Re: [OPE] carbon tax

From: Paul Cockshott <>
Date: Fri May 08 2009 - 04:50:51 EDT

The situation of a small farmer faced with an individual large
corporation is very different from the market which would develop for
carbon credits. The former is a monopsony market. The latter would be a
highly competitive market.

Well established world market prices for UN carbon credits would
rapidly be established and would be well known. It would be no more
possible to establish monopsony conditions here than in the Euro /
dollar market. Of course dealers would charge commissions, but these
would be unlikely to be more than a few percent as in the currency
exchange markets.

>> The price that carbon rations would sell at will be determined by the labour theory of value as
>> modified by the law of differential rent.
>> If the total issue of carbon rations falls by say 2% a year, the rich will not be able to choose an
>> arbitrarily low price to buy them from the poor.
> Hi Paul C:
> Given the extreme poverty of people in many parts of the world,
> the rich WILL be able to buy set the price artificially low.
> We have lots of real world experience with this - e.g. where
> farmers sell the mineral rights on their farms to corporations
> for (basically, and in some cases, actually) pennies. This is
> happening today in the US with the purchasing of rights for
> natural gas (hydraulic fracturing) drilling. The poor -
> especially in the context of global poverty- are not in a position
> to be price makers ... unless they exhibited a degree of
> international solidarity which they have not, as yet, exhibited.
> In solidarity, Jerry
> Sarah Ogan Gunning (from the album
> "Come All You Coal Miners")
> Sad the day when I saw the steam shovels a-comin'
> The clank of their wheels as they clattered along
> Deep in my heart a voice seemed to be saying
> Good-bye my sweet home, you soon will be gone.
> In 1880 (typo?, JL) my folks were rejoicing
> They'd sold the mineral rights on the farm
> For twenty-five cents an acre they sold them
> My folks didn't know they would do any harm.
> Leave them alone, please don't disturb them
> Don't dump the yellow clay mud over their graves
> Although the law may say you have a right to
> Because of that twenty-five cents that you paid.
> The house it was the home of my father
> His father and mother they lived there too.
> Now they all lay asleep beneath the green willow
> Along with their wives and their children so dear.
> Leave them alone, please do not disturb them
> Don't dump the yellow clay mud over their graves.
> Although the law may say you have a right to
> Because of the twenty-five cents that you paid.
> Don't force me to leave the house I was born in
> Don't force me to leave the land dear to me
> Just take back the twenty-five cents that you gave them
> And just go away, and please let us be._______________________________________________
> ope mailing list

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Received on Fri May 8 04:53:27 2009

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