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Economy: The 16,000 delegates to the two-week-long orgy of self-flagellation known as the Copenhagen Climate Conference want to shrink global output of CO2 not because of hard science, but out of envy.
Having decisively lost the great debate between capitalism and socialism, the only way the global warming socialists can do this is by imposing restrictions on U.S. output in response to the ginned-up "emergency" of global warming.
The dynamics of this can be readily seen in the chart (above right). It shows that, contrary to what you might have heard, America's share of the world economy has remained remarkably stable over 40 years. The same can't be said for the European Union's.
As recently as 2000, in its Lisbon Declaration, the EU asserted it would "leapfrog" the U.S. in productivity and output by 2010. By the time of its midterm review in 2005, however, the chest-thumping was over. It was clear the EU wasn't "leapfrogging" the U.S. — or even staying up with it.
Instead, its share of world output was falling at an even faster rate...
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