Dr. Krauthammer will see you now:
In the 1970s and early ’80s, having seized control of the U.N. apparatus (by power of numbers), Third World countries decided to cash in. OPEC was pulling off the greatest wealth transfer from rich to poor in history. Why not them? So in grand U.N. declarations and conferences, they began calling for a “New International Economic Order.” The NIEO’s essential demand was simple: to transfer fantastic chunks of wealth from the industrialized West to the Third World.
On what grounds? In the name of equality — wealth redistribution via global socialism — with a dose of post-colonial reparations thrown in.
The idea of essentially taxing hard-working citizens of the democracies in order to fill the treasuries of Third World kleptocracies went nowhere, thanks mainly to Ronald Reagan and Margaret Thatcher (and the debt crisis of the early ’80s). They put a stake through the enterprise.
#But such dreams never die. The raid on the Western treasuries is on again, but today with a new rationale to fit current ideological fashion. With socialism dead, the gigantic heist is now proposed as a sacred service of the newest religion: environmentalism. . . .
Politically it’s an idea of genius, engaging at once every left-wing erogenous zone: rich man’s guilt, post-colonial guilt, environmental guilt. But the idea of shaking down the industrial democracies in the name of the environment thrives not just in the refined internationalist precincts of Copenhagen. It thrives on the national scale, too.
The rest here.