7 November 2011
Carbon Trade - Bureaucrats create paradise for scamsters
Apart from the fact that the carbon trade scheme has been decreed without any democratic participation by the citizens we have always argued that the only people to be enriched will be traders, speculators and - above all - the fraudsters. Much - if not most - of the crime in the world is caused by ill-conceived legislation (prostitution, drugs, excessive taxes on alcohol and tobacco to name the most obvious cases) and the agriculture sector so far has been the most high-profile sector involving fraudulent activity in the 'legal' business sector. Before long this will be surpassed by trading in carbon 'credits'. Who is going to monitor, measure and account for the activity in something as ephemeral as air and gas? Certainly not sleepy bureaucrats and their minions in the - already overstretched - police and judiciary. But the political class as always operates according to the well-proven rule of the bureaucrat: why make it simple if it can be complicated (and expensive)? The obvious way to reduce consumption of fossil fuel is cheap and effective: let the rising demand cause price to rise and if necessary increase taxes on fossil fuels. Another observation: the Media are also complicit in the backroom dealing that gives Lobbies that profit from the Carbon Trade as the industry representatives are giving excessive space to propagate their self-serving mantras.