Auto production and light vehicles in China will exceed that of Europe this year. Jobs and pollution have gone to the emerging markets under the Kyoto Protocol and free trade that exempts the emerging market countries from having to do anything about global warming or other forms of pollution.
The efforts to reduce global warming gasses in the industrialized world under the Kyoto Protocol coupled with free trade has made the overall situation worse in the world because of the massive increase in greenhouse gasses in the emerging market countries and also their much higher birth rates.
The more we increase the cost of energy in the industrialized world the more overall pollution will rise in the world because people in the emerging markets who use very little carbon are now using much more carbon based fuels at work and for their own personal use.
Our leaders and all green groups seem blind to what's happened and what is happening every day now. In fact the greens protest all the time against the Keystone pipeline and against Canada for its development of shale oil and tar sands oil while they NEVER protest in front of the Chinese embassy or the Mexican embassy about the massive pollution in those two countries and the degradation of life itself from massive regular pollution plus global-warming gas pollution.
The emerging market countries have become our creditors and have run up gigantic trade surpluses with the U.S. due to many factors including unlimited capacity to pollute, very weak labor laws, child labor, close to slave labor in the North Korean special manufacturing zones that South Korean companies utilize, manipulated currencies, special rules for them under the WTO rules that allow them to control investments in their countries and percentage ownership by outsiders and to block our products while we cannot easily block their products.
Other than that, we have a perfect Free Trade regime with the emerging market countries. You have to wonder why our political masters here and in Europe have gone along with the present system and why the labor unions, environmental groups and academia have not complained much about the system either.