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Showing posts from December, 2015

One Small Step.....

One Small Step….. GangaPrasad Rao gangaprasadmeal@gmail.com Paris is behind us, and all is well with the world!....... But seriously, and unless a global technology cartel, possessing a zero-emissions, near zero- marginal cost, closed-cycle nuclear technology is blackmailing the peoples of various nations (Wish the bourses could bet on such bizarre possibilities !), our global Commons, our lives, and those of future generations, are at significant risk - 150 heads of state notwithstanding. Carbon permits are the academically-recommended instrument to inventory, contain and shrink CO2 emissions back to climate sustainability. But in the decades since it was first suggested, buying permits has been entirely the onus of the industry that consumes energy to produce private household goods, intermediate goods, as well as public goods and services. The fact that it is demand from end users - households, businesses, and the Government - that drives the demand for energy, is elementary, but of...

Damage-Collateral-Compensation Bonds

Damage-Collateral-Compensation Bonds GangaPrasad Rao gangaprasad.rao@gmail.com gprasadrao@hotmail.com The Nominal per-capita economic paradigm that many societies have adopted to raise their standard of living is not without its pitfalls. Nominal societies hasten a desired future by accommodating some ’real redux-nominal ZS’, and permitting some ‘hastening risk’ upon members of society. The damages and compensation claims resulting from such risks translating into real events in an inequitable nominal economy are shared by Insurance firms who insure Privates, and implicitly by the society/Government that covers or comes to the aid of the uninsured Public at large. Thus, if Privates enjoyed the benefits of anticipatory insurance post-fact the occurrence of the Risk event, the Public settles for as much EO-compensation as the Government deems expedient. This nominal dichotomy permits consumption-externalities by the Rich, and transfers them to the Poor who are victimized at the receiving...