In his excellent book Capitalism, George Reisman stated:
Even if global warming turned out to be a fact, the free citizens of an industrial civilization would have no great difficulty in coping with it—that is, of course, if their ability to use energy and to produce is not crippled by the environmental movement and by government controls otherwise inspired. The seeming difficulties of coping with global warming, or any other large-scale change, arise only when the problem is viewed from the perspective of government central planners.
It would be too great a problem for government bureaucrats to handle … . But it would certainly not be too great a problem for tens and hundreds of millions of free, thinking individuals living under capitalism to solve. It would be solved by means of each individual being free to decide how best to cope with the particular aspects of global warming that affected him.
Individuals would decide, on the basis of profit-and-loss calculations, what changes they needed to make in their businesses and in their personal lives, in order best to adjust to the situation. They would decide where it was now relatively more desirable to own land, locate farms and businesses, and live and work, and where it was relatively less desirable, and what new comparative advantages each location had for the production of which goods. Factories, stores, and houses all need replacement sooner or later. In the face of a change in the relative desirability of different locations, the pattern of replacement would be different. Perhaps some replacements would have to be made sooner than otherwise. To be sure, some land values would fall and others would rise. Whatever happened individuals would respond in a way that minimized their losses and maximized their possible gains. The essential thing they would require is the freedom to serve their self-interests by buying land and moving their businesses to the areas rendered relatively more attractive, and the freedom to seek employment and buy or rent housing in those areas.
Given this freedom, the totality of the problem would be overcome. This is because, under capitalism, the actions of the individuals, and the thinking and planning behind those actions, are coordinated and harmonized by the price system (as many former central planners of Eastern Europe and the former Soviet Union have come to learn). As a result, the problem would be solved in exactly the same way that tens and hundreds of millions of free individuals have solved much greater problems, such as redesigning the economic system to deal with the replacement of the horse by the automobile, the settlement of the American West, and the release of the far greater part of the labor of the economic system from agriculture to industry (pp. 88-89).
as excerpted in “Environmentalism Refuted” by George Reisman at Mises.org.

![“Life imitating Atlas” continues. Reuters’ “New Climate strategy: track the world’s wealthiest” chronicles the latest lunacy of real-world Dr. Stadlers:
To fairly divide the climate change fight between rich and poor, a new study suggests basing targets for emission cuts on the number of wealthy people, who are also the biggest greenhouse gas emitters, in a country.
Since about half the planet’s climate-warming emissions come from less than a billion of its people, it makes sense to follow these rich folks when setting national targets to cut carbon dioxide emissions, the authors wrote on Monday in Proceedings of the National Academy of Sciences.
These obligations, based on the increasing number of rich people in various countries, would kick in as each developing country hit a certain overall level of carbon emissions. This level would be set fairly high, so that economic development would not be hampered in the poorest countries, no matter how many rich people live there.
Is this a limousine-and-yacht tax on the rich? Not necessarily, [Shoibal] Chakravarty [of the Princeton Environment Institute] said, but he did not rule it out: “We are not by any means proposing that. If some country finds a way of doing that, it’s great.”
Fairness. Need. Power. Coercion. Theft. PR. Influence. Destruction. Lies. Annihilation.](http://30.media.tumblr.com/Anhohk1sapsnrnr51j8ytz6zo1_100.jpg)