green new deal

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pages: 327 words: 84,627

The Green New Deal: Why the Fossil Fuel Civilization Will Collapse by 2028, and the Bold Economic Plan to Save Life on Earth by Jeremy Rifkin

"World Economic Forum" Davos, 1919 Motor Transport Corps convoy, 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, American Society of Civil Engineers: Report Card, autonomous vehicles, Bernie Sanders, Big Tech, bike sharing, blockchain, book value, borderless world, business cycle, business process, carbon footprint, carbon tax, circular economy, collective bargaining, corporate governance, corporate social responsibility, creative destruction, decarbonisation, digital rights, do well by doing good, electricity market, en.wikipedia.org, energy transition, failed state, general purpose technology, ghettoisation, green new deal, Greta Thunberg, high-speed rail, hydrogen economy, impact investing, information asymmetry, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invisible hand, it's over 9,000, Joseph Schumpeter, means of production, megacity, megaproject, military-industrial complex, Network effects, new economy, off grid, off-the-grid, oil shale / tar sands, peak oil, planetary scale, prudent man rule, remunicipalization, renewable energy credits, rewilding, Ronald Reagan, shareholder value, sharing economy, Sidewalk Labs, Silicon Valley, Skype, smart cities, smart grid, sovereign wealth fund, Steven Levy, subprime mortgage crisis, the built environment, The Wealth of Nations by Adam Smith, Tim Cook: Apple, trade route, union organizing, urban planning, vertical integration, warehouse automation, women in the workforce, zero-sum game

See also electric vehicles Gabriel, Sigmar Garcetti, Eric Gates, Bill Geis, Aurora Gen Z general-purpose technology platform (society-wide infrastructure) German Alliance for Work and the Environment Germany Autobahn building retrofit project Christian Democratic Union (CDU) party and coal distributed nature of green energies in feed-in tariff for green electricity Green Party and peer assembly governance model presidency of Council of the European Union Social Democratic Party (SPD) GI Bill Giannakopoulou, Elena Gillibrand, Kirsten Global Covenant of Mayors for Climate & Energy global warming and agriculture sector and building sector and ICT/communication sector mandates and protocols public opinion on and transportation sector globalization glocalization Google Sidewalk Labs Gore, Al Grand Duchy of Luxembourg (Green New Deal roadmap) Great Depression Great Disruption consequences of and feed-in tariffs four phases of energy transition signs of transitional moment and 20–20–20 mandate (European Union) Great Recession Green Bank Act of 2014 Green Bank Design Summit (2019, Paris) green banks Green Corps Green New Deal building retrofits carbon-farming techniques carbon tax data centers electric vehicles and charging stations elimination of fossil fuel subsidies energy storage technology equitable tax laws European origins of 5G broadband global interconnectivity and transparency Internet of Things investment in Third Industrial Revolution infrastructure transition just transition funds labor movement microgrids military expenditures national green bank national smart power organic and ecological agricultural practices and peer assembly governance public lands research and development service programs smart Third Industrial Revolution business development and Sunrise Movement supply chain circularity processes twenty-three key initiatives of Green New Deal (cont’d) and US Green Party US resolution water, sewer, and drainage systems Green New Deal: A Progressive Vision for Environmental Sustainability and Economic Stability (Data for Progress report) Green New Deal: Joined-Up Policies to Solve the Triple Crunch of the Credit Crisis, Climate Change and High Oil Prices (Green New Deal Group declaration) Green New Deal for Europe: Towards Green Modernisation in the Face of Crisis (European Greens report) Green New Deal roadmaps Grand Duchy of Luxembourg Hauts-de-France (formerly Nord-Pas-de-Calais) Metropolitan Region of Rotterdam and The Hague San Antonio Green Party (Germany) Green Party (US) Greenhalgh, Paul greenhouse gas emissions Greens–European Free Alliance (Greens/EFA) Haier Group Hanergy hard-to-abate sectors Harris, Kamala Hauts-de-France (Green New Deal roadmap) Heinrich Böll Foundation Homestead Acts Homo urbanus Horgan, John Hoyer, Steny Hsiang, Solomon human consciousness Hurricane Sandy hybrid economic system (sharing economy and provider/user networks) ICT and telecommunications sector and antitrust laws data centers decoupling from fossil fuel industry 5G broadband and Green New Deal key initiatives and Green New Deal transition infrastructure internet companies projected greenhouse emissions from and Second Industrial Revolution smartphones and tablets and vertically scaled monopolies ideological consciousness infrastructure American Society of Civil Engineers (ASCE) report card costs of deteriorating and substandard definition of First Industrial Revolution fossil fuel general-purpose technology platform (society-wide infrastructure) Internet of Things nuclear energy payoffs for improvements to and spending on public-private partnerships and ownership of Second Industrial Revolution Third Industrial Revolution distributed infrastructure Third Industrial Revolution laterally scaled infrastructure Third Industrial Revolution open-source infrastructure Trump administration’s plan and wealth workforce World Economic Forum’s rankings and World War II See also investment in Third Industrial Revolution infrastructure transition infrastructure academies Infrastructure Corps Intel Intergovernmental Panel on Climate Change (IPCC) International Renewable Energy Agency (IRENA) International Trade Union Confederation (ITUC) internet.

Electric Power Research Institute (EPRI) electric vehicles autonomous (self-driving) electric vehicles charging stations for cost tipping point for and declining price of lithium batteries and employment and energy storage and government fuel economy standards and Green New Deal key initiatives investment in and Los Angeles’s Green New Deal and Mobility and Logistics Internet and peak oil consumption projected sales and sustainable community pilot projects tax incentives for electricity sector decoupling from fossil fuel industry and Great Disruption warning signs national smart grid See also coal; fossil fuel industry; natural gas; oil; solar and wind energy Employment Retirement Income Security Act (ERISA) EnBW Energy Performance Certificates (EPCs) energy service companies (ESCOs) business model and investment in Third Industrial Revolution infrastructure transition main feature of and peer assembly governance and performance contracting top ten ENIAC (first electronic computer) E.ON Eugster, Chris European Commission European Greens European Parliament European People’s Party–European Democrats (EPP–ED) European Union and building retrofits Central Bank climate-neutral 2050 game plan Committee of the Regions Energy Performance of Buildings Directive A Green New Deal (declaration) A Green New Deal for Europe (European Greens report) Green New Deal Group Green New Deal origins taxation in Third Industrial Revolution infrastructure in and Toward a Transatlantic Green New Deal (German Green Party manifesto) 20–20–20 mandate European United Left–Nordic Green Left (GUE–NGL) Exelon Utilities Facebook Farmers Insurance Group Federal Housing Administration (FHA) feed-in tariffs Fields, Mark financial sector Bank of America Bank of England and stranded assets See also investment; pension funds Financial Stability Board (FSB) First Industrial Revolution and building sector definition of and family and kinship and fossil fuels ideological consciousness of infrastructure of and Morrill Land-Grant Acts (1862) and railroads and wealth First Nations 5G broadband Internet Fleissig, Will Ford, Gerald Ford, Henry Ford Motor Company Ford Smart Mobility River Rouge plant (Detroit) and union membership Fortune 500 companies fossil fuel industry collapse of decoupling of building sector from decoupling of electricity sector from decoupling of ICT and telecommunications sector from decoupling of transportation sector from infrastructure post-tax subsidies for See also coal; natural gas; oil; stranded assets Franklin, Benjamin French Revolution Friedman, Milton fuel-cell vehicles.

While the ink was still drying on the new global warming mandates, the first buds of a Green New Deal movement appeared. Nine people, all of whom had been longtime climate campaigners, came together in the UK to create the Green New Deal Group.2 The group was eclectic, made up of individuals from a wide range of fields, including experts in energy, finance, journalism, and environmental science—just the kind of interdisciplinary collective needed to rethink the economic paradigm in a world facing climate change. In 2008, the Green New Deal Group issued a 48-page declaration titled A Green New Deal: Joined-Up Policies to Solve the Triple Crunch of the Credit Crisis, Climate Change and High Oil Prices.3 This plan encapsulated the central themes adopted that year around the newly mandated 20-20-20 formula and outlined the key building blocks and components of what would become a zero-carbon Third Industrial Revolution paradigm shift.


pages: 314 words: 88,524

American Marxism by Mark R. Levin

"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", 2021 United States Capitol attack, affirmative action, American ideology, belling the cat, Bernie Sanders, Big Tech, BIPOC, Black Lives Matter, British Empire, carbon tax, centre right, clean water, collective bargaining, colonial exploitation, conceptual framework, coronavirus, COVID-19, creative destruction, critical race theory, crony capitalism, data science, defund the police, degrowth, deindustrialization, deplatforming, disinformation, Donald Trump, energy security, Food sovereignty, George Floyd, green new deal, Herbert Marcuse, high-speed rail, illegal immigration, income inequality, liberal capitalism, lockdown, Mark Zuckerberg, means of production, Michael Shellenberger, microaggression, New Journalism, open borders, Parler "social media", planned obsolescence, rolling blackouts, Ronald Reagan, school choice, school vouchers, single-payer health, tech billionaire, the market place, urban sprawl, yellow journalism

Res. 109, 116th Cong. (2019–2020), https://www.congress.gov/bill/116th-congress/house-resolution/109 (April 10, 2021). 67 Milton Ezrati, “The Green New Deal and the Cost of Virtue,” Forbes, February 2, 2019, https://www.forbes.com/sites/miltonezrati/2019/02/19/the-green-new-deal-and-the-cost-of-virtue/?sh=6fe12ccd3dec (April 10, 2021). 68 Ibid. 69 Ibid. 70 Ibid. 71 Kevin Dayaratna and Nicolas Loris, “A Glimpse of What the Green New Deal Would Cost Taxpayers,” Daily Signal, March 25, 2019, https://www.dailysignal.com/2019/03/25/a-glimpse-of-what-the-green-new-deal-would-cost-taxpayers/ (April 10, 2021). 72 Douglas Holtz-Eakin, Dan Bosch, Ben Gitis, Dan Goldbeck, and Philip Rossetti, “The Green New Deal: Scope, Scale, and Implications,” American Action Forum, February 25, 2019, https://www.americanactionforum.org/research/the-green-new-deal-scope-scale-and-implications/ (April 10, 2021). 73 “Paris Agreement,” November 2015, https://unfccc.int/files/meetings/paris_nov_2015/application/pdf/paris_agreement_english_.pdf (April 10, 2021). 74 “U.S.

