Hayek and his followers, neoliberals all, believe that markets should be constructed in such a way that the only consideration is financial efficiency, meaning that the rich get richer, and all externalities of production and consumption are ignored. Who really needs the Gulf of Mexico or the Ogallala Aquifer, when BP and Koch Industries want to drill, drill, drill and move that bitumen.
|By: Maureen Tkacik Friday August 24, 2012 7:12 pm|
When I first heard news in the beginning of the summer of a coup underway at the University of Virginia, I wondered idly if it had anything to do with climate change—specifically, ousted (and since reinstated) President’s Teresa Sullivan’s defense of the former UVA professor behind the “hockey stick” graph documenting its existence against state attorney general Ken Cuccinelli’s demands for every email/paper/grant application/log/cocktail napkin/etc. he touched during his seven years at the school.
|By: masaccio Sunday December 19, 2010 10:30 am|
Professor Cowen explains that the US belongs to the hyper-rich. You don’t count.