Stabroek: Last week’s column noted that the unprecedented and spectacular growth of the global carbon market in the space of a few years makes it one of the most dazzling symbols of the awesome power of market expansion contained in globalization. However, like its counterparts in financial, credit, and money markets, there are deep flaws embedded in the carbon market. As a result these threaten market rupture/failure, which could in turn provoke a crisis of such enormity as to put at risk the very …