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The economic argument behind the Green New Deal
https://www.technologyreview.com/s/613341/the-economic-argument-behind-the-green-new-deal/The economic argument behind the Green New Deal
Economist Mariana Mazzucato explains how rethinking industrial policy could be key to tackling climate change.
by David Rotman | Apr 24
The Green New Deal proposed by Representative Alexandria Ocasio-Cortez and other progressives has dramatically changed the US debate on climate change. It calls for decisive and deliberate public investments to tackle climate change and other social challenges, particularly inequality.
…
Why reference the New Deal pushed by President Roosevelt to get us out of the Great Depression?
There are two bits to the Green New Deal. One is the direction-setting that Roosevelt provided in getting new projects and infrastructure off the ground. This is where it is important to move away from a sectoral approach toward an economy-wide transformation. Another important part regards the word “deal,” or a new social contract between government, business, and citizens.
The greater the degree to which the Green New Deal can become a conversation about the direction of investment and innovation, but also the distribution of the rewards from a new public- private partnership, the more interesting it will be. What is the deal we want with these companies? What are the conditions we should be attaching?
…
Economist Mariana Mazzucato explains how rethinking industrial policy could be key to tackling climate change.
by David Rotman | Apr 24
The Green New Deal proposed by Representative Alexandria Ocasio-Cortez and other progressives has dramatically changed the US debate on climate change. It calls for decisive and deliberate public investments to tackle climate change and other social challenges, particularly inequality.
…
Why reference the New Deal pushed by President Roosevelt to get us out of the Great Depression?
There are two bits to the Green New Deal. One is the direction-setting that Roosevelt provided in getting new projects and infrastructure off the ground. This is where it is important to move away from a sectoral approach toward an economy-wide transformation. Another important part regards the word “deal,” or a new social contract between government, business, and citizens.
The greater the degree to which the Green New Deal can become a conversation about the direction of investment and innovation, but also the distribution of the rewards from a new public- private partnership, the more interesting it will be. What is the deal we want with these companies? What are the conditions we should be attaching?
…
