Can you imagine China, Russia, or Iran spending trillions of dollars to remove any fraction of the carbon dioxide they’re pumping into the air?
When corporations — and people — misallocate capital, they tend to suffer. Of course, whether capital is misallocated is sometimes only fully understood after the fullness of time.
The People’s Republic of China is rapidly modernizing its military, expanding its fleet, and building up its nuclear arsenal. China has also embarked on a costly effort to ensure its energy resilience by reducing its reliance on imported oil while cloaking the initiative as somehow being green — a mere talking point to assuage Western elites.
It wasn’t always such in China, where for decades, first under Deng Xiaoping and then Jiang Zemin, Chinese applied capitalist-mercantilist economic reforms culminating in China’s accession to the World Trade Organization in 2001. China appeared to […]
Read the Whole Article From the Source: thefederalist.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
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