China creates another vehicle for corruption

NY Times:

Enacting Cap-and-Trade Will Present Challenges Under China’s System

With its heavy-handed interventions, poor statistics and corruption, China will need years to build a market that substantially cuts emissions, experts said.
Cap and trade is just another name for market manipulation.  If someone other than the government were doing it, is would be considered criminal in many countries including the US.  It will offer excellent opportunities for corruption and profiteering in China.

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

29 % of companies say they are unlikely to keep insurance after Obamacare

Bin Laden's concern about Zarqawi's remains