Over at Grist, Gar Lipow explained, last week, why a carbon price is far from the answer to all our climate and energy prayers and why even Adam Smith "would have laughed at the idea of capitalism without a strong state," despite what modern day libertarians would have you believe.
"Any society that needs infrastructure more complicated than that built by hunter-gatherers will need public involvement, whatever "public" means in that particular society... The best we can do is explicitly choose what we want regulation and public investment to accomplish, and focus our rules and our public investments on those goals. The minimal state is not an option and never has been."
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