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Socialist Squad Members Demand SEC Implement ‘Climate Rule’

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For many years, socialists in the United States have attempted to use the “existential” threat of climate change as a Trojan horse to fundamentally transform the U.S. economy from a dynamic, free-market system to a centralized, redistributionist structure.

For example, in 2018, self-avowed socialist Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ed Markey (D-MA) introduced the Green New Deal, which they describe as “a jobs and justice-centered plan to decarbonize the U.S. economy within ten years. It is one of the only plans put forward which is actually in line with scientific consensus and the United Nations’ IPCC Report. The Green New Deal also focuses on creating the maximum amount of prosperity for working people and marginalized communities in the process.”

Never mind that AOC’s Green New Deal would completely bankrupt the country given its price tag of about $100 trillion. Or that it would undercut the very foundation of the U.S. economy. Or that it would incentivize millions of Americans to shed their jobs in place of a universal basic income for those “unwilling to work.” These are just petty details, or so they say.

Fortunately, Congress balked at the socialist scheme known as the Green New Deal. In fact, the Green New Deal was so radical and out of line with America’s values it was universally panned by members of both political parties.

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