Facepalm

The policy challenge to achieve resource productivity improvements on this kind
of scale – across multiple environmental issues – is therefore very large. But the
economic benefits are also likely to be significant. Environmental improvement
requires investment and creates demand for new goods and services, which
stimulates economic growth and job creation.

The investment and the jobs are the costs of what you’re doing, idiots.

18 thoughts on “Facepalm”

  1. Any examples of environmental improvement leading to extra investment, jobs, etc? My first thought is that any investment likely to result in extra economic activity is going to mess up the environment to some extent.

  2. My second thought is that all the environmental stuff forced upon Atalaya in its attempt to re-open the Río Tinto mines has led to a 10 year delay in getting any profits from the activity, let alone recouping the environmental outlays

  3. We have experimented with bold monetary policy, but are constrained by pre-Keynesian fiscal orthodoxy.

    Wonder why that is?

    Technological change has huge potential to improve living standards, but will need to be managed to ensure that the gains are fairly shared.

    Thus endith technological change.

    The economy depends on public spending, but we have not been sufficiently willing to pay for it.

    Goddamn cheap peasants.

    And on and on and on…

  4. This IPPR report is a perfect example of what you get when a bunch of people who don’t understand the concepts of (1) opportunity cost, and (2) incentives get together to try to change the economic world. It clearly hasn’t dawned on any of them that much of what they want to accomplish is, for the most part, mutually exclusive.

  5. Look, all this is great news. A bunch of bien pensant wonks sit down to try to draw up a new economy for Britain.

    Seventeen seconds after they release their first draft, it transpires that every single one of their ideas is either:
    a) wrong
    b) counter productive
    c) will not work because it breaks several well observed laws of either economics or justice
    d) all of the above

    Fab! We all know now that we just need to do the opposite of what they suggest, and job’s a goodun.

  6. “Look, all this is great news. A bunch of bien pensant wonks sit down to try to draw up a new economy for Britain.

    Seventeen seconds after they release their first draft, it transpires that every single one of their ideas is either:
    a) wrong
    b) counter productive
    c) will not work because it breaks several well observed laws of either economics or justice
    d) all of the above

    Fab! We all know now that we just need to do the opposite of what they suggest, and job’s a goodun”

    Unlikely that anyone will notice the wrongness/counterproductiveness. Probably it will just be pushed earnestly by the likes of the BBC with sober comment from morons. Normal people will either not notice or be deceived because they don’t look very deep.

  7. I have personal experience of the costs of environmental improvement and how it creates jobs. It happened after my last shoot at Ely where Polly, dressed as a barrister, was giving a punitive hand-job to Snippa while asking him probing questions about tax. We had to call in a firm of specialist cleaners to tidy up afterwards which blew the budget completely.

    I have never seen such a prodigious money shot.

  8. @ Interested
    No.
    Horses were ridden for generations before carts were invented. Secondly if there were no carts then pack-horses would be used to transport goods. There are still some “pack-horse bridges” with bays at the top of the hump to allow two pack-horses going in opposite directions to pass each other.

  9. I should have added that this makes it an analogy for the claim that the economy, that existed for generations before public spending was created (barter economy preceded money), depends upon public spending. Economies can manage adequately without any public spending whatsoever – and did in North America until the second European invasion. [NB I said *North* America, not Central or South]

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