More Nonsense on Inexhaustible Resources from The Wall Street Journal

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More Nonsense on Inexhaustible Resources from The Wall Street Journal

Over the years – even over the decades, long before it was absorbed into the Murdoch Empire – the inimitable Wall Street Journal has been a reliable source of baloney on the subject of prospects for infinite growth on a finite planet. So much so, one might be mistaken for thinking it is a slaughterhouse or butcher shop rather than a high-circulation newspaper read by Important People whose decisions, prejudices, blind spots, and whims affect your life and mine.

One of the latest illustrations of its penchant for pap is an April 25, 2014 essay by Matt Ridley entitled “The World’s Resources Aren’t Running Out.” Ridley is a British science writer, businessman, climate change contrarian (or denier) and Conservative Member of the House of Lords. Unsurprisingly, he is also the 2012 winner of the Julian L. Simon Memorial Award, issued annually since 2001 by the free market-oriented Competitive Enterprise Institute. The first winner of the Simon Award was Stephen Moore, formerly of the Cato Institute, a co-founder and president of the Club for Growth, and an editorial board member of the Wall Street Journal.

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