Monthly Archives: November 2012

Republicans, embroiled in civil war, cave on revenue frame

It has been Republican dogma for the past several years or longer that “we don’t have a revenue problem, we have a spending problem.” Kowtowing to private citizen Grover Norquist and his “no tax increase in any form, under any circumstances” pledge, Republicans in Congress and elsewhere have heretofore rejected any kind of balanced approach to shrinking the U.S. debt and deficit that involves raising revenues in any way. In one famous moment at their August 11, 2011 debate in Iowa, the Republican presidential candidates all rejected even a hypothetical solution that consisted of a ten to one ratio of spending cuts to tax increases. However, in the wake of their considerable defeat in the 2012 elections, the Republican wall against raising revenues is now crumbling.

Climate change is the new Internet

Want to know the dirty little secret that may cause many Republicans to believe in climate change? The secret is: there’s lots money to be made. Indeed, climate change a/k/a global warming could unleash economic opportunities on par with the Agricultural Revolution, the Industrial Revolution and the Information Revolution that kicked into high gear with the Internet. Here are some ways in which capitalists may capitalize on climate change: