Wednesday, May 11, 2005

Corporate green (yes, that's an "n", not a "d")

CEO of General Electric, Jeffrey Immelt, announced that he would double spending on research for cleaner technologies. I hear a gasp! from the left, followed by "what's the catch?
The GE announcement is the most dramatic example yet of a green revolution that is quietly transforming global business. We tend not to see it clearly in the United States, in part because the Bush administration opted out of the Kyoto Protocol, which took effect in more than 140 countries in February. But if you're GE and you do billions of dollars of business in Europe (where all 25 members of the European Union ratified Kyoto) you already have to comply with global environmental policies, regardless of what the Bush administration says. What Immelt did was to apply the rules that shape GE's operations abroad to the company as a whole.
full WaPo article

This is a good demonstration of self-enforcing rules that Dems need to think about when they are making regulatory policies. One of the negative stereotypes of the left (and whether it is still true at this time is up for debate) is that we want government to solve all of our problems. Yes, regulations are necessary, but over-regulation just gives the gops something to whine about.

Dems, let's wake up and start offering incentives for good behavior such as this. Or better, let's come up with ways that we can create self-enforcing mechanisms for similar behavior, such as creating education programs. With these types of mechanisms, unbridled corporatism that enslaves American citizens will be controlled.

3 comments:

  1. This is GREAT! I hope to see more of this in the near future. I agree that when a company makes these leaps (not steps) in the right direction that they should be rewarded. I also think that the rising gas prices are good. They will hopefully cause us to find a better way to drive (as opposed to gasoline)

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  2. I like the post. It is soured by one socialist element you decide to throw in at the end, "unbridled corporatism that enslaves American citizens will be controlled." give me a f* break.

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  3. Hey,
    I totally enjoyed reading ur blogs. It seems like you have been busy republican bashing. The reason why I did not bring up economics in my blog was because I wanted to keep it from shifting gears. I was trying to focus on war and civilization, economics is an important subject and should be dealt with by an expert on such things. I am a biologist so I analyzed it from the point of view of human behavior. Thank you for your comments though. Hope to get more comments from you in the future.
    ROBBIE

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