Sunday, October 5, 2008

Why Al Doesn't Get It

Or maybe it's just one confused NYT writer. Or maybe both have no idea what they're talking about.

From Sunday's NYT Magazine article on Kleiner Perkins (under the wry headline "Capitalism to the Rescue", an attitude that is likely to accelerate NYT's impending demise):

And when the governments of the world assign a price to carbon, [Albert Gore] added — as [Albert] believes they will within a year or two — demand for carbon-free electricity will explode.

I assign homework. Markets abet price discovery.
Governments hopefully won't be as naive (as NYT writers apparently are) to imagine they could "assign" anything that functioned like a price to carbon.

Then again, maybe some of those fantastic Russian economists are out of work and available for Albert's pet project. I simply suspect that they aren't on Kleiner Perkins' payroll. After all, that hardly sounds like capitalism.

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