This guy doesn’t understand. The idea is to reduce the standard of living in the developed world through extremely heavy regulation and regulation while raising the standard of living through wealth transfer to the developing world, ie, equalization of standards of living even if that means reverting to a standard of living far below what we have today. (of course, the world wide ruling elite necessary to administer this would require a somewhat higher standard of living to compensate for their efforts on the behalf of the people of the world.)
should be regulation and taxation.