Executive Editor JOEL KOTKIN on POLITICO regarding Copenhagen

“Copenhagen was always doomed by the opposition from China, India and Russia. It was always a rich man’s club — E.U., U.S. and Japan — and can only succeed by weakening those economies vis-à-vis the developing countries. In the U.S., U.K. and parts of Europe, the cap-and-trade system is being seen ... as a rigged game that hurts the middle and working classes, benefits Wall Street, expands the bureaucracy and may well do very little to clean up the environment. A new approach is needed that does not disadvantage the middle-income, private-sector constituencies that the administration seems ready to throw to the wolves.”

Joel on POLITICO