Alan Murray’s column in today’s WSJ predicts that eventual carbon-cap legislation will be the nastiest knife fight in Washington’s history. With huge money at stake you can kiss democracy and sound public policy goodbye and say hello to our old friend interest-group power brokering as each business interest backs their dog in this coming fight.
Moment of bad deja-vu karma: “If you outlaw pollution then only the rich can afford to pollute” sounds terribly similar to “If you outlaw guns then only outlaws will own guns.”