wealth

If a quest to address income inequality compromises the conditions necessary for prosperity, we might once again find ourselves all equally poor.

A few days ago, it was my pleasure to spend two hours listening to the ideas and concerns of a well-educated and politically informed – dare I say socially privileged – self-described socialist.

We are just now entering the age of industrialization, newly elected President Rodrigo Duterte said recently, explaining why the Philippines will not ratify the Paris climate accords. “Now that we’re developing, you will impose a limit? That’s absurd. It’s being imposed upon us by the industrialized countries. They think they can dictate our destiny.”

Dangerous manmade global cooling, global warming, climate change and extreme weather claims continue to justify what has become a $1.5-trillion-per-year industry: tens of billions spent annually on one-sided research and hundreds of billions sent to crony corporatists to subsidize replacing dependable, affordable carbon-based fuels with unreliable, expensive “renewable” energy.