“Social responsibility” activists want universities and pension funds to eliminate fossil fuel companies from their investment portfolios. They plan to spotlight their demands on “Global Divestment Day,” February 13-14. Their agenda is misguided, immoral, lethal … even racist.
More than seven billion people now populate Earth, including six billion who live in developing economies. After having already quadrupled in the past century, the world’s population could reach near 9 billion by 2050, according to projections by the United Nations. Half of that growth will come from Africa, which will increase its percentage of world population from 13 to 20 percent.
In a more rational, moral, compassionate, scientifically literate world, this Cornwall declaration would not be needed. It assesses the “far-reaching, costly policies” that the world’s governments are adopting, supposedly to prevent global warming and climate change. It calls on governments to focus instead on protecting the poor, who desperately need the affordable energy that those policies circumscribe.
President Obama’s speech yesterday on inequality is being lauded as one of the best of his life, by people who paid attention to it. It’s a sad speech to read, in some sense, since it contains within it the promise of a presidency that we never saw come to fruition – the sort of policy effort that might have been launched to bipartisan success in the first year of his presidency, instead of his effort on Obamacare.
The release of a supplemental poverty measure by the Census Bureau is being touted as the government is not doing enough to ameliorate poverty in the country… But the real problem is that the government is already doing too much.
The term “welfare state” does not begin to encompass the totality of America’s commitment of resources to aid the poor. It is more like a vast empire bigger than the entire budgets of almost every other country in the world.
[First posted at Forbes.] Steve Moore begins his brilliant new book, Who’s the Fairest of Them All? The Truth About Opportunity, Taxes and Wealth In America, quoting President Obama saying: We’ve sought[…]
[First posted at Forbes.] Stephen Moore and Julian L. Simon note in their underappreciated work, It’s Getting Better All the Time: 100 Greatest Trends of the Last 100 Years, that in[…]