Prime Minister Boris Johnson has compared himself and President Joe Biden to wartime leaders Sir Winston Churchill and Franklin Delano Roosevelt. Speaking shortly after the 77th anniversary of the D-Day landings in Normandy, the commemoration of which was once again heavily disrupted by coronavirus restrictions, Prime Minister Johnson suggested that his meeting with the U.S. Democrat at the G7 summit in Cornwall is not unlike Churchill and Roosevelt meeting in 1941 to agree the Atlantic Charter. “In 1941, Churchill and Roosevelt faced the question of how the world could recover from the devastation of the Second World War which was then going on,” said Johnson, in a social media video overlayed with emotional piano music. “The world is a very different place in 2021, but the values we share are the same, and I’m pleased that today, with President Biden, we’ve agreed a new Atlantic Charter to address the greatest challenges of our time: building back better from the pandemic, defending our democracy, stopping climate change, and protecting our security,” declared the notionally right-wing Tory leader. Eighty years ago Churchill and Roosevelt stood together promising a better future. Today @POTUS Joe Biden and I do theRead more
The left-wing climate change activist group known as the Sunrise Movement tweeted its support for the Palestinians against Israel on Tuesday, as hundreds of rockets fired by Palestinian terrorists rained down on Israel’s major cities. The well-funded group, backed in part by left-wing billionaire George Soros, said nothing about Palestinian terror attacks on Israeli civilians, mob violence against Jews in Israel, or environmental damage caused by fires set by Palestinian incendiary balloons. Instead, the Sunrise Movement tweeted a thread declaring its “solidarity with Palestinians,” adding: “Climate justice cannot exist without collective liberation, and collective liberation is only reached when people are freed from colonial and imperial violence worldwide.” We’re in solidarity with Palestinians. Climate justice cannot exist without collective liberation, and collective liberation is only reached when people are freed from colonial and imperial violence worldwide. — Sunrise Movement (@sunrisemvmt) May 12, 2021 Our government must stop funding state-sponsored violence at home and globally. We have to ask ourselves: why does the administration give $1.3 billion more to the Israeli military than international climate programs?https://t.co/atc5r3QSJU — Sunrise Movement (@sunrisemvmt) May 12, 2021 The struggles Palestinians face are deeply tied to racial and housing justice,Read more
President Joe Biden’s American Jobs Plan, if enacted, would place the United States in “a race to the bottom of jobs and growth,” Rep. Kevin Brady (R-TX) said on Friday’s edition of SiriusXM’s Breitbart News Daily with host Alex Marlow, author of Breaking the News: Exposing the Establishment Media’s Hidden Deals and Secret Corruption. The proposal is marketed as an “infrastructure bill” by Democrats and left-wing news media in response to economic hardship blamed on the coronavirus outbreak. The White House’s “Fact Sheet” on the “American Jobs Plan” makes no mention of economic ruin wrought by government-driven lockdown and shutdown decrees. Brady, ranking member of the House Ways and Means Committee, said the American Jobs Plan will damage America’s international competitiveness — making it a less attractive home for business — through increasing corporate taxes. “This [bill] makes America one of the worst in competition, and is really a race to the bottom of jobs and growth,” he said. Brady added, “What [Joe Biden’s] proposing is to make America’s tax rate worse, making it worse than China’s and equal to Syria and France, not exactly the economic neighbors America deserves to be part of. We will be dead last inRead more
Bloomberg Opinion columnist David Fickling noted Wednesday that while China makes all sorts of grandiose promises about reaching “net zero” carbon emissions by 2060, it was the only major economic power in the world that increased pollution in 2020. That analysis came from a report by the International Energy Agency (IEA) released Tuesday, which found energy demand and “global energy-related CO2 emissions” went down across the world due to the coronavirus pandemic, “the largest annual percentage decline since World War II.” “Demand for fossil fuels was hardest hit in 2020 — especially oil, which plunged 8.6%, and coal, which dropped by 4%. Oil’s annual decline was its largest ever, accounting for more than half of the drop in global emissions,” the IEA reported. The exception was China, which significantly increased its annual CO2 emissions, by more than most other industrialized nations reduced them. China’s emissions surged by 7 percent in December 2020 after it became “the first major economy to emerge from the pandemic and lift restrictions.” Chinese emissions ran above 2019 levels from April onward, by an average of five percent each month. The IEA noted China is indisputably “the world’s largest CO2 emitter.” Fickling described this as aRead more
COVID has accelerated it, but it’s always been there: learn more about the distinct and undeniable anti-human agenda behind the NWO. Loading… The Anti-Human Agenda that underpins the NWO (New World Order) is moving sharply into view with the advent of the COVID scamdemic (Operation Coronavirus) and its experimental nano-infused mRNA tools of destruction they are calling “vaccines.” Underneath all the chaos is a coldly calculated and chilling plan which is an entirely anti-human agenda. I have alluded to this agenda before in my previous articles, such as in my 2015 article series “Everything is Fake” and in my 2016 article “The Synthetic Agenda: The Distorted Heart of the New World Order” where I outline the same basic concept, namely that our state of being and natural world is being attacked and usurped by a fake synthetic version of reality which seeks to overtake and supplant it. COVID has brought this anti-human agenda sharply into focus. Hat tip to David Icke for his recent video on this theme. Bill Gates: Leading the Charge Bill Gates has not only become the consummate NWO frontman but also has become a villain of cartoon-like proportions, with his finger inRead more
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There has been much discussion, as the economy begins to reopen, as to what the role of businesses under the “new normal” should be.