It states, in part: Whereas climate change, pollution, and environmental destruction have exacerbated systemic racial, regional, social, environmental, and economic injustices (referred to in this preamble as “systemic injustices”) by disproportionately affecting indigenous communities, communities of color, migrant communities, deindustrialized communities, depopulated rural communities, the poor, low-income workers, women, the elderly, the unhoused, people with disabilities, and youth (referred to in this preamble as “frontline and vulnerable communities”); …Resolved, That it is the sense of the House of Representatives that— (1) it is the duty of the Federal Government to create a Green New Deal— (A) to achieve net-zero greenhouse gas emissions through a fair and just transition for all communities and workers; (B) to create millions of good, high-wage jobs and ensure prosperity and economic security for all people of the United States; (C) to invest in the infrastructure and industry of the United States to sustainably meet the challenges of the 21st century; (D) to secure for all people of the United States for generations to come— (i) clean air and water; (ii) climate and community resiliency; (iii) healthy food; (iv) access to nature; and (v) a sustainable environment; and (E) to promote justice and equity by stopping current, preventing future, and repairing historic oppression of indigenous communities, communities of color, migrant communities, deindustrialized communities, depopulated rural communities, the poor, low-income workers, women, the elderly, the unhoused, people with disabilities, and youth (referred to in this resolution as “frontline and vulnerable communities”); (2) the goals described in subparagraphs of paragraph (1) above (referred to in this resolution as the “Green New Deal goals”) should be accomplished through a 10-year national mobilization (referred to in this resolution as the “Green New Deal mobilization”) that will require the following goals and projects— (A) building resiliency against climate change-related disasters, such as extreme weather, including by leveraging funding and providing investments for community-defined projects and strategies; (B) repairing and upgrading the infrastructure in the United States, including— (i) by eliminating pollution and greenhouse gas emissions as much as technologically feasible; (ii) by guaranteeing universal access to clean water; (iii) by reducing the risks posed by flooding and other climate impacts; and (iv) by ensuring that any infrastructure bill considered by Congress addresses climate change; (C) meeting 100 percent of the power demand in the United States through clean, renewable, and zero-emission energy sources, including— (i) by dramatically expanding and upgrading existing renewable power sources; and (ii) by deploying new capacity; (D) building or upgrading to energy-efficient, distributed, and “smart” power grids, and working to ensure affordable access to electricity; (E) upgrading all existing buildings in the United States and building new buildings to achieve maximal energy efficiency, water efficiency, safety, affordability, comfort, and durability, including through electrification; (F) spurring massive growth in clean manufacturing in the United States and removing pollution and greenhouse gas emissions from manufacturing and industry as much as is technologically feasible, including by expanding renewable energy manufacturing and investing in existing manufacturing and industry; (G) working collaboratively with farmers and ranchers in the United States to eliminate pollution and greenhouse gas emissions from the agricultural sector as much as is technologically feasible, including— (i) by supporting family farming; (ii) by investing in sustainable farming and land use practices that increase soil health; and (iii) by building a more sustainable food system that ensures universal access to healthy food; (H) overhauling transportation systems in the United States to eliminate pollution and greenhouse gas emissions from the transportation sector as much as is technologically feasible, including through investment in— (i) zero-emission vehicle infrastructure and manufacturing; (ii) clean, affordable, and accessible public transportation; and (iii) high-speed rail; (I) mitigating and managing the long-term adverse health, economic, and other effects of pollution and climate change, including by providing funding for community-defined projects and strategies; (J) removing greenhouse gases from the atmosphere and reducing pollution, including by restoring natural ecosystems through proven low-tech solutions that increase soil carbon storage, such as preservation and afforestation; (K) restoring and protecting threatened, endangered, and fragile ecosystems through locally appropriate and science-based projects that enhance biodiversity and support climate resiliency; (L) cleaning up existing hazardous waste and abandoned sites to promote economic development and sustainability; (M) identifying other emission and pollution sources and creating solutions to eliminate them; and (N) promoting the international exchange of technology, expertise, products, funding, and services, with the aim of making the United States the international leader on climate action, and to help other countries achieve a Green New Deal; (3) a Green New Deal must be developed through transparent and inclusive consultation, collaboration, and partnership with frontline and vulnerable communities, labor unions, worker cooperatives, civil society groups, academia, and businesses; and (4) to achieve the Green New Deal goals and mobilization, a Green New Deal will require the following goals and projects— (A) providing and leveraging, in a way that ensures that the public receives appropriate ownership stakes and returns on investment, adequate capital (including through community grants, public banks, and other public financing), technical expertise, supporting policies, and other forms of assistance to communities, organizations, Federal, State, and local government agencies, and businesses working on the Green New Deal mobilization; (B) ensuring that the Federal Government takes into account the complete environmental and social costs and impacts of emissions through— (i) existing laws; (ii) new policies and programs; and (iii) ensuring that frontline and vulnerable communities shall not be adversely affected; (C) providing resources, training, and high-quality education, including higher education, to all people of the United States, with a focus on frontline and vulnerable communities, so those communities may be full and equal participants in the Green New Deal mobilization; (D) making public investments in the research and development of new clean and renewable energy technologies and industries; (E) directing investments to spur economic development, deepen and diversify industry in local and regional economies, and build wealth and community ownership, while prioritizing high-quality job creation and economic, social, and environmental benefits in frontline and vulnerable communities that may otherwise struggle with the transition away from greenhouse gas intensive industries; (F) ensuring the use of democratic and participatory processes that are inclusive of and led by frontline and vulnerable communities and workers to plan, implement, and administer the Green New Deal mobilization at the local level; (G) ensuring that the Green New Deal mobilization creates high-quality union jobs that pay prevailing wages, hires local workers, offers training and advancement opportunities, and guarantees wage and benefit parity for workers affected by the transition; (H) guaranteeing a job with a family-sustaining wage, adequate family and medical leave, paid vacations, and retirement security to all people of the United States; (I) strengthening and protecting the right of all workers to organize, unionize, and collectively bargain free of coercion, intimidation, and harassment; (J) strengthening and enforcing labor, workplace health and safety, antidiscrimination, and wage and hour standards across all employers, industries, and sectors; (K) enacting and enforcing trade rules, procurement standards, and border adjustments with strong labor and environmental protections— (i) to stop the transfer of jobs and pollution overseas; and (ii) to grow domestic manufacturing in the United States; (L) ensuring that public lands, waters, and oceans are protected and that eminent domain is not abused; (M) obtaining the free, prior, and informed consent of indigenous people for all decisions that affect indigenous people and their traditional territories, honoring all treaties and agreements with indigenous people, and protecting and enforcing the sovereignty and land rights of indigenous people; (N) ensuring a commercial environment where every businessperson is free from unfair competition and domination by domestic or international monopolies; and (O) providing all people of the United States with— (i) high-quality health care; (ii) affordable, safe, and adequate housing; (iii) economic security; and (iv) access to clean water, clean air, healthy and affordable food, and nature.66 Milton Ezrati at Forbes rounded up some of the cost estimates for this proposal.

