During the recent presidential debate Vice President Joe Biden inadvertently spoke the truth about the commitment of the Democratic Party to “phase out” oil and replace it with renewable energies eliminating fracking in the process. Donald Trump immediately seized upon it, “Basically what he is saying is he is going to destroy the oil industry.” “Will you remember that Texas? Pennsylvania? Oklahoma? Ohio?”
Trying to clean up the fracking mess he just created, Biden recited the Democratic Party’s poetry of dreams, “They’re not going to lose their jobs, and besides, they’re gonna – there’s a lot more jobs that are going to be created in other alternatives,” unaware of prose of reality.
The prose of reality was eloquently observed by American historian, Ralph Raico, “The audacity of the Marxists’ dream was matched only by the depth of their economic ignorance.”
It may come as a surprise to Biden and his economically ignorant supporters that job creation is not the purpose of capitalism per se. The purpose of the capitalist economy is to create wealth. Employment and the subsequent distribution of the spoils of an economy are by-products of capitalism and come about as an economic necessity.
The Green New Deal is not new and is not a deal.
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