A recent article in Fortune magazine predicts the public will be more demanding of corporations to use their resources “for the benefit of society at large.”
An Ernst & Young report similarly notes there will be increased public pressure on companies “to proactively address societal challenges, from income inequality to climate change.”
Much of the corporate world has already shifted towards this “stakeholder capitalism” model. The pandemic has clearly accelerated the shift.
Seizing on this changing perception of the role of corporations, the Trudeau government is using its “Large Employer Emergency Financing Facility” program to browbeat businesses into declaring their support for “environmental sustainability and national climate goals” in order to access a bridge loan from the federal government and survive the lockdown-created recession.
Businesses shouldn’t just be doing business, apparently; it’s also their responsibility to support the federal government’s climate agenda.
The main problem with tasking corporations with addressing climate change — or for that matter income inequality, community development, or any other item on a long list of public issues — is that corporations already have an important responsibility.
Taking on additional ones will detract from the purpose for which they exist.
The real social responsibility of corporations was identified most famously by Milton Friedman 50 years ago in an essay in The New York Times Magazine, with the admirably succinct title: “The Social Responsibility of Business Is to Increase Its Profits.”
Nothing since has altered this fundamental responsibility of business. Corporations are still owned by shareholders. It is still the interests of those shareholders — and they are generally interested in maximizing profits — that corporations should serve.
There are also compelling practical reasons, which have only been strengthened by the current economic crisis, for businesses to be responsible for increasing profits rather than achieving collateral objectives.
With massive declines in employment and income in recent months, a speedy and robust economic recovery is urgently needed. The recovery must and will be led by private-sector hiring and capital investment, which are what enable productive activity.
But without profits, hiring and investment cannot be sustained. With the economy in its worst shape since the 1930s, profits are therefore now more important than ever. Corporations need to focus on their bottom lines.
If they are distracted by collateral activities like reversing climate change, the economic recovery will be weakened and delayed.
It is by pursuing profits that corporations ultimately benefit the wider society. Earning profits allows them to deliver financial returns to investors, productive jobs to workers, and goods and services that enrich consumers’ lives.
The Friedman doctrine on the responsibility of businesses was influenced by Adam Smith.
According to Smith, a person in a capitalist economy who puts his capital to work intending his own gain is “led by an invisible hand to promote an end which was no part of his intention … By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.”
By contrast, Smith continued, “I have never known much good done by those who affected to trade for the public good.”
The first part of Smith’s quote highlights the fact that corporations must do good in order to earn profits.
The idea that they should instead focus on “social” goals to achieve good mistakenly assumes that profit-maximizing corporations ordinarily are operated rapaciously, to the detriment of workers and consumers.
The reality is that competition renders any such abuse unsustainable and unprofitable. Businesses must deal fairly with both employees and customers or risk losing them to competing firms.
What of the firms that do affect to trade for the public good? The result of their efforts is often to waste resources.
People who run telecommunications companies, for instance, presumably are experts in telecommunications.
But there is no reason to suppose they have special knowledge about climate change, income inequality, community development, or any of the other issues activists might want them to address.
Holding corporations responsible for solving climate change is like hiring a plumber to complete your tax returns or an accountant to repair your sink. The task assigned does not match the skill or occupation.
Efforts and resources will be wasted — which is the last thing we should want when trying to recover from the worst economic downturn in generations.
Read more at Financial Post
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