Europe is creating and ingesting its own poison pill that will divert massive investments down an economic rabbit hole. The social fallout will never be attached to the root cause of their demise: mal-investment tied to baseless and anti-human policies.
Green New Deal
The war on CO2 in the name of global warming is the worst case of mass hysteria ever experienced on planet earth. The EU has declared that it will sink a cool one trillion euros into its member states to be ‘net-zero’ by 2050.
The Green agenda has taken on a life of its own and will not be stopped except by total defeat. The “ban cars from city centers” movement is now global in scope, including in American cities like San Francisco and Los Angeles.
Ireland is totally bought into global warming hysteria and Sustainable Development, and seeks an outright ban on cars that run on gas or diesel by outlawing registration on new purchases.
LA Mayor Eric Garcetti’s Green New Deal includes a tree-planting project to increase the size of the Urban Forest in order to mitigate global warming. This is like Nero playing the fiddle while Rome burned.
The Mayors of 80 major global cities declare undying support for Green New Deal ideology. Los Angeles mayor Eric Garcetti was elected Chairman of C40. The green insanity has infected Copenhagen, Sydney, Rio de Janeiro, New York, Philadelphia, Portland, Austin, London and Seattle among others.
If history is a guide, Los Angeles’ alternative energy program will be far from ‘low cost’ and will end up with irate customers, higher rates and energy outages that harm businesses.
Georgetown, Texas tried becoming a totally green city by running on 100% renewable energy. As energy prices quickly went through the roof, the city is in full retreat and left with a huge bill that it cannot pay.
Green Technocrats are demanding that global warming critics be silenced because they are exposing the total fraud being perpetrated on the world in order to promote Sustainable Development, aka Technocracy.
Seattle follows the lead from Los Angeles and New York to jump headlong into Green New Deal mania to replace Capitalism and Free Enterprise with Sustainable Development, aka Technocracy.