Johan Norberg vs. Naomi Klein and The Shock Doctrine

@NaomiAKlein agrees with #MiltonFriedman on Mancur Olson’s theory of how nations escape institutional sclerosis

Source: quoted by Naomi Klein in “The Shock Doctrine”.

1. There will be no countries that attain symmetrical organization of all groups with a common interest and thereby attain optimal outcomes through comprehensive bargaining.

2. Stable societies with unchanged boundaries tend to accumulate more collusions and organizations for collective action over time.

3. Members of “small” groups have disproportionate organizational power for collective action, and this disproportion diminishes but does not disappear over time in stable societies.

4. On balance, special-interest organizations and collusions reduce efficiency and aggregate income in the societies in which they operate and make political life more divisive.

5. Encompassing organizations have some incentive to make the society in which they operate more prosperous, and an incentive to redistribute income to their members with as little excess burden as possible, and to cease such redistribution unless the amount redistributed is substantial in relation to the social cost of the redistribution.

6. Distributional coalitions make decisions more slowly than the individuals and firms of which they are comprised, tend to have crowded agendas and bargaining tables, and more often fix prices than quantities.

7. Distributional coalitions slow down a society’s capacity to adopt new technologies and to reallocate resources in response to changing conditions, and thereby to reduce the rate of economic growth.

8. Distributional coalitions, once big enough to succeed, are exclusive, and seek to limit the diversity of incomes and values of their membership.

9. The accumulation of distributional coalitions increases the complexity of regulation, the role of government, and the complexity of understandings, and changes the direction of social evolution.

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Source: Obituary: Professor Mancur Olson | Obituaries | News | The Independent

RT @NaomiAKlein what’s changed since you left high school?

Naomi Klein versus The Great Fact

via Winning the War on World Poverty – Bloomberg View.

“It is entirely possible to rapidly switch our energy systems to 100 percent renewables” – Naomi Klein

Jacobson and Delucchi think we can replace all coal, oil, natural gas, and nuclear power by 2030 with wind, solar, and hydropower while fueling a fleet of electric cars.

How? By deploying 3.8 million 5-megawatt wind turbines, 5,350 100-megawatt geothermal plants, 500,000 1-megawatt tidal turbines, 720,000 0.75-megawatt wave power generators, 1.7 billion 3-kilowatt rooftop solar panels, 40,000 300-megawatt solar panel farms, and 49,000 300-megawatt concentrated solar power plants.

Annual global investment target Current  global stock
250,000 wind turbines 225,000 wind turbines
113 million rooftop solar panel systems 11.3 million

Delucchi and Jacobson estimate a price tag of about $100 trillion for their program.

That entails spending about $6.6 trillion per year from now until 2030, more than 11 percent of the entire world’s 2013 output of $75 trillion.

Naomi Klein cited Jacobson and Delucchi to support her proposition that 100% renewable energy systems is possible.

HT: reason.com/naomi-klein-changes-nothing

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