I don't think it is at all. It falls under the 'that which is seen' in Bastiat's original parable. > I grant it; I have not a word to say against it; you rea

I don't think it is at all. It falls under the 'that which is seen' in Bastiat's original parable. > I grant it; I have not a word to say against it; you reason justly. The glazier comes, performs his task, receives his six francs, rubs his hands, and, in his heart, blesses the careless child. All this is that which is seen. What Stross does not say is that because rising sea levels are good for the construction industry they are therefore good in general. That would be an example of the broken window fallacy. In most cases broken windows truly are good for glaziers, but that doesn't mean that we should break windows.