The Groupthink Global Initiative By Alvaro Vargas Llosa

One would expect some diversity of opinion at a gathering of heads of government, CEOs and nonprofit organizations from different sides of the political spectrum. That was not the case at the Clinton Global Initiative meeting last week, devoted mostly to climate change. From the CEO of Duke Energy Corp. to the president of the Natural Resources Defense Council to Al Gore, everyone agreed on the need for draconian limits on carbon emissions worldwide. The proposals varied from taxes on a carbon "cap and trade" system, but the assumptions on which they were all basing them were the same -- and they seem somewhat premature. No one was too concerned with the costs that a blanket limit on emissions worldwide could inflict on millions of desperate people trying to pull themselves out of poverty.

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