- Home
- Angry by Choice
- Catalogue of Organisms
- Chinleana
- Doc Madhattan
- Games with Words
- Genomics, Medicine, and Pseudoscience
- History of Geology
- Moss Plants and More
- Pleiotropy
- Plektix
- RRResearch
- Skeptic Wonder
- The Culture of Chemistry
- The Curious Wavefunction
- The Phytophactor
- The View from a Microbiologist
- Variety of Life
Field of Science
-
-
-
Political pollsters are pretending they know what's happening. They don't.4 weeks ago in Genomics, Medicine, and Pseudoscience
-
-
Course Corrections6 months ago in Angry by Choice
-
-
The Site is Dead, Long Live the Site2 years ago in Catalogue of Organisms
-
The Site is Dead, Long Live the Site2 years ago in Variety of Life
-
Does mathematics carry human biases?4 years ago in PLEKTIX
-
-
-
-
A New Placodont from the Late Triassic of China5 years ago in Chinleana
-
Posted: July 22, 2018 at 03:03PM6 years ago in Field Notes
-
Bryophyte Herbarium Survey7 years ago in Moss Plants and More
-
Harnessing innate immunity to cure HIV8 years ago in Rule of 6ix
-
WE MOVED!8 years ago in Games with Words
-
-
-
-
post doc job opportunity on ribosome biochemistry!9 years ago in Protein Evolution and Other Musings
-
Growing the kidney: re-blogged from Science Bitez9 years ago in The View from a Microbiologist
-
Blogging Microbes- Communicating Microbiology to Netizens10 years ago in Memoirs of a Defective Brain
-
-
-
The Lure of the Obscure? Guest Post by Frank Stahl12 years ago in Sex, Genes & Evolution
-
-
Lab Rat Moving House13 years ago in Life of a Lab Rat
-
Goodbye FoS, thanks for all the laughs13 years ago in Disease Prone
-
-
Slideshow of NASA's Stardust-NExT Mission Comet Tempel 1 Flyby13 years ago in The Large Picture Blog
-
in The Biology Files
A plant pundit comments on plants, the foibles and fun of academic life, and other things of interest.
The Cost of Environmental Regulations
By now the anti-environmental mantra of the GnOPers is well known to all in the USA where conservative has nothing whatever to do with conservation. Duh! Other than thinking that safe guarding the environment is a good thing, the Phactor, like most other people is unable to judge fairly whether such regulations, onerous as they may be, are hurting industries, the economy, and costing us jobs. Dealing with waste and emissions certainly costs companies, although the idea that environmental degredation is an OK business practice results in another cost subsididzed by the environment and everything else that uses it and needs it. The current crop of GnOPe presidential hopefuls have made it pretty clear that they think EPA rules and regs hurt the USA's economy. Without being overly cynical, if such a thing is possible these days when speaking of politics, it strikes this thinking person that like most of their other positions this is simple-minded thinking, or campaign rhetoric, or most likely both, as no towering intellect has been demonstrated among them. After all if new regulations require new technology, somebody gets employed to design it, make it, install it, and maintain it. The money it costs industry A to safe guard the environment doesn't just disappear, it goes to industry B, C, D, and E, generating jobs in the process. So it comes as no surprise really when people who understand these things better agree with my basic understanding of the issue.
Subscribe to:
Post Comments (Atom)
4 comments:
I'm not an economist and I wish I could properly cite the literature - but I will freely admit that I cannot. Nevertheless, I've heard it pretty plainly stated that this notion that environmental regulations help the economy by creating a need for equipment manufacture and installation fails simple econ 101. I think the basic premise is that mandating a specific capital expenditure that does not increase profit takes away money that would have been invested in a capital expenditure that does increase profit. The later would have greater economic benefit than the former.
I'm not saying this because I am some anti-enviro capitalist pig. In fact, I am closer to an enviro-nazi. I'm just saying that my previous cursory study of this idea left me with the notion that it was easily refuted.
@EricW I think your concerns are only addressing one side of the equation and leaving out some important variables.
The concern about profits and expenditure is for the industry being regulated. What about the profits of the company making the clean equipment? What about the profits to the company installing said equipment?
I think econ 101 only fails if one looks at the issue by squinting really hard through one eye.
But if a capital expenditure produced a profit for both the company investing in the new equipment AND the company providing the improved equipment, would that not be a larger net economic gain?
Eric is correct. What this post describes is the "fallacy of the broken window." If a shopkeeper's window is broken by a careless boy, the shopkeeper must replace the window which gives business to the glazier. But that is money that he might have spent on a dress for his daughter, which would have given business to the dressmaker. You may say that this is then a wash, except for the utility that the dress would provide the shopkeeper's family. If broken windows stimulated economic activity, then we could replace President Obama's economic team with delinquent teenager vandals.
Regulations act, to industry, like the shopkeeper's broken window. They are an external cost of doing business that provides no direct benefit to the company. They can and do slow economic activity. But if the price to pay for robust economic growth is diminished environment, then we need to have a serious discussion about priorities. Is a plasma TV in every room worth strip-mining Yellowstone Park?
Post a Comment