I don't usually think like this, but I started thinking like an economist today.
In the shower (naturally) I was thinking about global warming and the associated email scandal dubbed Climategate (which is a stupid name. [If you are interested in a very witty play, look for a copy of "Mastergate: A Play on Words." Even the title is a pun. It's brilliant]). Climategate, from my point of view, is irrelevant, because global warming is a proven fact. Maybe the source is natural, cyclical warming of the Earth and not man-made. I didn't give a shit (in the shower). I was thinking, "How can I make money off of global warming?"
I'm not sure why I thought of this, but I'm sure I'm not the first to think of it. There are plenty of sick bastards out there who capitalize on every disaster or catastrophe. Let's just make it a thought experiment.
How to make money off of global warming:
1. Fact- Sea levels will rise due to the polar ice caps melting.
Analysis- The future water shortage problem is fixed!
Solution- Invest in desalinization technology. If I can take all the extra water, pull out the salt, and sell it, I could be a rich man.
2. Fact- It's gonna get hotter.
Analysis- People need to cool off...
Solution- Swimming pools! Ok, admittedly I'm not as excited about this one. I'm trying, people.
3. Fact- Glacial retreat.
Analysis- More usable land in Greenland.
Solution- Northern Excursions Tourism, Ltd.
4. This might not make sense, but hear me out: FEMA sucks. That was proven. Apparently, the government (or the past administration) can't handle the logistics of disaster relief. Now, this might sound crazy, but what if disaster relief was subcontracted? What if there were government contracts to specialized, licensed companies to provide relief? Would it save taxpayers' money? I have no idea, but I think it might. It would only be in the interest of the company to maximize efficiency, while the government has, to my untrained eye, basically unlimited money (700 billion dollars for stimulus sort of came out of nowhere). So, given the capital and necessary legislation, I would start an international disaster relief organization. It fulfills a moral fuzzy feeling to boot.
Ok, I'm scaring myself. Forget everything you read.