Thursday, July 12, 2007

Marginal Revolution: Markets in everything: driver's license points

Marginal Revolution: Markets in everything: driver's license points:

"It is the latest ruse on the roads of France: drivers are avoiding
disqualification by trading licence points on the internet. Complete strangers
are taking the rap for speeding offences in return for up to €1,500 (£1,000),
and police admit they are powerless to intervene. Even pensioners who have not
driven for many years are getting in on the act."


I think this is a stab at the carbon trading system that is being discussed as a way of reducing green house gases. While I am not sure I agree with the message that they are attempting to put forward, it does highlight one of the weaknesses of the idea. How you do regulate all this trade, who gets credits and how are they assigned.

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