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How Does Minnesota Coal Use Stack Up Against China, the Whole United States?

Xcel Energy bombards the airwaves to inform us that they plan to generate 100 percent of their electricity with carbon free resources by 2050. To accomplish this goal, Xcel plans to prematurely retire their coal-fired power plants and replace them with weather-dependent resources like solar and wind. American Experiment's modeling has concluded this plan will cost each Minnesota household more than $1,200 per year, every year, through 2050. For such enormous costs, one would hope that closing our coal plants would have a significant environmental benefit, but a look at coal consumption data from China, the United States as a whole,...

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Capitalism is Saving the Planet Part 2: In Soviet Russia, Air Pollutes You

We are often told that capitalism is destroying the planet, and that the only way we can repent from causing environmental degradation is to switch from a capitalist system to a socialist system. This thought process, however, could not be more wrong. Today we are going to talk about air quality in the United States, versus some other countries that have adopted more command and control economic systems. Russia/Soviet Union If command and control economies are cleaner because capitalism incentivizes pollution, then we should be able to look at examples of countries that were less capitalistic, or even hostile to capitalism, and see...

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Capitalism is Saving the Planet Part 1: Wealth Makes Health, Eventually

We are often told that capitalism is destroying the planet, and that the only way we can repent from causing environmental degradation is to switch from a capitalist system to a socialist system. This thought process, however, could not be more wrong. Today we are going to talk about a phenomenon which is often referred to as the Environmental Kuznets Curve. The theory behind this idea can be summed up in these three steps: 1. When an economy is primarily pre-industrial and agrarian, the environment is usually clean and untouched by pollutants from industrial economic activities. 2. As the economy shifts towards development and...

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