That is a hefty price tag, considerably more than the estimated $700 billion a year that would emerge from AOC’s proposal to raise the maximum tax rate to 70%.”70 The Heritage Foundation’s Kevin Dayaratna and Nicolas Loris note that “according to the Heritage Energy Model, as a result of the taxes and carbon-based regulations, by 2040 one can expect: a peak employment shortfall of over 1.4 million jobs; a total income loss of more than $40,000 for a family of four; an aggregate gross domestic product loss of over $3.9 trillion; and, increases in household electricity expenditures averaging approximately 12 to 14 percent. Unquestionably, these projections from the Heritage Energy Model significantly underestimate the costs of the Green New Deal’s energy components. As Ocasio-Cortez’s Frequently Asked Questions sheet notes, the carbon tax is only one of many policy tools Green New Deal advocates hope to implement.”71 And the American Action Forum, headed by former Congressional Budget Office director Douglas Holtz-Eakin, concludes that the Green New Deal may cost up to $93 trillion over ten years—between $8.3 trillion and $12.3 trillion to eliminate, at least theoretically, carbon emissions from the power and transportation sectors, and between $42.8 trillion and $80.6 trillion for its massive social and economic undertakings.72 Apart from the crushing financial costs of these preposterous and perilous undertakings, and the horrendous economic dislocations that would follow, I continue to return to the fact that it would require us to abandon such foundational principles as limited government, private property rights, and the capitalist economic system, and require the assembly of an even more massive bureaucracy with immense regulatory control and police powers.


pages: 82 words: 24,150

The Corona Crash: How the Pandemic Will Change Capitalism by Grace Blakeley

Anthropocene, asset-backed security, basic income, Big Tech, bond market vigilante , Bretton Woods, business cycle, capital controls, carbon tax, central bank independence, coronavirus, corporate governance, COVID-19, creative destruction, credit crunch, crony capitalism, debt deflation, decarbonisation, degrowth, deindustrialization, don't be evil, financial deregulation, Francis Fukuyama: the end of history, full employment, gig economy, global pandemic, global value chain, green new deal, Greenspan put, income inequality, informal economy, inverted yield curve, invisible hand, Jeff Bezos, liberal capitalism, light touch regulation, lockdown, low interest rates, Martin Wolf, Modern Monetary Theory, moral hazard, move fast and break things, Network effects, North Sea oil, Northern Rock, offshore financial centre, pensions crisis, Philip Mirowski, post-war consensus, price mechanism, quantitative easing, regulatory arbitrage, rent control, reshoring, Rishi Sunak, savings glut, secular stagnation, shareholder value, social distancing, structural adjustment programs, too big to fail, universal basic income, unorthodox policies, Washington Consensus, yield curve

Equally, buzzwords like ‘degrowth’ conjure up images of scarcity and poverty that deter people from climate activism. Tackling climate breakdown requires a mass movement that can fight back against a capitalist system that exploits human beings as much as it does the natural environment. The Green New Deal must be global – it must result from cooperation between working people, outside of existing international institutions. A global Green New Deal is not only necessary to combat the global threat of climate breakdown, but to tackle the regime of imperialism that underpins financial globalisation. Aside from helping to cause the 2008 financial crisis, capital mobility has sucked money out of the Global South and into financial vortexes such as Wall Street and the City of London.

Subsidies or cheap loans for businesses producing environmentally sustainable products or researching new technologies would remove any incentive these firms might have to use their resources efficiently. Corporate governance would suffer as these firms became subject to corruption and clientelism owing to their increasingly close relationships with state actors. Bureaucrats and their friends in state-backed private corporations would use their power to serve their own interests. The Green New Deal would, according to free market ideologists, only lead to corruption and inefficiency of the kind that would worsen environmental breakdown. But the strength of these arguments is called into question by the evidence about how actually existing capitalism functions. The system is already characterised by widespread collusion between international monopolies and their clients in state and international institutions, with all the corruption and inefficiency this entails.

Free marketeers will trot out the same arguments against such plans, but they will be confronted by the reality that we already live in an uncompetitive, monopolistic and state-planned economy. They may argue for a return to a different kind of capitalism, but unless they are able to chart a course to actually get there – impossible without huge social and political costs – their arguments will be untenable. Socialists must begin to make the case for a democratic Green New Deal now by pointing to the level of state planning currently underway in response to the coronavirus crisis – planning that has to a lesser extent been in place for years and will likely continue for many years to come. The line between ‘state’ and ‘market’ – constructed by liberal political economy – is now thinner than ever.


pages: 504 words: 129,087

The Ones We've Been Waiting For: How a New Generation of Leaders Will Transform America by Charlotte Alter

"Hurricane Katrina" Superdome, "World Economic Forum" Davos, 4chan, affirmative action, Affordable Care Act / Obamacare, basic income, Berlin Wall, Bernie Sanders, Big Tech, Black Lives Matter, carbon footprint, carbon tax, clean water, collective bargaining, Columbine, corporate personhood, correlation does not imply causation, Credit Default Swap, crowdsourcing, data science, David Brooks, deepfake, deplatforming, disinformation, Donald Trump, double helix, East Village, ending welfare as we know it, fake news, Fall of the Berlin Wall, feminist movement, Ferguson, Missouri, financial deregulation, Francis Fukuyama: the end of history, gentrification, gig economy, glass ceiling, Glass-Steagall Act, Google Hangouts, green new deal, Greta Thunberg, housing crisis, illegal immigration, immigration reform, income inequality, Intergovernmental Panel on Climate Change (IPCC), job-hopping, Kevin Kelly, knowledge economy, Lyft, mandatory minimum, Marc Andreessen, Mark Zuckerberg, mass incarceration, McMansion, medical bankruptcy, microaggression, move fast and break things, Nate Silver, obamacare, Occupy movement, opioid epidemic / opioid crisis, passive income, pre–internet, race to the bottom, RAND corporation, Ronald Reagan, sexual politics, Sheryl Sandberg, side hustle, Silicon Valley, single-payer health, Snapchat, Social Justice Warrior, Steve Bannon, TaskRabbit, tech bro, too big to fail, Uber and Lyft, uber lyft, universal basic income, unpaid internship, We are the 99%, white picket fence, working poor, Works Progress Administration

One of her staffers accidentally released a fact sheet from her office that contained inflammatory details, including guaranteed jobs even for those “unwilling to work,” retrofitting every building in America, and eliminating airplanes and methane emissions from “farting cows.” The right immediately had a field day, and the Green New Deal quickly became a punching bag instead of a win. It was AOC’s first big misstep, one that would give her opponents ammunition and her potential allies pause. Even Max, whose district was pummeled by Superstorm Sandy and who was all for bold solutions on climate change, couldn’t get on board, because he thought AOC was using the Green New Deal to promote a socialist agenda. The resolution, he said, was a “thinly veiled effort to use climate change as a Trojan horse to advance an economic system that I don’t believe is effective.”

And It’s Coming to the US Next,” BuzzFeed, February 7, 2019, buzzfeednews.com/article/lesterfeder/europe-climate-change-protests-teens. catastrophic hurricanes threatening their homes: Emily Witt, “The Optimistic Activists for a Green New Deal: Inside the Youth-Led Singing Sunrise Movement,” The New Yorker, December 23, 2018, newyorker.com/news/news-desk/the-optimistic-activists-for-a-green-new-deal-inside-the-youth-led-singing-sunrise-movement. THE BIG ONE her dead mother’s body: Simon Romero and Julie Bosman, “Clinging to Her Drowning ‘Mama,’ a Little Girl Survives the Raging Flood,” The New York Times, August 30, 2017, nytimes.com/2017/08/30/us/victims-harvey-death-toll-houston.html.

: Melanie Zanona, “‘We’re Not Going To Sit Idly By’: Freshman Dems Look to Seize Shutdown Optics,” Politico, January 17, 2019, politico.com/story/2019/01/17/freshman-house-democrats-government-shutdown-1110462. every building in America: Tara Golshan and Ella Nilsen, “Alexandria Ocasio-Cortez’s rocky rollout of the Green New Deal, explained,” Vox, February 11, 2019, vox.com/policy-and-politics/2019/2/11/18220163/alexandria-ocasio-cortez-green-new-deal-faq-tucker-carlson Aides said Pelosi moved: Rachael Bade and Mike DeBonis, “Outright Disrespectful’: Four House Women Struggle As Pelosi Isolates Them,” The Washington Post, July 10, 2019, washingtonpost.com/politics/outright-disrespectful-four-house-women-struggle-as-pelosi-isolates-them/2019/07/10/a33c63a8-a33f-11e9-b7b4-95e30869bd15_story.html.


pages: 561 words: 138,158

Shutdown: How COVID Shook the World's Economy by Adam Tooze

2021 United States Capitol attack, air freight, algorithmic trading, Anthropocene, Asian financial crisis, asset-backed security, Ayatollah Khomeini, bank run, banking crisis, Basel III, basic income, Ben Bernanke: helicopter money, Benchmark Capital, Berlin Wall, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, Black Monday: stock market crash in 1987, blue-collar work, Bob Geldof, bond market vigilante , Boris Johnson, Bretton Woods, Brexit referendum, business cycle, business process, business process outsourcing, buy and hold, call centre, capital controls, central bank independence, centre right, clean water, cognitive dissonance, contact tracing, contact tracing app, coronavirus, COVID-19, credit crunch, Credit Default Swap, cryptocurrency, currency manipulation / currency intervention, currency peg, currency risk, decarbonisation, deindustrialization, Donald Trump, Elon Musk, energy transition, eurozone crisis, facts on the ground, failed state, fake news, Fall of the Berlin Wall, fear index, financial engineering, fixed income, floating exchange rates, friendly fire, George Floyd, gig economy, global pandemic, global supply chain, green new deal, high-speed rail, housing crisis, income inequality, inflation targeting, invisible hand, It's morning again in America, Jeremy Corbyn, junk bonds, light touch regulation, lockdown, low interest rates, margin call, Martin Wolf, mass immigration, mass incarceration, megacity, megaproject, middle-income trap, Mikhail Gorbachev, Modern Monetary Theory, moral hazard, oil shale / tar sands, Overton Window, Paris climate accords, Pearl River Delta, planetary scale, Potemkin village, price stability, Productivity paradox, purchasing power parity, QR code, quantitative easing, remote working, reserve currency, reshoring, Robinhood: mobile stock trading app, Ronald Reagan, secular stagnation, shareholder value, Silicon Valley, six sigma, social distancing, South China Sea, special drawing rights, stock buybacks, tail risk, TikTok, too big to fail, TSMC, universal basic income, Washington Consensus, women in the workforce, yield curve

Most of it was improvisation and compromise, but insofar as they managed to put a programmatic gloss on their responses—whether in the form of the EU’s Next Generation program or Biden’s Build Back Better program in 2020—it came from the repertoire of green modernization, sustainable development, and the Green New Deal. The result was a bitter historic irony. Even as the advocates of the Green New Deal went down to political defeat, 2020 resoundingly confirmed the realism of their diagnosis. It was the Green New Deal that had squarely addressed the urgency of huge environmental challenges and linked it to questions of extreme social inequality. It was the Green New Deal that had insisted that in meeting these challenges, democracies could not allow themselves to be hamstrung by conservative fiscal and monetary doctrines inherited from the bygone battles of the 1970s and discredited by the financial crisis of 2008.

