Shut down the Developed Nations, transfer our Wealth and Technology to the Developing Nations
We are entreated daily that the West must cut its industrial base because the planet is in danger from our CO2 emissions and our politicians happily fall into line to impose draconian energy taxes. There is somewhat of a disconnect when we read that industrialisation is proceeding apace in developing nations, with money from the industrialised nations. The announcement from Fiat, Italy, is another example of global corporations moving their operations to the developing world where they can emit to their heart’s content without penalty and get paid by us for doing so, with money we give to the UN for “development”.
“Fiat announced this week that it plans to invest 3 billion Real (approx. 1.7 billion USD) to build a second plant in Brazil, the carmaker’s No. 2 market after its native Italy.” (more…)