The "free market", "market mechanism" etc is virtually a shibboleth these days.
http://www.sbs.com.au/news/article/1448476/Climate-committee-agrees-on-principlesa
But the free market or cargo-cult market fundamentalism as I prefer to call it is the problem not the answer. Free markets or rather unregulated markets are what have caused the Great Recession and the climate change disaster.
http://www.abc.net.au/unleashed/42422.html
http://www.businessspectator.com.au/bs.nsf/Article/CLIMATE-SPECTATOR-pd20101221-CBV35?OpenDocument
"a carbon price might, in theory, make complimentary measures redundant. But, as Professor Ross Garnaut points out, it would need to be $50-$100 a tonne to make it so."
Compare this with Stiglitz who says the tax needs to be somewhere near $88/t.
Why can't we start at a low rate ($10-20/t) and move up from there over time? And return the fee as a citizen's dividend to post compensate for increased energy prices and mute criticism of the 'great big tax'.
Saturday, December 25, 2010
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