The head of a leading environmental group recently defended job losses from the Obama administration's new anti-carbon regulations as "collateral damage" in the fight against global warming. Joseph Schumpeter must be turning over in his grave.
Writing in the Huffington Post, William Becker of the Climate Action Project praised the new Environmental Protection Agency regulations to stop climate change, and wrote that "there is nothing explicit in the (Obama) plan to mitigate or adapt to the economic disruption the clean energy transition will cause for coal and oil-country families."
These families thrown out of work, he said, are an "evolutionary step in technology and the economy" and a move toward "economic progress."
Read the full article at Investor's Business Daily.