This year marks the twenty-fifth anniversary of the United Nation’s Brundtland Report, which defined Sustainable Development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” But aristocratic socialists have corrupted the sustainable development movement into a vehicle to achieve vast administrative power for themselves. Nations that adopt Sustainable Development are doomed to fail at meeting the needs of the present generation and through debt accumulation from deficit spending will consign future generations to a life as debt slaves.
Through the early 1980s, socialist Latin American economies powered growth by quadrupling their indebtedness from $75 billion to $315 billion. With aristocrats controlling government, while the poor had no voice in these loan matters, nor did they benefit from them as most of the loan proceeds were siphoned off to benefit the aristocrats and their crony amigos.
When Ronald Reagan was elected President in 1980, the U.S. economy had suffered a decade of stagflation, turning our Midwest manufacturing base into the Rust Belt. Reagan was determined to regain international economic dominance by reasserting our Founding Father’s demand for limited government and maximum personal liberty.