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Richard3678's avatar

The great strength of libertarianism is that it doesn't require us to claim certainty about the future.

Perhaps climate risks are greater than expected. Perhaps they're smaller. Perhaps technology will evolve faster than anyone predicts.

The point is that governments don't know either.

Yet Australia is undertaking one of the largest economic restructures in its history based on supposed certainty on the theory of climate change and accordingly politicians deciding which technologies should win decades from now.

History suggests governments are remarkably poor at making those decisions.

Today we're already seeing the consequences:

• Electricity prices have soared.

• Productivity has declined.

• Manufacturing competitiveness has weakened.

• Households and businesses are struggling with rising energy costs.

None of this proves climate science wrong.

It demonstrates something far more important:

Central planning carries enormous risks when governments try to redesign entire economies.

Markets, by contrast, adapt continuously. Millions of individuals, investors and businesses respond to new information every day. Governments tend to lock in yesterday's assumptions with tomorrow's taxpayers' money.

That is why Libertarians support:

• Technology neutrality.

• No subsidies.

• No mandates.

• No bans.

• No politicians picking winners and losers.

If nuclear proves best, let it compete.

If solar proves cheapest, let it compete.

If a technology not yet invented becomes superior, let it compete too.

The market is a far better discovery process than political planning.

Australia doesn't need politicians pretending they can predict the next 30 years.

It needs the humility to admit they can't—and the freedom to let innovation, competition and consumer choice determine our energy future.

Measure twice. Cut once. Then let the market work.

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