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Kickstart my … Climate Change Policy !

Kickstart my … Climate Change Policy !   Ganga Prasad G. Rao Energy, Environmental and Mineral Economist gprasadrao@hotmail.com     Introduction An important, even critical lesson in environmental economics is the anticipation of future, irreversible environmental damages and providing a resolution for them in the present. A further specific case concerns the anticipation of very low probability environmental risks but which have the potential to cause very large, unprecedented damages. Such is the case with Climate Change. The seemingly inexorable increase in global CO2 emissions, the consequent accumulation of CO2 concentration in the atmosphere, and the ‘inertia’ built in to the global warming cycle implies rising sea levels across years and decades – whether gradually, or cataclysmically, as well as irreversible changes to seasonal weather patterns that could, among a multitude of other impacts, potentially affect hundreds of millions residing by the coasts, cause th...

The Road to a Robot Economy, nay, Robot Society !

The Road to a Robot Economy, nay, Robot Society ! Ganga Prasad G. Rao gprasadrao@hotmail.com www.evernote.com/gprao Was it any wonder, mused Rob, alone at the coffee shop with a frappe and a book, ‘Capitalism and Society’, that capitalism, with its inexorable quest for profits, had across years and decades, responded to the ever-increasing labor wage tab and benefits burden on firms with an inexorable and incremental substitution of capital for labor? Back in the early days of the Industrial Revolution, the first use of tools and instruments enhanced the productivity of the otherwise uneducated labor force. Then came machines - first simple, then large and complex – followed quickly by control and automation. The blue collar work force developed an almost symbiotic relationship with the machines as output expansion, profits growth, enhancement of employment opportunities and higher wages provided Americans with reduced costs, and brought about a revolution in t...