Wouldn’t have a thing to do with their idiotic cap and trade system, tho...
They acknowledge your point right here:
the more heavily regulated environment that is likely to follow can also be expected to have a permanent negative effect on potential growth, e.g. through reduced availability of capital for R&D and innovation activities.”
That nailed it and openly states that they understand it perfectly
The only clear motivation left is control
C&P is all about control
See tagline
This is PRECISELY due to TWO factors:
1) Socialism and its dual effects: the reduction of incentive for capitalists to create more wealth for themselves and their kin; and, high payouts to social welfare parasites and pensioners, especially government workers. This environment also inevitably results in a reduction of religious participation and lower birth rate.
2) Radical environmentalists and the crippling of the European economy via regulation and taxation.
Yes, Cap and Trade is part of this problem - and it is right now a very significant part.
When looking at those figures of lower growth by a percent or two, it is CRITICAL TO REALIZE that the difference between the standards of living of the United States and Africa is ONLY 1% PER YEAR DIFFERENCE IN GROWTH over the history of the United States. That 1% compounded over time creates a huge disparity, so be certain to take to heart that the lower growth rates mentioned in this article are meaningful.