Identify Any Fallacies in the Following Passage Either by Naming

question 152

Essay

Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
"The second group that has latched on to the environmentalist movement... wants to preserve the earth at all costs, even if it means that much of the Third World will be forever condemned to poverty. Rather than elevate the Third World, they want to move us closer to Third World conditions. That's somehow cleaner, purer. It's the way things were before Western white people came along and terrorized the earth by inventing things. They want to roll us back, maybe not to the Stone Age, but at least to the horse and-buggy era."
-Rush Limbaugh

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Definitions:

Unrealized Gain

Profit that has been achieved on paper due to an increase in the value of an investment but has not yet been realized through a sale.

Trading Investment

A trading investment refers to securities bought and held primarily for selling them in the near term with the aim of profiting from short-term price fluctuations.

Realized Gain

A profit that results from selling an asset at a higher price than its purchase cost, officially recognized when the asset is sold.

Fair Value

The estimated price at which an asset could be bought or sold in a current transaction between willing parties, other than in a liquidation.