It was the Green New Deal that had insisted that in meeting these challenges, democracies could not allow themselves to be hamstrung by conservative fiscal and monetary doctrines inherited from the bygone battles of the 1970s and discredited by the financial crisis of 2008. It was the Green New Deal that had mobilized energetic, engaged, future-oriented, young citizens on whom democracy, if it was to have a hopeful future, clearly depended. The Green New Deal had also, of course, demanded that rather than endlessly patching a system that produced and reproduced inequality, instability, and crisis, it should be radically reformed. That was challenging for centrists. But one of the attractions of a crisis was that questions of the long-term future could be set aside.

Krippner, Capitalizing on Crisis: The Political Origins of the Rise of Finance (Harvard University Press, 2011). 44. A. Kapczynski and G. Gonsalves, “Alone Against the Virus,” Boston Review, March 13, 2020. 45. FT Series, The New Social Contract, www.ft.com/content/774f3aef-aded-47f9-8abb-a523191f1c19. 46. A. Pettifor, The Case for the Green New Deal (Verso, 2020); K. Aronoff, A. Battistoni, D. A. Cohen, and T. Riofrancos, A Planet to Win: Why We Need a Green New Deal (Verso, 2019). 47. Popularized in 2020 by S. Kelton, The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy (PublicAffairs, 2020). 48. J. M. Keynes, 1942 BBC Address (Collected Works XXVII). 49. BIS Annual Economic Report 30 June 2019; www.bis.org/publ/arpdf/ar2019e2.htm. 50.


The Smartphone Society by Nicole Aschoff

"Susan Fowler" uber, 4chan, A Declaration of the Independence of Cyberspace, Airbnb, algorithmic bias, algorithmic management, Amazon Web Services, artificial general intelligence, autonomous vehicles, barriers to entry, Bay Area Rapid Transit, Bernie Sanders, Big Tech, Black Lives Matter, blockchain, carbon footprint, Carl Icahn, Cass Sunstein, citizen journalism, cloud computing, correlation does not imply causation, crony capitalism, crowdsourcing, cryptocurrency, data science, deep learning, DeepMind, degrowth, Demis Hassabis, deplatforming, deskilling, digital capitalism, digital divide, do what you love, don't be evil, Donald Trump, Downton Abbey, Edward Snowden, Elon Musk, Evgeny Morozov, fake news, feminist movement, Ferguson, Missouri, Filter Bubble, financial independence, future of work, gamification, gig economy, global value chain, Google Chrome, Google Earth, Googley, green new deal, housing crisis, income inequality, independent contractor, Jaron Lanier, Jeff Bezos, Jessica Bruder, job automation, John Perry Barlow, knowledge economy, late capitalism, low interest rates, Lyft, M-Pesa, Mark Zuckerberg, minimum wage unemployment, mobile money, moral panic, move fast and break things, Naomi Klein, Network effects, new economy, Nicholas Carr, Nomadland, occupational segregation, Occupy movement, off-the-grid, offshore financial centre, opioid epidemic / opioid crisis, PageRank, Patri Friedman, peer-to-peer, Peter Thiel, pets.com, planned obsolescence, quantitative easing, Ralph Waldo Emerson, RAND corporation, Ray Kurzweil, RFID, Richard Stallman, ride hailing / ride sharing, Rodney Brooks, Ronald Reagan, Salesforce, Second Machine Age, self-driving car, shareholder value, sharing economy, Sheryl Sandberg, Shoshana Zuboff, Sidewalk Labs, Silicon Valley, single-payer health, Skype, Snapchat, SoftBank, statistical model, Steve Bannon, Steve Jobs, surveillance capitalism, TaskRabbit, tech worker, technological determinism, TED Talk, the scientific method, The Structural Transformation of the Public Sphere, TikTok, transcontinental railway, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, upwardly mobile, Vision Fund, W. E. B. Du Bois, wages for housework, warehouse robotics, WikiLeaks, women in the workforce, yottabyte

Proponents of another policy initiative, the Green New Deal, are tackling the ecological implications of our smartphone society. Proponents of the Green New Deal embed recent global technological shifts, which are highly energy- and resource-intensive, within the context of broader climate trends. As we have discussed in these pages, many of the issues connected to our ubiquitous smartphones have ecological dimensions that are often ignored or downplayed. The Green New Deal encourages us to confront difficult questions about the sustainability of our new digital-analog lifestyles.22 Supporters of the Green New Deal recognize that energy consumption is vital to modern society.

In conjunction with action from the Sunrise Movement, US congresswoman Alexandria Ocasio-Cortez and US senator Ed Markey introduced a version of the Green New Deal in Congress in February 2019. Their resolution calls for the United States to take a “leading role in reducing emissions through economic transformations” because it has “historically been responsible for a disproportionate amount of greenhouse gas emissions.” Instead of promoting a “degrowth” philosophy—reducing fossil fuel use by reducing consumption and production—proponents of the Green New Deal advocate a “just transition” toward a green energy ecosystem in which people and communities, particularly those whose livelihoods depend on the fossil fuel industry, are given the support they need during the transition process in the form of job transfers, pensions, and retraining.23 Taking Stock These initiatives, ranging from labor organizing to watchdogs to green policy, are by no means an exhaustive accounting of the current pushback against the ills of our smartphone society.

., “Algorithmic Accountability: A Primer,” prepared for the Congressional Progressive Caucus, Tech Algorithm Briefing, “How Algorithms Perpetuate Racial Bias and Inequality,” Data & Society, April 18, 2018. 21. Diakopoulos and Friedler, “How to Hold Algorithms Accountable.” 22. The term “Green New Deal” has been around for more than a decade, but its recent usage refers to a pair of resolutions submitted to Congress by Representative Alexandria Ocasio-Cortez and Senator Ed Markey and to the broader social movement supporting the ideas articulated in the proposals. The Sunrise Movement, a major supporter, has information on its website, https://www.sunrisemovement.org/gnd. 23. Pollin, “De-Growth vs. A Green New Deal.” 24. For a discussion, see Silver, Forces of Labor. 25. Moody, On New Terrain. 26.


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Green Swans: The Coming Boom in Regenerative Capitalism by John Elkington

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, agricultural Revolution, Anthropocene, anti-fragile, Any sufficiently advanced technology is indistinguishable from magic, autonomous vehicles, Berlin Wall, bitcoin, Black Swan, blockchain, Boeing 737 MAX, Boeing 747, Buckminster Fuller, business cycle, Cambridge Analytica, carbon footprint, carbon tax, circular economy, Clayton Christensen, clean water, cloud computing, corporate governance, corporate social responsibility, correlation does not imply causation, creative destruction, CRISPR, crowdsourcing, David Attenborough, deglobalization, degrowth, discounted cash flows, distributed ledger, do well by doing good, Donald Trump, double entry bookkeeping, drone strike, Elon Musk, en.wikipedia.org, energy transition, Extinction Rebellion, Future Shock, Gail Bradbrook, Geoffrey West, Santa Fe Institute, George Akerlof, global supply chain, Google X / Alphabet X, green new deal, green transition, Greta Thunberg, Hans Rosling, hype cycle, impact investing, intangible asset, Internet of things, invention of the wheel, invisible hand, Iridium satellite, Jeff Bezos, John Elkington, Jony Ive, Joseph Schumpeter, junk bonds, Kevin Kelly, Kickstarter, M-Pesa, Marc Benioff, Mark Zuckerberg, Martin Wolf, microplastics / micro fibres, more computing power than Apollo, move fast and break things, Naomi Klein, Nelson Mandela, new economy, Nikolai Kondratiev, ocean acidification, oil shale / tar sands, oil shock, opioid epidemic / opioid crisis, placebo effect, Planet Labs, planetary scale, plant based meat, plutocrats, Ponzi scheme, radical decentralization, Ralph Nader, reality distortion field, Recombinant DNA, Rubik’s Cube, Salesforce, self-driving car, shareholder value, sharing economy, Sheryl Sandberg, Silicon Valley, smart cities, smart grid, sovereign wealth fund, space junk, Steven Pinker, Stewart Brand, supply-chain management, synthetic biology, systems thinking, The future is already here, The Wealth of Nations by Adam Smith, Thomas Kuhn: the structure of scientific revolutions, Tim Cook: Apple, urban planning, Whole Earth Catalog

Which shifts the spotlight to the possibility of creating Global New Deals, most particularly Green New Deals. If handled right, the result could eventually be the sort of global economic boom seen in the wake of the Second World War. This is a metaphor and reality that the legendary Lester R. Brown championed for years in his Plan B work, which is well worth revisiting.60 Meanwhile Carlota Perez, who investigates the sort of long-wave economic cycles I first studied at university and who has powerfully influenced my own thinking, has this to say about New Deals: “I see the Green New Deal (GND) bill presented by [Rep. Alexandria] Ocasio-Cortez and [Sen.

