Forcing the adoption of expensive and unreliable energy destroys jobs (see Alberta) and exacerbates poverty in poor countries
Market advocates have always claimed that policy advice from business should be treated with suspicion. The road to economic and political hell is paved with corporate welfare and national champions (SNC-Lavalin anyone?).
Communists and the “progressive” left were much more harsh, claiming that since big business sought only monopoly and plutocracy, the state at least required “countervailing” power, if not absolute power.
Since command of economic resources was deemed synonymous with political power, some of the greatest businessmen and philanthropists all time — such as John D. Rockefeller, Andrew Carnegie and Cornelius Vanderbilt — were reflexively dubbed “Robber Barons.” Continue Reading →