We are mimicking Americas blind faith as their politicians allowed and legislated their way into the GFC and destruction of financial institutions globally.
If Australian politicians wish to blindly follow this new threat to global economies via various carbon market machanisms and also just following party lines...we deserve what we get.
The general public have not followed the GFC as closely as HC members and do not see the comparison with a carbon trading 'commodity' weighing on every other market value but how can our government be so blind to market/economic vulnerability? ala GFC.
Just watched the Inside Job movie about the US government niavity when introducing financial legislation directed by 'insiders'economisits and bankers etc who were instrumental in the market meltdown of the GFC ,whilst some bet against the government legislation to profit when it all blew up.
How is this carbon tax/trading different? Reassure me.
A carbon market delivering imaginary value to inflate a bubble requiring money being made lost compensated, is a crazy greedy mans way of harnessing the power to effect value on everything,imo. We have a weak government.imo. Harnessed imo. A weak public even wanting compensation. to make a weak difference to the climate?
