Friday, October 2, 2009

The World is Flat 3.0

Watch it on Academic Earth
Media dinosaur and "visionary" Thomas Friedman lectures at MIT on some of his recent insights and books. The first 3/4 of this talk is pretty standard schlock for anyone familiar with the power of ecommerce, the internet and globalization to break down international barriers. I agree with his endorsement of radical free trade. The final 1/4 of the talk is a plea for the world to go green, no matter what the costs. The world will go green breathtakingly fast when the costs of green energy become cheaper than fossil fuels and we'll see the creative destruction in the marketplace as old industries die and new industries are born that Friedman longs for in the video. Investment and focus should be placed on improving the economics of green energy, not these artificial schemes like cap & trade that are nothing more than taxes on the common man designed to raise the prices on carbon based fuels so green alternatives can be competitive in the marketplace and enrich the elites.

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