Bootleggers & Baptists: How Economic Forces And Moral Persuasion Interact to Shape Regulatory Politics (2014)

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The Rocky Road to Climate Change Legislation Environmental regulation provides a rich vein of gold for Bootleggers and Baptists to mine.1 Fervent environmentalists make good Baptists.2 In their view, uncaring polluters are willing to trade the last landscape for another shot of positive cash flow. To prevent such rampant greed, public-spirited defenders of the Earth must expand and enforce environmental laws to punish firms that put private profit over the public interest. Then there are the Boo...tleggers, industrialists who prefer polluter profits to no profit at all. Just the right form of government regulation can be a dream come true for profit-loving Bootleggers. Although perhaps never fully comfortable in a room of self-righteous Baptists, Bootleggers still welcome their religious counterparts when pious pleading can be parlayed into persistent profits.
    This chapter focuses on a specific episode of this common phenomenon: climate change regulation inspired by the 1997 Kyoto Protocol.


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