Les Brown, who I visited several times in Washington, D.C. at both the Worldwatch Institute and then the Earth Policy Institute, had a huge impact on my thinking over the decades. 61.Carlota Perez, “Why Everybody—Including Business—Should Support the Green New Deal,” BTTR (Beyond The Tech Revolution), March 17, 2019. See also: http://beyondthetechrevolution.com/blog/why-everybody-including-business-should-support-the-green-new-deal/. 62.See, for example, Chris Hughes, “It’s Time to Break Up Facebook,” The New York Times, May 9, 2019. See also: https://www.nytimes.com/2019/05/09/opinion/sunday/chris-hughes-facebook-zuckerberg.html. 63.http://breakthrough.unglobalcompact.org 64.Lisa Kay Solomon, “How the Most Successful Leaders Will Thrive in an Exponential World,” SingularityHub, January 11, 2017.

Either capitalism must be transformed root and branch, with new definitions of impact, value, and wealth creation—or it will be replaced. The ultimate test is whether whatever form of wealth creation we do evolve by the 2030s is capable of actively restoring and regenerating our natural environment and, in parallel, our economies and societies. If that sounds strikingly like the sort of Green New Deals now proposed for the 2020s, that is no accident. As President Franklin D. Roosevelt, architect of the original New Deal, summed up both the opportunity and the risk: “In our seeking for economic and political progress, we all go up—or else we all go down.” By extension, will we now allow Black Swans to pull us down, or will we harness Green Swan dynamics to create forms of wealth that many of today’s minds would consider improbable or even impossible?


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The New Economics: A Bigger Picture by David Boyle, Andrew Simms

Abraham Maslow, Alan Greenspan, Alvin Toffler, Apollo 11, Asian financial crisis, back-to-the-land, banking crisis, behavioural economics, Bernie Madoff, Big bang: deregulation of the City of London, Bonfire of the Vanities, Bretton Woods, capital controls, carbon footprint, carbon tax, clean water, collateralized debt obligation, colonial rule, Community Supported Agriculture, congestion charging, corporate raider, corporate social responsibility, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, Crossrail, delayed gratification, deskilling, digital divide, en.wikipedia.org, energy transition, financial deregulation, financial exclusion, financial innovation, full employment, garden city movement, Glass-Steagall Act, green new deal, happiness index / gross national happiness, if you build it, they will come, income inequality, informal economy, Intergovernmental Panel on Climate Change (IPCC), Jane Jacobs, John Elkington, junk bonds, Kickstarter, land bank, land reform, light touch regulation, loss aversion, mega-rich, microcredit, Mikhail Gorbachev, Money creation, mortgage debt, neoliberal agenda, new economy, North Sea oil, Northern Rock, offshore financial centre, oil shock, peak oil, pension time bomb, pensions crisis, profit motive, purchasing power parity, quantitative easing, Ronald Reagan, seigniorage, Simon Kuznets, sovereign wealth fund, special drawing rights, systems thinking, the long tail, The Wealth of Nations by Adam Smith, Thomas L Friedman, too big to fail, trickle-down economics, Vilfredo Pareto, Washington Consensus, wealth creators, working-age population

Other books to read John Adams (1995) Cost-Benefit Analysis: Part of the Problem, not the Solution, Green College Centre for Environmental Policy and Understanding, Oxford Tim Cooper (1994) Beyond Recycling, New Economics Foundation, London Herman Daly and Joshua Farley (2004) Ecological Economics: Principles and Applications, Island Press, Washington DC Greenpeace UK (2007) What are we waiting for? (online film) Andrew Simms (2009) Ecological Debt: Global Warming and the Wealth of Nations, Pluto Books, London Notes 1 2 3 Green New Deal Group (2008) The Green New Deal, New Economics Foundation, London. G. M. Novo and C. Murphy (2001) ‘Urban agriculture in the city of Havana: A popular response to a crisis’ in Growing Cities Growing Food: Urban Agriculture on the Policy Agenda: A Reader on Urban Agriculture, Resource Centres on Urban Agriculture and Food Security, The Hague.

The group eventually included the Guardian economics editor, two former directors of Friends of the Earth, THE FUTURE 157 one of the authors of this book, and a number of other well-known names. What they published in July 2008 was known as the ‘Green New Deal’, launched 75 years after President Roosevelt launched a New Deal to rescue the USA from financial crisis.5 The Green New Deal urged governments to embrace a comprehensive, selfreinforcing programme including to: • • • • • • • invest in a major programme of renewable energy and wider environmental transformation that would create thousands of new green collar jobs; build a new alliance between environmentalists, industry, agriculture and unions to put the interests of the real economy ahead of those of footloose finance; set up an Oil Legacy Fund, paid for by a windfall tax on the profits of oil and gas companies, as part of a wide-ranging package of financial innovations and incentives to assemble the tens of billions of pounds that need to be spent, including local authority green bonds, green gilts and green family savings bonds; make sure fossil fuel prices include the cost to the environment, and are high enough to tackle climate change by creating economic incentives to drive efficiency and bring alternative fuels to market; cut corporate tax evasion by clamping down on tax havens and corporate financial reporting; re-regulate the domestic financial system, inspired by reforms implemented in the 1930s, including cutting interest and much tighter regulation of the wider financial environment; break up the discredited financial institutions that have needed so much public money to prop them up in the latest credit crunch.

What they published in July 2008 was known as the ‘Green New Deal’, launched 75 years after President Roosevelt launched a New Deal to rescue the USA from financial crisis.5 The Green New Deal urged governments to embrace a comprehensive, selfreinforcing programme including to: • • • • • • • invest in a major programme of renewable energy and wider environmental transformation that would create thousands of new green collar jobs; build a new alliance between environmentalists, industry, agriculture and unions to put the interests of the real economy ahead of those of footloose finance; set up an Oil Legacy Fund, paid for by a windfall tax on the profits of oil and gas companies, as part of a wide-ranging package of financial innovations and incentives to assemble the tens of billions of pounds that need to be spent, including local authority green bonds, green gilts and green family savings bonds; make sure fossil fuel prices include the cost to the environment, and are high enough to tackle climate change by creating economic incentives to drive efficiency and bring alternative fuels to market; cut corporate tax evasion by clamping down on tax havens and corporate financial reporting; re-regulate the domestic financial system, inspired by reforms implemented in the 1930s, including cutting interest and much tighter regulation of the wider financial environment; break up the discredited financial institutions that have needed so much public money to prop them up in the latest credit crunch. Taken together, the Green New Deal urged a programme of re-regulating finance and taxation plus a huge transformational programme aimed at substantially reducing the use of fossil fuels and, in the process, tackling the unemployment and decline in demand caused by the credit crunch. It involved policies and new funding mechanisms that will reduce emissions and allow us to cope better with the coming energy shortages caused by peak oil. The importance was not so much the details of the plan, but its pattern. What the Green New Deal understood was that these crises needed to be tackled together, in a way that modern government finds difficulty doing.


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What We Need to Do Now: A Green Deal to Ensure a Habitable Earth by Chris Goodall

blockchain, carbon footprint, carbon tax, circular economy, decarbonisation, energy transition, Extinction Rebellion, food miles, green new deal, Greta Thunberg, Haber-Bosch Process, hydroponic farming, Intergovernmental Panel on Climate Change (IPCC), it's over 9,000, Kickstarter, microplastics / micro fibres, moral hazard, Naomi Klein, negative emissions, Ocado, ocean acidification, plant based meat, smart grid, smart meter

My own website, Carbon Commentary (www.carboncommentary.com), also has useful updates on climate issues, along with source notes for this book. GREEN NEW DEALS Ann Pettifor, The Case for the Green New Deal (Verso, 2019). The UK-based economist looks at how countries can best allocate capital towards projects that improve low carbon infrastructure. Jonathan Ford in the Financial Times summarised Pettifor’s conclusions by saying that ‘she sees the nation state as eminently capable of financing decarbonisation’. Naomi Klein, On Fire: The Burning Case for a Green New Deal (Allen Lane, 2019). Klein brings a transatlantic perspective and a more radical emphasis on changing the very structure of our economies.

And, as I hope to show in this book, this should be a New Deal with real benefits for those who need it most – giving new purpose to the old industrial towns, renovating our housing stock with effective insulation, getting polluting traffic off the roads to create clean air environments. The big gain is to address climate change. But, in parallel, a Green New Deal offers huge possibilities for improving our quality of life and in creating a fairer society. A green new deal The chapters of this book cover matters as diverse as energy supply, wood cultivation and the fabrics used for our clothes, as well as taxation and research. We need to take action across all of these areas. Addressing climate change isn’t just a matter of increasing the percentage of our electricity that comes from renewable sources.

