1 thought on “Economics on the web (28.3.10)”

  1. Posted 31/03/2010 at 11:32 | Permalink

    I never thought I’d say this, but: George Monbiot’s article is spot-on. Especially:
    “There appears to be a cross-party agreement to squander the public’s money. Why? […] because solar panels accord with the aspirations of the middle classes. The solar panel is the ideal modern status symbol, which signifies both wealth and moral superiority, even if it’s perfectly useless.”
    Monbiot probably assumes that governments generally act wisely and benevolently, and is therefore especially appalled that in this particular case, they didn’t.
    Readers of this blog would not feel any surprise about this particular policy, because they rather assume that governments work like that most of the time.

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