"Absorptive Capacity" Revisited

The head of the U.N. Environment Program hopes China can be stopped from becoming a first-world country.

Comments

[Del]

That's scary. Not that the Chinese will single-handedly run the world out of resourses, but that small minded hand wringers want to grab the "mother of invention" by the throat and choke off future innovation that will allow any third world country to prosper. Seems short sighted. I say let the "invisible hand" loose and watch it do its magic.

[Floyd McWilliams]

Too bad Julian Simon isn't still alive. He could place a bet and make some more money.

[jacob dreyer]

this idea makes a lot of sense, considering that the use of resources wouldn't at all be constrained by supply and demand

[joe]

The cost of using resources is indeed responsive to supply and demand. Unfortunately, the cost of polluting is not. Until the environmental cost of economic activity is captured in the product/service price, there will be a tragedy of the commons.

[jacob dreyer]

^your right, but i would point out the established fact that first world countries don't pollute as much as thrid world ones, so by the very nature of chinas transformation to a first world country, this dilemma will become less problematic.

[Tommy]

More alarmism from the head-in-the-sand crowd.

[beanie]

"It's not a question whether you are devoted to nature or whether this is an emotional topic. This is the rationality of economics,"...

Huh? Is he being serious? I want Julian back.

[Madog]

I am awed by the level of economic expertise at the UN.

[Ira Weatheral]

This prediction sounds similar to the prediction made in 1860s Dubklin that if the rate of horse use continued that the entire city would be covered with six feet of manure by the 1950s

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