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| Hot Stock! | |
Amidst much hysteria about AGW (Anthropogenic Global Warming for anyone who has
been locked in a fridge for the last few years), it's sometimes a good thing
to keep a cool head and look at it from the cold hard view of an entrepreneur.
Like Malcolm Talkbull for instance. Malcolm Talkbull acquired considerable capital over the years by buying and
selling stocks. And right now he's evaluating the future worth of a stock with
a ticker symbol of "AGW" - an influential little enterprise with heavy
dependencies on enviro-science, pseudo-scientific hysteria, and international
air-conditioning. And in fact, most canny politicians have to make a call about whether they will
adopt a short-term or long-term position on AGW. Right now it's trading higher
than ever, but what about the future? What if the hysterical cries of
'WE'RE ALL GONNA BURN!' don't eventuate? What if they do? Will the
share price go up or down? Should a politician use his political capital to
sell short or buy long on AGW? A politician can take the short term view - wring his hands about AGW and
scream for greater government intervention to create ineffective feel-good
measures like the ETS - or he can take a long term view and try to capitalize
on post-hysterical cynicism. Puerile taunts of 'I told you so, nah nah nah
nah nah nah' go a long way in our sophisticated Westminster system if they
are delivered with poise and self-confidence. Many in the Liberal party have taken a long term position. They intend to ride
out the hysteria, and be in a position to capitalize on the possible collapse
of AGW shares two elections from now. But party leaders can't wait that
long. Party leaders have short lives in the Westminster system. Malcolm
Talkbull is only looking to the next election. He has no choice but to jump
onto the AGW band-wagon and ride the stock through high and low. The current leadership tension in the Liberal party is not an ideological
difference, but just a tension between the positions of 'Party Leader' and
'Long Term Sitting Member'. Are the sea levels really rising or are we just witnessing a
Poseidon bubble?
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