One of its most effective initiatives was the REA (Rural Electrification Administration), set up to encourage local cooperatives to build electricity supply across the farming regions of the US. The REA increased the percentage of rural homes with electricity from 10 to 40 per cent in just five years between 1935 and 1940. With full support from electorates, countries can make truly striking progress. A group of insightful UK activists and politicians first proposed a Green New Deal in 2008 and I have used many of their ideas in this book. Much more recently, members of the US Congress, and notably Alexandria Ocasio-Cortez, have proposed an outline plan for the US. The ideas are sketchy, but the group proposes to move the US to 100 per cent renewable electricity and switch to zero emission vehicles, among many other measures.


pages: 191 words: 51,242

Unsustainable Inequalities: Social Justice and the Environment by Lucas Chancel

"World Economic Forum" Davos, Anthropocene, behavioural economics, biodiversity loss, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, carbon tax, centre right, clean water, COVID-19, disinformation, Donald Trump, energy security, energy transition, financial deregulation, Francis Fukuyama: the end of history, Gini coefficient, green new deal, income inequality, Indoor air pollution, job satisfaction, low skilled workers, offshore financial centre, oil shock, price stability, purchasing power parity, Ronald Reagan, Simon Kuznets, The Spirit Level, The Theory of the Leisure Class by Thorstein Veblen, Thorstein Veblen, trade liberalization, Tragedy of the Commons, transaction costs, urban planning, very high income, Washington Consensus

The jobs they create—many of them well-paid manufacturing and engineering jobs—cannot be sent abroad, unlike many other jobs in the service sector today. This is the rationale behind the Green New Deal advocated by Representative Alexandria Ocasio-Cortez in the United States, and by others in Europe over the past decade. Investing now in large-scale ecological transition investments is not only good (and, in fact, necessary) for the planet. It is also just good economics. It is true that certain sectors of the economy (such as coal mining or the oil industry) will be negatively affected by a Green New Deal. But this is precisely the point: transforming an economy’s production structure will help to preserve the environment and protect public health.

If we are to avoid having to sacrifice one of these objectives in order to achieve the other, we must understand exactly why reducing inequalities is inseparable from the attempt to fundamentally alter our relationship to the environment. Otherwise it will be impossible to work out what must be done to reform current social and environmental policies and to implement a Green New Deal, as progressive political leaders are advocating around the world. Recent studies in economics, political science, and epidemiology have shown that unless economic inequality is reduced, it will be extremely difficult to attain the other goals of sustainable development: democratic vitality, social well-being, economic efficiency, and ecological stability.

In the short term, however, measures that are conceived independently of policies aimed at improving social justice are liable to exacerbate certain inequalities and, indeed, to create new ones. Industrial polluters routinely threaten to eliminate jobs if stricter environmental regulations are enforced, for example, just as elected officials from rural constituencies protest the adoption of carbon taxes favoring city dwellers. Such arguments have been heard in the context of Green New Deal proposals in the United States and elsewhere. While they are often used cynically, they deserve attention. Is there a way to resolve the apparent contradiction between social justice and environmental protection? I believe there is. But reconciling the two objectives will require a new approach to managing the social state that depends on the collective acceptance of responsibility for socioeconomic risks such as unemployment, sickness, and poverty.


Apocalypse Never: Why Environmental Alarmism Hurts Us All by Michael Shellenberger

"World Economic Forum" Davos, Albert Einstein, An Inconvenient Truth, Anthropocene, Asperger Syndrome, Bernie Sanders, Bob Geldof, Boeing 747, carbon footprint, carbon tax, Cesare Marchetti: Marchetti’s constant, clean tech, clean water, climate anxiety, Corn Laws, coronavirus, corporate social responsibility, correlation does not imply causation, cuban missile crisis, decarbonisation, deindustrialization, disinformation, Dissolution of the Soviet Union, Donald Trump, Dr. Strangelove, Elon Musk, energy transition, Extinction Rebellion, failed state, Garrett Hardin, Gary Taubes, gentleman farmer, global value chain, Google Earth, green new deal, Greta Thunberg, hydraulic fracturing, index fund, Indoor air pollution, indoor plumbing, Intergovernmental Panel on Climate Change (IPCC), Internet Archive, land tenure, Live Aid, LNG terminal, long peace, manufacturing employment, mass immigration, meta-analysis, Michael Shellenberger, microplastics / micro fibres, Murray Bookchin, ocean acidification, off grid, oil shale / tar sands, Potemkin village, precautionary principle, purchasing power parity, Ralph Nader, renewable energy transition, Rupert Read, School Strike for Climate, Solyndra, Stephen Fry, Steven Pinker, supervolcano, Ted Nordhaus, TED Talk, The Wealth of Nations by Adam Smith, Thomas Malthus, too big to fail, trade route, Tragedy of the Commons, union organizing, WikiLeaks, Y2K

Robert Walton, “New England CO2 Emissions Spike After Vermont Yankee Nuclear Closure,” Utility Dive, February 6, 2017, https://www.utilitydive.com. 39. “Green New Deal Overview” (draft), Office of Rep. Alexandria Ocasio-Cortez, https://assets.documentcloud.org/documents/5729035/Green-New-Deal-FAQ.pdf. This document is a draft version of a “Green New Deal FAQ” that later appeared on AOC’s website: “Green New Deal FAQ,” Office of Rep. Alexandria Ocasio-Cortez, February 5, 2019, Internet Archive, https://web.archive.org/web/20190207191119/https://ocasio-cortez.house.gov/media/blog-posts/green-new-deal-faq. For more details, see Jordan Weissman, “Why the Green New Deal Rollout Was Kind of a Mess,” Slate, February 8, 2019, https://slate.com. 40.

“It could be the biggest economic opportunity of the twenty-first century.”84 As I mentioned, I cofounded a progressive Democratic, labor-environment push for a New Apollo Project, the predecessor to Rep. Ocasio-Cortez’s Green New Deal. We sought $300 billion for efficiency, renewables, electric cars, and other technologies.85 In 2007 our efforts paid off when then-U.S. presidential candidate Obama picked up our proposal and ran with it. Between 2009 and 2015, the U.S. government spent about $150 billion on our Green New Deal, $90 billion of it in stimulus money.86 Stimulus money wasn’t evenly distributed but rather clustered around donors to President Obama and the Democratic Party.

You can set up a wall to try to contain ten thousand and twenty thousand, one million people, but not ten million.”19 “Around the year 2030, in ten years, 250 days, and ten hours, we will be in a position where we set off an irreversible chain reaction beyond human control that will most likely lead to the end of our civilisation as we know it,” said student climate activist Greta Thunberg, in 2019. “I don’t want you to be hopeful. I want you to panic.”20 2. Resilience Rising In early 2019, newly elected twenty-nine-year-old congresswoman Alexandria Ocasio-Cortez sat down for an interview with a correspondent for The Atlantic. AOC, as she is known, made the case for a Green New Deal, one that would address poverty and social inequality in addition to climate change. AOC pushed back against critics who claimed it would be too expensive. “The world is going to end in twelve years if we don’t address climate change,” she said, “and your biggest issue is how are we gonna pay for it?”


Paint Your Town Red by Matthew Brown

banking crisis, Bernie Sanders, Black Lives Matter, Boris Johnson, call centre, capitalist realism, COVID-19, crowdsourcing, decarbonisation, deindustrialization, Donald Trump, fear of failure, financial exclusion, G4S, gentrification, gig economy, global supply chain, green new deal, housing crisis, hydroponic farming, lockdown, low interest rates, mittelstand, Murray Bookchin, new economy, Northern Rock, precariat, remote working, rewilding, too big to fail, wage slave, working-age population, zero-sum game

In the 2019 general election, the Conservative Party successfully appealed to former Labour voters in the “red wall”, while post-Corbyn Labour have accepted the need to reconnect with voters in the North and with neglected towns, but without losing sight of priorities like the Green New Deal. Local initiatives that see economic and social improvement generated by the community’s own actions, and which fit within the Green New Deal’s agenda on decarbonisation, renewables and sustainability, are a way of taking up these priorities at a grassroots level rather than waiting for top-down direction from Westminster. Beyond Discredited Models and Malaise As Preston itself adapted economic and democratic experiments in community wealth-building from the US and Europe, so several other cities, towns and boroughs around the UK, some of which we explore in Part Three, are establishing or developing their own versions of democratic localism, with greater or lesser degrees of involvement from local authorities and with attention to different priorities and projects.

mc_cid=c93c02492f&mc_eid=5002eb9982 • Educate and Empower: Tools for Building Community Wealth, https://community-wealth.org/educate-and-empower, • Community-wealth.org Toolbox: https://community-wealth.org/resourcetype/Toolbox • Elements of a Democratic Economy: https://thenextsystem.org/elements • Policies for Community Wealth-building: Leveraging State and Local Resources https://democracycollaborative.org/learn/publication/policies-community-wealth-building-leveraging-state-and-local-resources New Economics Foundation (NEF): produces policy and research shaped by the lived experience of those at the sharp end of the economy and supports practical, on-the-ground projects that devolve power to communities and improve well-being and sustainability. Its work includes: • Developing a new vision for UK coastal towns: https://neweconomics.org/campaigns/blue-new-deal • An online platform mapping new economy projects around the UK: https://letschangetherules.org • Support for a Green New Deal: https://neweconomics.org/about/our-missions/green-new-deal • The New Economy Organisers Network (Neon) — runs workshops to learn how “to build support for a new economy”; for example, by telling effective “stories” about it in the mainstream media. https://neweconomyorganisers.org (US) New Economy Coalition: exists to support a just transition from an extractive to a regenerative economy by building the scale and power of the solidarity economy movement in Black, Indigenous, and working-class communities in every region of the United States. https://neweconomy.net Transnational Institute: The Transnational Institute (TNI) is an international research and advocacy institute committed to building a just, democratic and sustainable planet.

