Rafa has brought my attention to this text:
If this research succeeds then a discussion of whether a given financial instrument should be allowed or how it should be regulated should not be a matter of opinion or ideology. It should be based on detailed modeling and data taken from real world experiment and treated with the scrutiny brought to the introduction of a new airplane.Wow. This is just stunning. Make no mistake about it. People like Mr Lee Smolin, a hippie who is known by every physicist to be a crackpot, claim to own "models" that will "objectively" decide whether a financial instrument should be allowed. Opinions - except for theirs - will become obsolete. A new IPCC-like body is supposed to run these "models" and tell everyone what to do. I am simply speechless.
In the longterm, there needs to be an independent, non-partisan methodology for economic and financial modeling which involves globally agreed upon standards, as in the world of climate modeling. As in that world, one can imagine an international commission of economic scientists who develop, test and benchmark economic models against each other, and against past data, so that there is a reliable understanding of what the best models are and how reliable they are for studying different kinds of problems and predicting the impacts of proposed new economic and financial regulation. This will allow new proposals for innovative financial instruments or changes in trading rules or accounting rules to be tested in an open environment using best practices to understand their results.
The IPCC has been one of the worst scandals in the history of the political manipulation of science. It is predominantly composed out of opportunists - who were attracted by an increasing funding of the pseudoscientific discipline of "climate change" - and by far-left political hacks who dream about abolishing the market economy and the industrial society in the world.
I refuse to accept that a few papers are in any way going to influence the long-term projections the IPCC has come up with.In other words, Pachauri is saying that he is and his comrades are fanatical blinded religious zealots who will pay no attention to any new evidence and who will allow no progress in science - just like the Inquisition did not - until someone will remove them. (Thanks, Willie.)
The IPCC is a body whose predictions have been universally falsified by the evidence (they predicted a huge warming in the last 10 years, there's been no warming at all), an institution that has played a key role in developing the tumor in the society that has swallowed roughly 2% of the world's economy it covers by this moment. They have planned the prices of the carbon indulgences but these prices unexpectedly for them dropped by 3 orders of magnitude at some moment. These people are dangerous imbeciles. Make no mistake about it: the IPCC is a gigantic piece of collective biological waste, a group of power-thirsty sub-par pseudoscientists, and the main exponents of this organization should be put in jail.
And now, you have four self-confident revolutionaries - one of them has been unable to learn the undergraduate quantum mechanics for 55 years even though he's been paid as a physicist - who claim to have everything they need to control not the 2% of the world's economy, like the IPCC, but 100% of the world's economy, without paying any attention to the opinions of other people on this planet. I am telling you: it is impossible to control the world economy without paying attention to other people unless you want to become another group of dictators who are completely legitimate targets for assassination.
You're playing far too dangerous a game, Ladies and Gentlemen. It's a game about the very fate of democracy in this world. What I am amazed by is the breathtaking arrogance with which they use various words. For example, they think that their efforts are "non-partisan". If you're non-partisan, why are you proposing plans about the central regulation of the world that would make even Karl Marx's dreams look like modest centrist policies in comparison? Why are so many of you hippies all the time?
The recent financial turmoil was partly caused by overly self-confident "intellectuals"employed as traders and bankers who thought that they could predict anything just because they were "intellectuals" who could use "computer models", but in reality, they were not even able to reproduce basic common sense of ordinary traders because, as it turns out, being an "intellectual" actually isn't enough for being any good. At this moment, I would expect these people to ask their parents or wives for a proper spank rather than trying to inflate their crazy desire to control the world to unprecedented proportions.