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Paris Climate Change Talks Yield First Draft (theguardian.com)
An anonymous reader writes: Negotiators at the UN climate talks in Paris released a draft of an agreement to reduce greenhouse-gas emissions. No part of the draft has been finalized as many points remain in contention, particularly between developing countries and more wealthy nations. Laurence Tubiana, the French envoy for the talks, said: "We could have been better, we could have been worse. The job is not done, we need to apply all intelligence, energy, willingness to compromise and all efforts to come to agreement. Nothing is decided until everything is decided."
Nations that have debt have no wealth.
No, it doesn't work that way. While it is worth noting that there is a staggering amount of irresponsible and stupid borrowing at the level of the state, they are able to get away with that because of the wealth of the societies they represent and which they can tap. Even a country like Greece has considerable wealth left. And if they were to reform their governments and societies, that wealth would come forth.
What wealthy nations? All western governments are deep in debt..
One man is on the street and has nothing.
Another man lives in a house with a mortgage with negative equity and drives a car in which he is upside down on the loan.
Which one is poorer?
I'm not making a point, I think it is a legitimate question and the answer is not an easy one. But it certainly is relatable to nations and debt.
If you are not allowed to question your government then the government has answered your question.