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AuH20
12-27-2018, 10:36 AM
This one dwarfs the original, in terms of sheer audacity.

https://www.vox.com/energy-and-environment/2018/12/21/18144138/green-new-deal-alexandria-ocasio-cortez

The three core principles of the GND: decarbonization, jobs, and justice
I asked the same question of everyone I talked to: What are your bottom lines? What must be in a policy platform for it to earn the name GND? Answers varied considerably in their details and emphasis, but they clustered around three basic principles.

1) The plan must decarbonize the economy.

The young people who will have to live with the effects of climate change want a plan that begins with what is necessary rather than what is deemed politically possible. “We want the policy to match the findings in the IPCC report — to match the scale of the problem,” says Waleed Shahid of Justice Democrats. Or as Gunn-Wright puts it, “We need to go all the way.”

That means decarbonizing the US economy: getting the electricity sector to zero carbon as soon as possible and other sectors shortly thereafter. That is a gargantuan undertaking that will touch every American life.

Ocasio-Cortez’s platform calls for 100 percent renewable electricity within 10 years, but very few policy experts believe that is possible. Carlock, along with most other wonks in the field, thinks it’s preferable to shoot for 100 percent “clean and renewable energy,” to make room for non-renewable carbon-free options like existing nuclear plants or any new developments in nuclear, biomass, or carbon capture and sequestration. And they also think it’s best to push the target out a bit. (Carlock has it at 2035.)

Other energy applications will be even more challenging than electricity. Decarbonizing transportation will involve radically accelerating the spread of electric vehicles, possibly by banning gasoline and diesel vehicle sales by 2030, and figuring out what to do with aviation and heavy transport.

Buildings produce about 40 percent of annual US carbon emissions. Decarbonizing buildings will involve implementing zero-carbon standards for all new buildings and funding the wholesale retrofitting of existing buildings, millions of which use fossil fuels like natural gas for heating and cooling.

Then there’s heavy industry, where decarbonization remains something of a mystery, the work barely begun.

And on and on. Ocasio-Cortez’s plan actually calls for decarbonizing not just electricity but the entire US economy in 10 years, which is almost certainly impossible absent radical reductions in Americans’ energy consumption, something like imposed austerity — and nobody thinks Americans are that scared of climate change. Even decarbonizing the economy by 2050, as Carlock’s report calls for, is an extraordinarily daunting challenge, involving hundreds of discrete policy problems, each facing their own dilemmas and entrenched interests.

(2) The plan must include a federal jobs guarantee and large-scale public investments.

Again, the GND is not just climate policy. It’s about transforming the economy, lifting the up the poor and middle class, and creating a more muscular, active public sector.

The GND “opens an opportunity to renegotiate power relationships between the public sector, the private sector, and the people,” says Gunn-Wright. “We are interested in solutions that create more democratic structures in our economy.”

Weber says that the key is to “connect [the GND] inextricably to the economic pain that so many Americans still feel, and show people that there’s a way to build a better economy and improve their lives through action on climate change.”

To that end, the GND would involve large-scale investments, on the order of trillions of dollars over 10 years, alongside a federal jobs guarantee. A job paying at least $15 an hour, with good benefits, would be available to anyone who wanted one.

Politically, this is the key to the GND. It’s a program that can involve everyone and help everyone — and, theoretically, gain support from everyone, even those in red states who do not care about climate change. The investments and the job guarantee take the GND out of the realm of environmental policy and move it into the realm of transformational economic policy.

But policy-wise, this is also, in many ways, the least cooked piece. The federal job guarantee has substantial support among wonks (here’s an argument in favor from scholars at the Levy Economics Institute), but also a good bit of opposition. (Matt Bruenig runs through some of the objections; Josh Bivens of the Economic Policy Institute argues for other ways of reaching full employment.)

The way to think about the basic problem is: You’re attempting to train and employ everyone who happens to want a job at the moment — a constantly fluctuating flow of people with differing skills, who will need jobs for differing periods of time. You’re trying to provide those jobs through a massive program of investments. But what sorts of investments provide work for a job force of perpetually shifting skills and composition? Specifically, what subset of those investments are both “green” and suitable for a morphing, countercyclical job force?

It’s not as easy to spend money and employ people as it might seem. Carlock has numerous investment ideas in his report (stuff like brownfield restoration and tree-planting), but even if enough ideas can be found, administration, which would be spread out in state offices and community centers across the country, remains daunting.

