Capitalist democracies around the world should be very concerned about the level of socialism being discussed at the United Nations' climate change meeting in Bali.

Not only are international hands being extended to collect funds from countries like the United States in order to help poorer nations deal with a problem that might actually be disappearing since global temperatures peaked in 1998, but climate change is also being used as a means of stripping intellectual property rights from companies that have created new more eco-friendly energy technologies.

If such a power-grab for the so-called benefit of the downtrodden actually comes to pass, capitalism as we know it will cease to exist.

Think that might be a little alarmist? Feast your eyes on the following report from Bali by the Associated Press Wednesday under the headline "Poor Nations Demand Climate Technology" (emphasis added throughout): Read more

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