The grand narrative on climate change hasn’t changed (yet) but the hypocrisy of it all is showing through. In a major reversal. the Bank of England is cutting climate change spending while Biden just approved a gigantic oil drilling initiative. Could this be the beginning of the end of the war on carbon? Not likely. Technocrats still want to destroy capitalism.
The 1930s western song could be retitled, “Don’t Geofence Me In”: ” Oh give me land lots of land under starry skies above / Don’t (geo)fence me in / Let me ride through the wide open country that I love / Don’t (geo)fence me in / Let me be by myself in the evening breeze / Listen to the murmur of the cottonwood trees.”
Since Technocrats demonstrably have it in for Capitalism and Free Market Economics, is it conceivable that they would intentionally pull the tripwire on the gargantuan derivative market? The size of this obscure market is well over 1 quadrillion dollars and is built like a house of cards. Warren Buffet calls it “weapons of mass destruction.”
