“The true meaning of Thanksgiving is the triumph of Capitalism over the failure of Collectivism in all its forms.”
This time of the year, whether in good economic times or bad, is when Americans gather with their families and friends and enjoy a Thanksgiving meal together. It marks a remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make a new start in Plymouth, Massachusetts. What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America.
The English Puritans, who left Great Britain and sailed across the Atlantic on the Mayflower in 1620, were not only escaping from religious persecution in their homeland. They also wanted to turn their back on what they viewed as the materialistic and greedy corruption of the Old World.…
“The proposals offered thus far for adoption at the UN Paris conference to drastically reduce world GHGs and hydrocarbon use by 2050 are fatally flawed, unrealistic and impossible to achieve without destroying the world economy.”
[Editor note: The first part of this post ran yesterday at MasterResource.]
Policy prescriptions for drastically reducing carbon dioxide (CO2) emissions, to keep global temperatures from increasing by 2° or 3° Celsius (3.5 to 5.5° Fahrenheit), are based on unverified computer model projections, which are themselves based on the much-contested assumption that carbon dioxide now controls Earth’s climate.
Even if that assumption is correct, however, eliminating fossil fuels over the next 35 years would reduce world per capita GDP to only about 4% of what it is otherwise forecast to be, under a “business as usual” scenario.…
“The UN’s ‘Deep Decarbonization Pathways’ … will require a radical transformation of economic and energy systems by 2050, through massive declines in carbon intensity in all sectors. It is not about modest or incremental change [but] … major changes in every country’s energy and production systems, over both the mid-term and long-term.”
Radical Islamist terrorists just maimed and murdered hundreds of people in Paris, dozens more in Mali, still more in other nations. They promise more atrocities in the United States and around the globe.
Meanwhile some 40,000 bureaucrats, politicians, scientists, lobbyists, activists and journalists plan to enjoy five-star Parisian hotels and restaurants, while attending COP21, the twenty-first UN Climate Change Conference, from November 30 through December 11. Like President Obama, they insist that humanity faces no greater threat than climate change.…