The great global climate con

India must eschew the global climate deal that was recently proposed in Durban as it will infringe on the economic freedom of Indians. The proposal seeks to raise money for a global climate fund by setting up an international license-raj for industries and imposing shipping and carbon taxes. The taxes and fees will result in the transfer of wealth from India and China to the West as the two countries will contribute the most to global economic activity in coming years.

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