Deconstructing the green new deal – the daily coin 935 gas block

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So far so good. While we don’t think 10 years is anywhere close to a workable time frame — it’s much too fast to get to ‘net zero’ emissions (meaning planes and cows are still emitting, for example, but new farming practices are absorbing an equal amount) — we completely agree with the idea that it’s so late in the game that we need something like the electricity magnetism and light mass mobilization of effort seen in WW II. Only it might need to be that large, plus an Apollo mission, and a Manhattan project in order to succeed.

In (A) it’s not clear what a ‘just and fair transition’ means for all communities and workers. There will be winners and losers as there are in any massive economic transformation. Some jobs won’t make sense in an energy-transformed future, and neither will some far-flung communities. This sort of vagueness of meaning, let alone intent, makes the proposal hard to assess in terms of cost, scalability or political feasibility.

Section (B) leaves us really scratching our heads as we’re a big believer in jobs but we’re really not fans of the idea of government providing make-work just for the sake of keeping people busy electricity font. And we’re definitely opposed to the concept of “giveaway money” aka Universal Basic Income. As the accompanying fact sheet says, part of the envisioned deal is to provide “economic security for all who are unable or unwilling to work.” The emphasis is mine, but the idea of providing economic security for those unwilling to work strikes us as a particularly bad idea. Of course, we’re against corporate handouts and bank bailouts, too.

In (C), above, we at Peak Prosperity are in strong agreement with the principle of investing in infrastructure, as well as sustainably meeting the challenges of the 21 st century. But lacking any more detail than that, there’s not much more to say besides “we think we support this!” But p gasket 300tdi we’re not actually sure. Also, it’s not really the “duty” of the federal government to invest in industry, as that’s really not its strong point.

MMT assumes that money is the real gas south substance around which everything else revolves. We hold an exactly backwards view from that. In our view, money is just a claim, a marker. What’s real is everything else — everything that money is a claim on (ore, timber, soil, livestock, etc). You can’t instantly conjure more of this stuff into existence, no matter how many new dollars you print.

But the biggest challenge of them all is weaning off of fossil fuels. That’s going to be many trillions if not tens of trillions of dollars. This includes abandoning stranded investments, taking their value down to $0 (the list includes every oil drill rig, all electricity vocabulary words vehicles with internal combustion engines, exurbs that no longer make sense) and it includes rebuilding/replacing everything that currently uses or runs on fossil fuels – which is pretty much everything. Literally, just everything in your life is powered by, transported by and/or manufactured from fossil fuels.

The sun doesn’t always shine, the wind doesn’t always blow, we don’t have the requisite grid-scale battery storage even close to worked out, dams have other claims on when and how their water is released that are equally compelling, wind towers kill enormous numbers of large birds and bats, solar panels create enormous amounts of waste at both ends of their life cycle, and on and on.

The US had its wake-up call back in the 1970’s when then-President Jimmy Carter laid down a reasonable set of intelligent responses that we’d have done well to heed and implement. But we didn’t. Instead the business-as-usual crowd won out and many decades were frittered away, while we continued the build-out of unsustainable living and 101 gas station working arrangements that will be hideously expensive to retrofit or replace.