World Perspectives

International Agency Capture; Running Out of Crap; Vilsack Shines

International Agency Capture Regulatory capture occurs when a policymaker or regulator is co-opted to serve the interests of a minor constituency. That capture has now occurred to two international agencies, the WTO and the IEA. The WTO is dysfunctional because it has been recast as a development agency rather than a promoter of increased global trade. The latest international body to be subjugated is the International Energy Agency. Instead of fostering energy security from all possible sources, it is singularly focused on championing renewables and climate action. It continues to predict the end to coal even as the fundamentals show that its use will only continue to rise.  Running Out of Crap The policy energy failure by Germany...

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