This, in turn, will depend on a community’s particular circumstances, resources and priorities. Another common concern that is urgently driving the need for local initiatives is the climate crisis. An increasing number of environmentalists, activists, and politicians such as Alexandria Ocasio-Cortez, are advocating the “Green New Deal”. This strategy aims to both address the climate emergency and ameliorate capitalism through an agenda of government support for green technologies and a focus on decarbonisation and shift to renewable energies. But the practical implementation of these still mainly abstract principles obviously depends on governments being amenable to these policies or open to pressure for them from below.


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Prosperity Without Growth: Foundations for the Economy of Tomorrow by Tim Jackson

"World Economic Forum" Davos, Alan Greenspan, bank run, banking crisis, banks create money, Basel III, basic income, biodiversity loss, bonus culture, Boris Johnson, business cycle, carbon footprint, Carmen Reinhart, Cass Sunstein, choice architecture, circular economy, collapse of Lehman Brothers, creative destruction, credit crunch, Credit Default Swap, critique of consumerism, David Graeber, decarbonisation, degrowth, dematerialisation, en.wikipedia.org, energy security, financial deregulation, Financial Instability Hypothesis, financial intermediation, full employment, Garrett Hardin, Glass-Steagall Act, green new deal, Growth in a Time of Debt, Hans Rosling, Hyman Minsky, impact investing, income inequality, income per capita, intentional community, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invisible hand, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kenneth Rogoff, Kickstarter, laissez-faire capitalism, liberal capitalism, low interest rates, Mahatma Gandhi, mass immigration, means of production, meta-analysis, Money creation, moral hazard, mortgage debt, Murray Bookchin, Naomi Klein, negative emissions, new economy, ocean acidification, offshore financial centre, oil shale / tar sands, open economy, paradox of thrift, peak oil, peer-to-peer lending, Philip Mirowski, Post-Keynesian economics, profit motive, purchasing power parity, quantitative easing, retail therapy, Richard Thaler, road to serfdom, Robert Gordon, Robert Solow, Ronald Reagan, science of happiness, secular stagnation, short selling, Simon Kuznets, Skype, smart grid, sovereign wealth fund, Steve Jobs, TED Talk, The Chicago School, The Great Moderation, The Rise and Fall of American Growth, The Spirit Level, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, Tragedy of the Commons, universal basic income, Works Progress Administration, World Values Survey, zero-sum game

Downshifting: A Guide to Happier, Simpler Living. London: Hodder and Stoughton. GND 2013. A National Plan for the UK: From Austerity to the Age of the Green New Deal. London: Green New Deal Group. Online at www.greennewdealgroup.org/wp-content/uploads/2013/09/Green-New-Deal-5th-Anniversary.pdf (accessed 17 March 2016). GND 2008. ‘A Green New Deal: joined up policies to solve the triple crunch of the credit crisis, climate change and high oil prices’. The first report of the Green New Deal Group. London: NEF. Godley, W. 1999. ‘Seven unsustainable processes’. Special Report to the Levy Institute. Online at www.levyinstitute.org/pubs/sevenproc.pdf (accessed 21 March 2016).

The likely investment costs for these more stringent targets could be at least an order of magnitude higher.26 The sheer size of the investment needed to transform the world’s energy system was one of the motivations for the international consensus around a ‘green stimulus’ in the wake of the financial crisis (Chapter 2). As early as 2008, the UK-based Green New Deal group put forward proposals for a low carbon energy system that would make ‘every building a power station’ and the creation and training of ‘a “carbon army” of workers to provide the human resources for a vast environmental reconstruction programme’.27 In the intervening years numerous others have echoed this call. UNEP’s global Green New Deal widened the remit of spending to include investment in natural infrastructure: sustainable agriculture and ecosystem protection.

Surely more of a publicity stunt than a serious claim, the call nonetheless highlights the profound mess created by the financial crisis, with the vulnerable and not-so-vulnerable alike lobbying for direct support in the matter of their livelihoods.41 By far the most interesting variation on the Keynesian theme was the call for a Green New Deal. If the public sector is going to spend money to reinvigorate the economy, argued its advocates, wouldn’t it be as well to spend it investing in the new technologies that we know we are going to need to address the environmental and resource challenges of the twenty-first century? ‘Investments will soon be pouring back into the economy,’ suggested Pavan Sukdhev, the former Deutsche Bank economist leading research on the United Nations Environment Programme’s Green Economy initiative.


The New Map: Energy, Climate, and the Clash of Nations by Daniel Yergin

"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", 3D printing, 9 dash line, activist fund / activist shareholder / activist investor, addicted to oil, Admiral Zheng, Albert Einstein, American energy revolution, Asian financial crisis, autonomous vehicles, Ayatollah Khomeini, Bakken shale, Bernie Sanders, BRICs, British Empire, carbon tax, circular economy, clean tech, commodity super cycle, company town, coronavirus, COVID-19, decarbonisation, deep learning, Deng Xiaoping, Didi Chuxing, disruptive innovation, distributed generation, Donald Trump, driverless car, Edward Snowden, Elon Musk, energy security, energy transition, failed state, Ford Model T, geopolitical risk, gig economy, global pandemic, global supply chain, green new deal, Greta Thunberg, hydraulic fracturing, Indoor air pollution, Intergovernmental Panel on Climate Change (IPCC), inventory management, James Watt: steam engine, John Zimmer (Lyft cofounder), Kickstarter, LNG terminal, Lyft, Malacca Straits, Malcom McLean invented shipping containers, Masayoshi Son, Masdar, mass incarceration, megacity, megaproject, middle-income trap, Mikhail Gorbachev, mutually assured destruction, new economy, off grid, oil rush, oil shale / tar sands, oil shock, open economy, paypal mafia, peak oil, pension reform, power law, price mechanism, purchasing power parity, RAND corporation, rent-seeking, ride hailing / ride sharing, rolling blackouts, Ronald Reagan, Russian election interference, self-driving car, Silicon Valley, smart cities, social distancing, South China Sea, sovereign wealth fund, Suez crisis 1956, super pumped, supply-chain management, TED Talk, trade route, Travis Kalanick, Twitter Arab Spring, Uber and Lyft, uber lyft, ubercab, UNCLOS, UNCLOS, uranium enrichment, vertical integration, women in the workforce

Christina Zhao, “Alexandria Ocasio-Cortez Warns, ‘World Is Going to End in 12 Years’,” Newsweek, January 22, 2019; Green New Deal Fact Sheet, February 7, 2019, https://assets.documentcloud.org/documents/5729035/Green-New-Deal-FAQ.pdf; “House Resolution 109, Recognizing the Duty of the Federal Government to Create a Green New Deal,” February 2, 2019. For an analysis of a Green New Deal in terms of “how the economy has changed and government has evolved,” see Jason Bordoff, “Getting Real About the Green New Deal,” Democracy Journal, March 25, 2019. Chapter 43: The Renewable Landscape 1. “The Father of Photovoltaics—Martin Green Profile,” ABC, May 26, 2011. 2.

* * * — For some, the year 2050 is too far away and a transition over thirty years is too long. That is the essence of the Green New Deal launched on the steps of the U.S. Capitol by the left of the Democratic Party in 2019, led by Representative Alexandria Ocasio-Cortez, who had decided to run for Congress after joining the protest against the Dakota Access pipeline. In its content, this Green New Deal synced up closely with the Green New Deal platform of the Green Party candidate, Jill Stein, in the 2016 presidential election. The talking points released just prior to the official release of the Green New Deal called for the United States to be powered by 100 percent clean and renewable energy by 2030.

The talking points reflected the viewpoint of some of the advocates, but not all. They were pulled back just prior to the official launch of the Green New Deal. Ocasio-Cortez’s partner in launching the program, Senator Edward Markey, a veteran of decades of legislative battles, explained that the 100 percent was not a forecast, but rather was “aspirational.” The actual congressional resolution was more general, calling for a ten-year “new national, social, industrial, and economic mobilization on a scale not seen since World War II and the New Deal” to generate a Green New Deal that would meet a host of objectives—for instance, “counteract systemic injustices”—but principally “to achieve net-zero greenhouse gas emissions” and “100 percent of the power demand in the United States through clean, renewable, and zero-emission energy sources.”3 In the 2012 U.S. presidential debates, not a single question was asked about climate.


pages: 138 words: 40,525

This Is Not a Drill: An Extinction Rebellion Handbook by Extinction Rebellion

3D printing, autonomous vehicles, banks create money, biodiversity loss, bitcoin, blockchain, Buckminster Fuller, car-free, carbon footprint, carbon tax, circular economy, clean water, Colonization of Mars, CRISPR, crowdsourcing, David Attenborough, David Graeber, decarbonisation, deindustrialization, digital capitalism, Donald Trump, driverless car, drug harm reduction, Elon Musk, Ethereum, ethereum blockchain, Extinction Rebellion, Fairphone, feminist movement, full employment, Gail Bradbrook, gig economy, global pandemic, green new deal, Greta Thunberg, ice-free Arctic, Intergovernmental Panel on Climate Change (IPCC), Jeremy Corbyn, job automation, mass immigration, negative emissions, Peter Thiel, place-making, quantitative easing, Ray Kurzweil, retail therapy, rewilding, Sam Altman, smart grid, supply-chain management, tech billionaire, the scientific method, union organizing, urban sprawl, wealth creators

The Gilets Jaunes grasped a simple truth that the supposedly sophisticated centrists of the Macron government failed to see: the issue of the climate and the environment is an issue of social and economic justice, as well as ecological justice. It is this truth that US Congresswoman Alexandria Ocasio-Cortez’s Green New Deal bill, now being presented for debate in the US Congress, places front and centre. Aside from a fringe of deniers – admittedly well represented by the buffoon currently occupying the White House – all sides will now admit that climate breakdown, and wider environmental collapse, is an issue for all humanity. Above all, the Green New Deal presents society with a clear demand: transform the globalized financial system that fuels consumption, climate breakdown, economic crises and social injustice.

