Excellent article from Pointman Blog about the connection.
“Charles Mackay wrote in his book, Extraordinary Popular Delusions and the Madness of Crowds – “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” The book may have been written in the mid-nineteenth century, but here we are at the kick off to the twenty-first, and that mass psychology is only too familiar. Maybe Hari Seldon was on to something after all.
“The global warming craze is dying down. People, as Mackay noted, are coming out of it one by one and that process is accelerating with every passing day. Governments are cutting subsidies for green technologies not only because they don’t work, but because government coffers are empty. They’re broke. The politicians no longer mention it because it no longer gets votes and indeed just attracts a baleful hostility from a cash-strapped electorate, worried about paying their soaring power bills in the midst of the worst recession in living memory.
“The reputation of climate science has taken a terrible beating, with one iconic symbol after another brought down by the skeptic blogosphere. The arrogant and at times criminal behaviour of some of the alarmist scientists involved, such as Peter Gleick, has further eroded any respect for it. Within the field and in related ones, researchers are now emboldened to question the supposedly “settled” science. Across the world, the carbon trading market is dead. The journalists specialising on the environment are finding their jobs disappearing or under threat, and are consequently moving on to other more viable niches. Basically, the popular media are deserting the party. High principles about saving the planet are all okay, but one’s livelihood is so much more important, isn’t it?
“The whole political movement has already made too many poor inward-looking decisions and from any conceivable strategic viewpoint, their position is by now unrecoverable. The mainstream politicians are avoiding them like the plague or keeping them in the waiting room for a change, and there’s an emergent pattern of alarmists being released from hitherto safe sinecures like NASA, the BBC and certain prestigious news outlets in places like Washington, amongst others. The embarrassment factor has just got too big and the establishment is, as they euphemistically say, reconfiguring its posture.
“The only people, who will be left on the burning deck of the sinking ship when all else have fled, will be the political activists and the committed climate scientists, who aren’t all that clued up politically.
“That’s a wall, look at it, and read the writing on it. You’re being flushed.”