Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

benld74

(9,909 posts)
Tue Jan 3, 2012, 01:36 PM Jan 2012

Canadian Oil Sands - National Geographic 2009 - Breaks my heart to have read,,,

A poll conducted by the Pembina Institute in 2007 found that 71 percent of Albertans favored an idea their government has always rejected out of hand: a moratorium on new oil sands projects until environmental concerns can be resolved. "It's my belief that when government attempts to manipulate the free market, bad things happen," Premier Stelmach told a gathering of oil industry executives that year. "The free-market system will solve this."

But the free market does not consider the effects of the mines on the river or the forest, or on the people who live there, unless it is forced to. Nor, left to itself, will it consider the effects of the oil sands on climate. Jim Boucher has collaborated with the oil sands industry in order to build a new economy for his people, to replace the one they lost, to provide a new future for kids who no longer hunt ptarmigan in the moonlight. But he is aware of the trade-offs. "It's a struggle to balance the needs of today and tomorrow when you look at the environment we're going to live in," he says. In northern Alberta the question of how to strike that balance has been left to the free market, and its answer has been to forget about tomorrow. Tomorrow is not its job.

http://ngm.nationalgeographic.com/2009/03/canadian-oil-sands/kunzig-text

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Canadian Oil Sands - National Geographic 2009 - Breaks my heart to have read,,, (Original Post) benld74 Jan 2012 OP
Would someone please explain to Premier Stelmach the fundamental distinction kristopher Jan 2012 #1

kristopher

(29,798 posts)
1. Would someone please explain to Premier Stelmach the fundamental distinction
Tue Jan 3, 2012, 01:59 PM
Jan 2012

...between:
positive economics - where the "free market" is actually a force that can be harnessed for good by governments that can see beyond next quarter

and

normative economics - where "free market" is nothing more than an ideological buzzword designed to hide naked greed?


Latest Discussions»Issue Forums»Environment & Energy»Canadian Oil Sands - Nati...