“The idea that thousands of administrations across the country will be able to usefully employ random flows of labor with random sets of skills in random durations is fairly implausible,” argues Bruenig.

Gunn-Wright notes that there are many paths to a jobs guarantee, some incremental. Both the jobs and investment pieces could be phased in, expanded through testing and experimentation. “Pilot and scale,” Carlock says.

Still, at the very least, there’s a good bit of policy work ahead for this (politically central) element of the plan to become practicable legislation.

(3) The plan must include a just transition.

Several people I talked to stressed that they want to avoid the mistakes of the original New Deal, many elements of which entrenched or exacerbated racial inequalities. Everyone wants to make sure that the plan includes protections for those hardest hit by historical discrimination and those set to suffer most from the effects of climate change — in Ocasio-Cortez’s document, “low-income communities, communities of color, indigenous communities, [and] the front-line communities most affected by climate change, pollution, and other environmental harm.”

Part of that is workforce training and the job guarantee, part of it is ensuring that all those jobs come with strong labor, environmental, and nondiscrimination standards, part of it is investments in those communities to fund programs like lead remediation, and part of it is making sure that all the investments — that all parts of the GND — follow strong environmental-justice standards.

Beyond these three core principles, the GND is still capacious enough to include a wide variety of preferences and perspectives. Journalist Aronoff best expresses the maximum, self-avowedly socialist version, painting an idyllic picture of a family provisioned with publicly funded work, child care benefits, and elder care. The Sierra Club has a somewhat more modest version.

As the GND brand spreads, traditional advocacy and policy groups are likely to break off more manageable chunks under the same rubric. After all, the GND is so sweeping that virtually any climate policy can claim to be part of it.

The delicate dance is to keep the GND fuzzy enough to allow a broad coalition of people and interests to see themselves in it — which is, somewhat miraculously, what seems to have happened so far — while specifying it enough to avoid having it watered down into a feel-good buzzword.

And that has to be done while navigating all the prodigious challenges ahead.

AuH20
12-27-2018, 10:41 AM
Many rosy assumptions made.....


The fourth, and boldest, is to reject the question entirely.

There is great enthusiasm on the left right now for Modern Monetary Theory and related ideas and scholars. (Vox’s Dylan Matthews wrote a great explainer on Modern Monetary Theory a few years ago, and another more recently about Bernie Sanders’s adoption of the idea.) The core ideas are fairly simple.

If the question is what the US can afford to invest, the way to think about it is not in terms of how much money the country has. It literally has as much money as it wants. It prints its own money! (The US has a “fiat currency,” in the lingo.)

The US government can spend all the money it wants. What ultimately sets the limits on America’s ability to invest are its resources. It has so much labor potential, so much natural resources, so much manufacturing capacity, etc. By paying for stuff, injecting money into the economy, the government puts those resources to work.

If the economy overheats, one or more of those resources nears its limits, scarcity drives prices up and inflation ensues. To stop short of that, the government can pull some money out, by scaling back programs or raising taxes. Taxes are simply a way of extracting money from the economy.

Stony Brook University professor Stephanie Kelton (a Modern Monetary Theory guru, Sanders adviser, and likely GND adviser in some capacity, at some point) calls it an economy’s natural speed limit. As long as the economy stays under that limit and avoids inflation, the government can spend more money. A deficit isn’t a bad thing, it’s just a foot on the accelerator.

The notion of balanced federal budgets — which Democrats adopted as their own under Obama through the absurd “PayGo” rules, and look likely to adopt again next session — amounts, Kelton says, to a promise: “I’m going to take a dollar out of the economy, usually in taxes, for every dollar I plan to put in.”

But why would you do that? Why would you slow the economy a bit for every bit you boosted it?

“If the deficit has to be 4.7 percent of GDP to create the economy we want, with full employment, low inflation, and poverty going down,” she says, “who cares? If we can create the economy we want with a deficit of 2.1 percent, that’s fine too. The budget outcome isn’t the thing that matters, it’s the real economic conditions.”

Anti Federalist
12-27-2018, 10:59 AM
Good.

Let it blow up so we can break away.

And this insanity will blow it up, make no mistake.

Warlord
12-27-2018, 11:01 AM
I'm with AF, let it blow up!

Ender
12-27-2018, 11:41 AM
I'm with AF, let it blow up!

Agree with both of you.