(Great article, thanks to Kadira for the heads up!)
The Political Economics of Greenwashing
Green as a Blackjack Table
By STAN COX

Hard times are looming. And in their desperation to keep the American economy afloat, government and business will be tossing overboard any proposals for real environmental protection. No time for such romantic foolishness when there are investments to be protected. Get those tax refunds back into retailers' registers, quick!

Not that we won't be hearing about the environment; indeed, the next growth spurt, if it comes, is likely to be clothed in a green as green as the felt on a blackjack table.

Earlier this year, entrepreneur Eric Janszen declared in Harper’s magazine that the next bubble – alternative energy – had already been “branded”. His projection: the eventual creation of $20 trillion in fictitious, speculative wealth, “money that inevitably will be employed to increase share prices rather than to deliver ‘energy security.’" and that "when the bubble finally bursts, we will be left to mop up after yet another devastated industry.” [1] After that next big bust, not only alternative energy but a host of other "green" industries will be left in ruin.

As long as an investing class is allowed to make all major environmental decisions, no new sources of energy will actually replace even one barrel or ton of fossil fuel; rather, they will go to further parasitizing the planet in the cause of growth. The boosters of "green" capitalism have never even bothered to argue otherwise in any effective way.

LINK TO CON.