Polya's 3 Laws of Economics mirror the 3 Laws of Thermodynamics of science and are (1) Price minus COP (Cost of Production) equals profit; (2) Deception about COP strives to a maximum; and (3) No work, price or profit on a dead planet. These fundamental laws help expose the resolute failure of neoliberal capitalism in relation to Carbon Debt, wealth inequality, massive tax evasion by multinational corporations, and horrendous avoidable deaths from poverty and pollution culminating in general ecocide, speciescide, climate genocide, omnicide and terracide (see Gideon Polya. “Polya's 3 Laws Of Economics Expose Deadly, Dishonest And Terminal Neoliberal Capitalism”, Countercurrents, 17 October, 2015: http://www.countercurrents.org/polya171015.htm ; article reproduced below ).
Gideon Polya on President Barack Obama ignoring horrendous US and global Carbon Debt in his final State of the Union speech (2016): “Analysis of President Barack Obama's final State of the Union address reveals massive lying by omission. Not mentioned by Obama are that so far during his presidency 12 million Americans have died preventably; 50,000 US veterans have suicided; Americans in poverty reached circa 15% of the population ; the US national debt reached nearly $19 trillion; the Carbon Debt of the US and the world reached $90 trillion and $360 trillion, respectively; the US finally used up its fair share of the world's Terminal Carbon Pollution Budget; the US violently invaded the territory of a record 7 countries; and 120 million people died avoidably world-wide from deprivation on Spaceship Earth with Obama in charge of the flight deck. Obama's speech was full of wonderful progressive rhetoric for a better America and was full of self-praise for his asserted achievements [1], but careful analysis reveals massive lying by omission, with Obama resolutely ignoring Elephant in the Room realities. The following analysis deals with elements of Obama's speech in order of delivery…
25. Obama on climate change: “When we lead nearly 200 nations to the most ambitious agreement in history to fight climate change, yes, that helps vulnerable countries, but it also protects our kids.” Reality: The weak, non-binding and dishonest Paris Climate Agreement will have delighted climate criminal and war criminal nations like Saudi Arabia, the US and US lackey Australia, but has betrayed our children, grandchildren, future generations, the Developing World, Humanity and the Biosphere – the target of plus 1.5 to plus 2 degrees C of warming is both unavoidable and catastrophic and key matters are non-binding. The Paris betrayal demands a peaceful, world-wide Climate Revolution involving Boycotts, Divestment and Sanctions (BDS) against all people, politicians, parties, companies, corporations and countries disproportionately involved in climate criminal and terracidal greenhouse gas (GHG) pollution. According to the BBC: “The measures in the agreement included: (1) To peak greenhouse gas emissions as soon as possible and achieve a balance between sources and sinks of greenhouse gases in the second half of this century. (2) To keep global temperature increase "well below" 2C (3.6F) and to pursue efforts to limit it to 1.5C. (3) To review progress every five years. (4) $100 billion a year in climate finance for developing countries by 2020, with a commitment to further finance in the future” [64]. The BBC pointed out that the temperature rise by 2100 would be 4.5C (if countries do not act), 3.6C (following current policies), or 2.7C (based on Paris pledges) i.e. that the Paris Climate Agreement had failed in its key objective of keeping a temperature rise to within 1.5C and 2C [64]. Further, last minute changes to the Draft Agreement under US pressure crucially changed “shall” (implying legal obligation) to “should” (implying merely suggested but non-binding action), thus enabling climate criminal countries like the US and its similarly high polluting, climate criminal First World lackeys, New Zealand, Canada and Australia, to evade their moral responsibilities [65]. The Paris Climate Agreement has been hailed as a breakthrough but in harsh reality is weak and non-binding with a lot of wriggle room for climate criminal politicians, corporations and countries [66]. Climate criminal Obama betrayed Humanity at Paris…
In stark contrast to Obama's optimism over the US economy and climate change, the Awful Truth is that the US national debt is now about $19 trillion or about $58,000 for every US citizen [73]. However it gets worse. Assuming the damage-related Carbon Price of $200 per tonne CO2-e estimated by Dr Chris Hope of 90-Nobel-Laureate Cambridge University [74], the US and the World have Carbon Debts of about $90 trillion and $360 trillion, respectively [75]. The Carbon Debt, that measures the cost of man-made climate change, will inescapably have to be paid by future generations [76-79]. Unfortunately, under Obama the US is one of the world's worst nations for annual per capita greenhouse gas (GHG) pollution and in 2015 finally used up its “fair share” of the world's Terminal Carbon Pollution Budget that cannot be exceeded if we are to have a 75% chance of avoiding a catastrophic plus 2 degree Centigrade temperature rise [20]” (Gideon Polya, “Massive Lying By Omission In Mendacious Obama's Final State Of The Union Address”, Countercurrents, 16 January, 2016: https://www.countercurrents.org/polya160116.htm ).
Gideon Polya (2019): "An International Monetary Fund (IMF) report on climate change mitigation advocates a Carbon Tax of $75 per ton of CO2 by 2030 that, if progressively implemented in the G20 countries alone, would prevent an estimated 4 million air pollution deaths by 2030. However the effective climate change denialist Coalition Government of Australia, a G20 country that is among world leaders in 15 areas of climate criminality, has flatly rejected a global Carbon Tax. If all G20 countries followed Australia’s rejection of a global Carbon Tax then they would be complicit in an unconscionable Climate Genocide and Climate Holocaust killing 4 million people over the next decade" (Gideon Polya, “Australia rejects IMF Carbon Tax & preventing 4 million pollution deaths by 2030”, Countercurrents, 15 October 2019: https://countercurrents.org/2019/10/australia-rejects-imf-carbon-tax-preventing-4-million-pollution-deaths-by-2030 ).