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Just because GDP doesn’t track happiness is no reason to reject economic growth

It's inarguably true that while GDP has grown exponentially for the past half-century, human happiness has remained relatively flat. All the same, as an economist it baffles me when these two facts are put forth as evidence that capitalism, markets, and economic growth are one big mirage, with only minor links to human welfare.

The most noteworthy features

Just to follow up a bit on Amanda's post, it seems to me that there are three particularly newsworthy features of Gore's speech:

• A "carbon freeze"? I've never even heard of that. But if we took it seriously -- if we really halted, immediately, the growth of our collective GHG emissions -- it would functionally amount to huge cuts. Those new coal-fired power plants in Texas would certainly be off the table. In fact, the coal industry would be forced to shift entirely to IGCC/sequestration. Needless to say, coal barons aren't going to like that.
• With Gore's backing, a revenue-neutral carbon tax -- the best immediate policy available to us -- is now squarely in the mainstream. Thanks, Al!
• He conspicuously failed to endorse nukes. He didn't oppose them, he just dismissed them as unworkable. That's just the right stance to take.

More later, maybe, after I look at the speech more closely.

Here, for your reading pleasure, is the speech in its entirety:

After months of gloom and doom, Gore’s all about solutions

Against a backdrop of eight American flags -- ceremoniously arranged behind a podium emblazoned with the scales of justice -- Al Gore took the stage at the New York University Law School early this afternoon to deliver what was billed in press releases as a "major policy address on global warming."

Major it was -- in terms of the media turnout, anyway. There were nearly a half-dozen cameras rolling and most major publications represented.

It was also major in terms of length (over an hour of factually dense commentary, sans visual aids) and gravitas (a more somber, more serious, dare I say more presidential Gore than the one we've seen pumping his fists and cracking jokes as he roars across the country on his climate lecture circuit). And major enough to have elicited rumors, as reported in the Independent yesterday, that the White House is hoping to steal Gore's climate thunder.

As with most policy addresses billed as "major," the rhetorical flourishes were legion. Take, for instance, the way Gore framed the address:

It won’t happen through fear

Funny. I wrote this post last night and held onto it to post it later today -- and then John went and scooped me, saying many of the very things I had to say. Oh well. Consider this an addendum to his post.

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Ibon at peakoil.net voices his worst fear:

Walton Ford brings testosterone to nature painting

Walton Ford. Photo: Jason Houston They, whoever the hell they are, say that great paintings work on many levels, and on the first, visceral level, a Walton Ford painting is gorgeous. Because his paintings are done on a large scale, it’s an in-your-face gorgeousness: You can’t miss the luster on a bison’s hoof, the plump […]

Find out

See for yourself:

Or: Fear and Environmentalism: Open mike night!

A post at The Oil Drum had this to say:

The power of peak oil as an external force, a geologically driven catalyst, to act as a wedge to force sustainability and conservation on a world hell bent on exponential growth and energy consumption is what caught my imagination and gave me a sense of hope several years ago when I first investigated this issue.

I've got more to say under the fold.

A subtle presidential bid?

Al Gore -- who's giving a major climate-policy speech today (more later) -- is writing another book, to be released in May: The Assault on Reason.

Two things are notable about this:

• It's a blessing that somebody other than low-level pundits is finally going to publicly acknowledge the increasing air of emotivism, unreality, and illogic that characterizes our national political conversation.
• As Ezra notes, this is extremely well timed to keep Gore in the public eye, just in case, you know, he decides to ... youknowwhat.

Alisa Gravitz, director of Co-op America, answers questions

Alisa Gravitz. What work do you do? I have the great pleasure of serving as Co-op America’s executive director. What does your organization do? Co-op America uses the power of the marketplace to solve social and environmental problems. Our name itself stands for the idea of people in their economic roles (as consumers, workers, investors, […]

Japan eradicates dolphins as form of ‘pest control’

Every year environmental and animal welfare groups join forces to boo and hiss at (and work to oppose) Japan during the International Whaling Commission meeting. In 1986 the IWC instituted a moratorium on commercial whaling, and ever since Japan has been fighting to overturn it. This year, Japan and its allies came dangerously close to inhaling the sweet smell of success.

In the 20 years since the ban has been in place, approximately 27,000 whales have been slaughtered -- either accidentally or for "scientific" purposes. This is hardly a secret. But you probably aren't aware of the 20,000 dolphins and porpoises Japan kills every year.