Finally, a UK Conservative Minister Declares War on Crony Capitalism

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UK Environment Secretary Michael Gove has declared war on crony capitalism.

He won’t get any credit for this – not while we are (quite justifiably) hating on his dog’s vomit-pool of a government for its despicable failure in implementing Brexit. But he should because what he’s saying is important.

Here is what he told the Policy Exchange think tank:

Economic power has been concentrated in the hands of a few and crony capitalists have rigged the system in their favour and against the rest of us.

Over recent decades, debt has fuelled growth in an unsustainable fashion – indeed growth has been built not just on irresponsible levels of borrowing but an unsustainable approach towards natural resources.

‘Our politics, culture and regulatory models have worked against innovation, indeed have been pushed in that direction by powerful incumbents.

‘Many of our fellow citizens, especially those without the qualifications and connections to work the existing system, have seen less and less value placed on their work and themselves.’

This is revolutionary stuff.

Read the rest on Breitbart.

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Renewmaggedon – Solar, Wind Industries Dying as Subsidies Dry Up…

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See if you can work out what these recent stories from around the world have in common:
This one (from PV Tech):

 This one (from BNN)
and this one (from Motor1 News)

Yes. That’s right. Slowly, deliciously, like a leech starved of blood, the renewable energy industry is withering away and dying. It can only survive through government enforced subsidies or bribe-incentives. Once those dry up, so does its trade.

I wish I could say it gave me no pleasure to see all those jobs being lost, all those businesses collapsing, all those investors losing their shirts. But I’d be lying. The jobs aren’t productive ones, the businesses are an ugly manifestation of crony capitalism, and the investors should have realized that in finance there’s no such thing as a one way bet. And in any case the victims of the renewable energy industry’s ongoing collapse will be far outnumbered by the victors. Renewables are, and always have been, a scam perpetrated by the few against the many.

A tiny minority – Elon MuskDale “Dog on a Rope” Vince; etc – get very, very rich. But the ordinary folk forced to use their “clean” energy (whether they like it or not) just see their bills go up or, in the worst cases die in fuel poverty, even while the planet we’re supposed to be saving gets carpeted in bat-chomping, bird-slicing eco-crucifixes and bird-frying solar arrays.

This is a moment for Americans, once again, to savor just how lucky they are to have a President who doesn’t buy into this green nonsense. President Trump understands instinctively that renewables – apart from killing birds on an epic scale – are just rent-seeking with a smiley green face on top.

It’s also a killer for domestic jobs and industry, as Cato’s Jason Scott Johnston explainshere.

While Germany has succeeded in increasing the share of wind and solar in German electricity production to over 30 percent, the average German household spent 50 percent more on electricity in 2016 than 2007. German firms open new manufacturing facilities not in Germany, but in Slovakia and other countries with much cheaper electricity.

Indeed, so economically suicidal is the renewable energy scam that you can use it as the benchmark against which to test a functioning Western economy. The more enthusiastic about renewable energy it is, the more deluded its leadership and the more likely it is to experience economic collapse.

Read the rest at Breitbart.

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World’s First Anti-Global-Warming Hedge Fund Sticks It to the Greenies

The other day, while out hunting, I met a man who ran a brothel. (Till he got busted, anyway). I liked and respected him for brothel-keeping is an honourable profession which supplies a vital need and makes the world a happier place.

This is something that never could be said of a single person working in the climate change industry. It is now worth an eyewatering $1.5 trillion per annum — not a penny of which goes on anything remotely useful. As I argue here at the Spectator, it is a Potemkin industry, a racket, a form of state-sanctioned organised crime.

No one, in a free market, would spend a penny of their earnings on wind turbines, solar panels, research grants for dubious climate science projects, local council sustainability officers, et al: the industry is entirely dependent for its existence on favours granted to rent-seeking troughers by the political class.

If you build a giant trough, the pigs will come. And they have. (No insult to real pigs, by the way. Bacon! Mmm)

I’m thinking, for example, of wind farm entrepreneurs like Dale “dog on a rope” Vince — the former new age traveller whose £100 million fortune derives from carpeting the British landscape with gigantic bat-chomping, bird-slicing eco-crucifixes.

Rajendra Pachauri, the bearded, yogic railway engineer with wandering hands who, largely because he fitted the right ethnic profile, managed to parlay his way into heading the Intergovernmental Panel on Climate Change, jetting round the world for a succession of climatological shindigs in exotic locations, as well as making a tidy bit on the side thanks to his TERI research institute.

Read the rest at Breitbart.

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How Obama’s Green Crony Capitalism Is Reducing the US to a Banana Republic

“They are going to try to dirty him up,” said Court, a Steyer ally. “He is personally committed on a moral level to preventing a 4-degree temperature change that is irreversible, and he has $3 billion to pursue his passion.”

I have a couple of problems with this imaginative thesis, presumably advanced with Steyer’s blessing in order to distract from unhelpful stories like this one about  his latest egregious eco-fail in California.

1. How would it be possible, even with the combined resources of Chevron, Exxon, BP, Shell, Petrobras and whoever else, to cause more reputational damage to Tom Steyer than he has already achieved through his own magisterial efforts?

Sure he must have been clever or cunning sometime to have made at all that money for himself. But his more recent career, ever since deciding his new job was to save the world from ManBearPig, has been a succession of humiliating failures.

His NextGen SuperPac was a massive flop.

In Florida, it dispatched more than 500 staffers and volunteers to criticize Governor Rick Scott’s energy policies and used a “Noah’s ark” to show the threat of rising ocean levels. Scott still won re-election.

So was his Proposition 39 in California which, at yet further cost to the taxpayer, was supposed to have created 11,000 new “green jobs” a year. In fact the true figure has been closer to 600 green jobs a year, each costing $175,000 – and quite likely killing many more real jobs than the fake ones it created.

Read the rest at Breitbart.

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