Market meltdown: understanding climate economics

Mother Jones
by James K. Galbraith

08/07

Eight years ago in Austin, Texas, pio­neering climate economist Eban Goodstein drew a thin crowd speckled with hecklers, whose buttons demanded, ‘Show Me the Science!’ When he returned this year, the deniers were gone, the room packed, the mood serious. Thanks to Al Gore, people get the science. Now, they want to know what to do. To this, Republicans in Congress answer: nothing. House Minority Leader John Boehner (R-Ohio) has appointed six members to the new climate change committee. Most of them had been global-warming skeptics; now they’re policy skeptics. As Rep. John Shadegg (R-Ariz.) stated: ‘We must be careful not to enact policies that will unnecessarily impose a financial burden on American families.’ Their new button reads: ‘Show Me the Economics!’

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