Matt Ridley has an nice essay emphasizing that The World’s Resources Aren’t Running Out. They won’t, and the reason is innovation. There is a phenomenon that strikes the environmental left as such an impossible paradox that they cannot see their way clear to understanding how the environmental problem has been and will be solved: economic growth brings wealth that allows us to afford the development of new, cleaner technologies, and those technologies in turn encourage more economic growth. To add a qualifier, it will be solved unless governments prevent markets from doing the work.
How Can Innovation Improve the Environment?
27 Sunday Apr 2014