Comments on: Social capitalism: The bail-out index http://futurismic.com/2009/01/23/social-capitalism-the-bail-out-index/ Presenting the fact and fiction of tomorrow since 2001 Fri, 10 Feb 2012 22:03:44 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: The Intellectual Redneck http://futurismic.com/2009/01/23/social-capitalism-the-bail-out-index/comment-page-1/#comment-18012 The Intellectual Redneck Sun, 25 Jan 2009 18:22:40 +0000 http://futurismic.com/?p=5738#comment-18012 Do all our Congressmen and Congresswomen own bank stock? <a href="http://bloggingredneck.blogspot.com/" rel="nofollow">Nancy Pelosi wants more TARP money than the 700 billion already wasted</a> Do all our Congressmen and Congresswomen own bank stock? Nancy Pelosi wants more TARP money than the 700 billion already wasted

]]> By: Tom James http://futurismic.com/2009/01/23/social-capitalism-the-bail-out-index/comment-page-1/#comment-17953 Tom James Fri, 23 Jan 2009 22:16:47 +0000 http://futurismic.com/?p=5738#comment-17953 I honestly don't understand the <em>value</em> of this sort of thing. It's the same deal with carbon credits - if you can build a international system of treaties to regulate and monitor a cap and trade system why not just bite the bullet and put an international revenue-neutral VAT on fossil-fuel use? In this case the stupidity stems from a mistaken belief that individuals working in a free market are <em>uniquely</em> capable of coming to rational conclusions as to the future value of assets, compared to governments, bloggers, or some random witchdoctor. /Eyeroll I honestly don’t understand the value of this sort of thing.

It’s the same deal with carbon credits – if you can build a international system of treaties to regulate and monitor a cap and trade system why not just bite the bullet and put an international revenue-neutral VAT on fossil-fuel use?

In this case the stupidity stems from a mistaken belief that individuals working in a free market are uniquely capable of coming to rational conclusions as to the future value of assets, compared to governments, bloggers, or some random witchdoctor.

/Eyeroll

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