Marx would have loved Kyoto

March 1, 2007

Free Market Foundation

In a 2002 letter, Canadian Prime Minister Stephen Harper described the Kyoto Protocol as a socialist scheme to suck money out of wealth-producing nations, and voiced his support for the campaign to block the job-killing, economy-destroying Kyoto accord, says Investor’s Business Daily (IBD).

Unfortunately, Harper’s fears have been proven right, says IBD:

Kyoto committed Canada to cutting emissions of greenhouse gases by 6 per cent from 1990 levels by 2012; emissions are about 35 per cent above the target and continue to rise.

The European Union, which made similar pledges, has failed to meet its targets; its CO2 emissions are rising twice as fast as those of the heretical United States since Kyoto.

The annual loss for the United States, according to the U.N.’s own figures, could be as high as 1.96 per cent of gross domestic product (GDP).

Today’s $1.3 trillion economy would take a $260 billion hit every year totalling more than $11 trillion by 2050.

Agreeing with Harper are 60 leading scientists who wrote him an open letter, published in the Canadian Financial Post, asking him to keep his pledge to review Canada’s commitment to the Kyoto Protocol, claiming the science it was based upon was faulty.

So in the absence of sound science and the presence of demonstrable economic harm, what is driving the global warmers with such passion? Simply a passion for global redistribution of power and wealth, a la Karl Marx, says IBD.

Source: Editorial, Marx Would Have Loved Kyoto, Investor’s Business Daily, February 13, 2007.

For text: http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=256176286615104

For more on Global Warming/Economics: http://eteam.ncpa.org/issues/?c=economics

For more on Global Warming: http://www.ncpa.org/sub/dpd/index.php?Article_Category=32

FMF Policy Bulletin/ 20 February 2007