National Grid.
These proposals ignore economic realities and reflect a complete misunderstanding of how markets work – even markets for goods as vital as energy.
When people think of Peru, they imagine archeological sites like Machu Picchu and delicious food, but few outsiders know that in Lima, the nation’s capital, is the largest film library in Latin America. The collection is housed inside a truly unlikely place: a shopping center. But not just any shopping center. Polvos Azules, a 30-year-old market, started when immigrants from rural regions of the country came to Lima and became street sellers in order to survive.
Yascha Mounk, a fellow at the Transatlantic Academy and lecturer at Harvard University, appeared on the Ezra Klein Show podcast last week, where he discussed how support for democracy has consistently gone down over the last 30 years. Mounk’s research finds that Americans are growing increasingly cynical about democracy and liberal institutions. Explicit support for authoritarian alternatives is on the rise.
President Trump was able to exploit this tendency in the last election, as voters opted for a strongman who made bold promises that no president has the ability to keep. But support for Trump’s populism is driven by misunderstandings of economic policy and overestimations of what government is actually capable of in the economic realm.
What is free market environmentalism? Young Voices advocate, Lindsay Marchello joins the podcast to explain her article in RealClearPolicy and why individuals and companies can and do often do a better job of guarding the environment than government.