Investors Business Daily has a very good editorial and video posted at their website. The write up was done in response to an opinion piece in The New York Times by Arizona State University faculty fellow Edward Fong titled: The Climate Crisis? It’s Capitalism Stupid The editorial says in part:
Free market economies have become far less carbon intensive over time. Data from the United Nations show that the U.S. emitted 62% less carbon for each dollar of GDP produced in 2014 than it did in 1990. In Hong Kong, which is ranked as having the most free economy, its carbon intensity dropped by 58% over those years.
What about more socialist countries? Communist China emits 86% more CO2 per dollar of GDP than does the U.S.; Russia emits 50% more.
Worldwide, carbon intensity has steadily dropped since 1990. Those were years when free market capitalism was spreading, and the…
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