Houtman 3/ We are Not Prepared to Die – Mohamed Nasheed 4/ The Heat is Melting the Mountains – Kamla Joshi and Bhuvan Chand Joshi 5/ Fighting the Wrong War – JS Rafaeli with Neil Woods 6/ There’s Fear Now – Firefighter, California 7/ Indigenous Peoples and the Fight for Survival – Hindou Oumarou Ibrahim 8/ Survival of the Richest – Douglas Rushkoff 9/ Climate Sorrow – Susie Orbach 10/ The Climate Emergency and the End of Diversity – Matthew Todd 11/ Doom and Bloom: Adapting to Collapse – Jem Bendell 12/ Negotiating Surrender – Dougald Hine PART TWO: ACT NOW 13/ Courting Arrest – Jay Griffiths 14/ The Civil Resistance Model – Roger Hallam 15/ Movement Building – Professor Danny Burns and Cordula Reimann 16/ Building an Action – Tiana Jacout, Robin Boardman and Liam Geary Baulch 17/ Feeding the Rebellion – Momo Haque 18/ Cultural Roadblocks – James and Ruby 19/ Arts Factory – Miles Glyn and Clare Farrell 20/ One by One: A Media Strategy – Ronan McNern 21/ Going to Jail – Cathy Eastburn 22/ Police, Arrest and Support – Legal Team 23/ Reinforcements and Midnight Snacks – William Skeaping 24/ A Political View – Caroline Lucas MP 25/ A New Economics – Kate Raworth 26/ A Green New Deal – Clive Lewis MP 27/ The Zero-carbon City – Paul Chatterton 28/ What If … We Reduced Carbon Emissions to Zero by 2025? – Hazel Healy 29/ The Time is Now – Carne Ross Afterword – Rowan Williams What is Your Place in These Times? – Gail Bradbrook The Social Contract – Adam Wagner About the Author Extinction Rebellion are a new force taking realistic action at a critical time for our species and for life on this planet.

Support is also being provided to the youth-led school strike movement started by Greta Thunberg, and to the newly emerging Birthstrike movement which is taking off in many countries to support people who are choosing not to bring children into this world unless, and until, conditions improve. In the US, the Sunrise Movement is building bi-partisan support for a ten-year mobilization and investment plan called the Green New Deal. What all these movements have in common is a complete rejection of neoliberal economics and ‘business as usual’ politics. Yes, it is too late to prevent all the negative impacts of climate change. But this cannot destroy our capacity to nurture. It cannot destroy our capacity to love and our sense of justice.


pages: 263 words: 80,594

Stolen: How to Save the World From Financialisation by Grace Blakeley

"Friedman doctrine" OR "shareholder theory", activist fund / activist shareholder / activist investor, asset-backed security, balance sheet recession, bank run, banking crisis, banks create money, Basel III, basic income, battle of ideas, Berlin Wall, Big bang: deregulation of the City of London, Big Tech, bitcoin, bond market vigilante , Bretton Woods, business cycle, call centre, capital controls, Capital in the Twenty-First Century by Thomas Piketty, capitalist realism, Carmen Reinhart, central bank independence, collapse of Lehman Brothers, collective bargaining, corporate governance, corporate raider, credit crunch, Credit Default Swap, cryptocurrency, currency peg, David Graeber, debt deflation, decarbonisation, democratizing finance, Donald Trump, emotional labour, eurozone crisis, Extinction Rebellion, extractivism, Fall of the Berlin Wall, falling living standards, financial deregulation, financial innovation, Financial Instability Hypothesis, financial intermediation, fixed income, full employment, G4S, gender pay gap, gig economy, Gini coefficient, global reserve currency, global supply chain, green new deal, Greenspan put, housing crisis, Hyman Minsky, impact investing, income inequality, inflation targeting, Intergovernmental Panel on Climate Change (IPCC), Jeremy Corbyn, job polarisation, junk bonds, Kenneth Rogoff, Kickstarter, land value tax, light touch regulation, low interest rates, low skilled workers, market clearing, means of production, Modern Monetary Theory, money market fund, Mont Pelerin Society, moral hazard, mortgage debt, negative equity, neoliberal agenda, new economy, Nixon triggered the end of the Bretton Woods system, Northern Rock, offshore financial centre, paradox of thrift, payday loans, pensions crisis, Phillips curve, Ponzi scheme, Post-Keynesian economics, post-war consensus, price mechanism, principal–agent problem, profit motive, quantitative easing, race to the bottom, regulatory arbitrage, reserve currency, Right to Buy, rising living standards, risk-adjusted returns, road to serfdom, Robert Solow, savings glut, secular stagnation, shareholder value, Social Responsibility of Business Is to Increase Its Profits, sovereign wealth fund, the built environment, The Great Moderation, too big to fail, transfer pricing, universal basic income, Winter of Discontent, working-age population, yield curve, zero-sum game

A National Investment Bank and a Green New Deal The combination of higher taxes on corporations and the wealthy, and much greater levels of collective ownership across the economy achieved through the public system of investment outlined below, would provide the revenues necessary to make such a system sustainable over the long-term. Smart investment, aimed at raising incomes, reducing inequality and greening economic growth, would also increase tax revenues as well as achieving a variety of other objectives. This investment agenda should be undertaken under the mantle of the “Green New Deal”, involving a dramatic increase in state investment to decarbonise the economy.

When the NIB lends to a promising company, it should identify opportunities for the CWF to invest in that company in order to take advantage of the growth that would be fuelled by the NIB’s lending. The CWF should also invest in other strategic sectors of the economy as part of the Green New Deal— the state could provide bonds to allow the CWF to buy up stakes in private companies if necessary. Future nationalisations could also be undertaken through the CWF. The CWF should balance its investments between domestic and international assets that support the aims of the Green New Deal with maximising risk-adjusted returns. The PAM would also manage the private assets of domestic savers via public pensions pots, and the mutual and insurance funds that currently send their capital to private asset managers for investment.

Clearly, the massive scale of the challenge means that it cannot be dealt with through small policy tweaks. Systemic breakdown can only be undone through systemic change — a transformation in the very logic of our political and economic systems. Only a mass mobilisation of society’s resources, along the lines of the Green New Deal recently advocated by Alexandria Ocasio-Cortez in the US, will be enough to avert climate catastrophe. And this will require an increase in state spending directed into greening production, promoting research and development in green technology, and decarbonising energy and transport infrastructure, which would be unthinkable under the political economy of finance-led growth.


pages: 349 words: 99,230

Essential: How the Pandemic Transformed the Long Fight for Worker Justice by Jamie K. McCallum

Affordable Care Act / Obamacare, American Legislative Exchange Council, Anthropocene, antiwork, Bear Stearns, Bernie Sanders, Black Lives Matter, carbon tax, cognitive dissonance, collective bargaining, company town, coronavirus, COVID-19, death from overwork, defund the police, deindustrialization, deskilling, Donald Trump, Elon Musk, future of work, George Floyd, gig economy, global pandemic, global supply chain, Great Leap Forward, green new deal, housing crisis, income inequality, independent contractor, invisible hand, Jeff Bezos, job automation, karōshi / gwarosa / guolaosi, labor-force participation, laissez-faire capitalism, lockdown, Loma Prieta earthquake, low-wage service sector, Lyft, manufacturing employment, market fundamentalism, minimum wage unemployment, moral hazard, Naomi Klein, occupational segregation, post-work, QR code, race to the bottom, remote working, rewilding, ride hailing / ride sharing, side hustle, single-payer health, social distancing, stock buybacks, strikebreaker, subprime mortgage crisis, TaskRabbit, The Great Resignation, the strength of weak ties, trade route, Triangle Shirtwaist Factory, Uber and Lyft, uber lyft, union organizing, Upton Sinclair, women in the workforce, working poor, workplace surveillance , Works Progress Administration, zoonotic diseases

., Domestic Workers Chartbook: A Comprehensive Look at the Demographics, Wages, Benefits, and Poverty Rates of the Professionals Who Care for Our Family Members and Clean Our Homes, Economic Policy Institute, May 14, 2020, www.epi.org/publication/domestic-workers-chartbook-a-comprehensive-look-at-the-demographics-wages-benefits-and-poverty-rates-of-the-professionals-who-care-for-our-family-members-and-clean-our-homes/. 18. Kandra et al., Domestic Workers Chartbook; Campbell, “Kamala Harris Just Introduced a Bill.” 19. Marilyn A. Brown and Majid Ahmadi, “Would a Green New Deal Add or Kill Jobs?,” Scientific American, December 17, 2019, www.scientificamerican.com/article/would-a-green-new-deal-add-or-kill-jobs1/. 20. Christopher Flavelle, “Work Injuries Tied to Heat Are Vastly Undercounted, Study Finds,” New York Times, July 15, 2021, Climate, www.nytimes.com/2021/07/15/climate/heat-injuries.html; Erika Mahoney, “Farm Workers Face Double Threat: Wildfire Smoke and COVID-19,” NPR, September 7, 2020, www.npr.org/2020/09/07/909314223/farm-workers-face-double-threat-wildfire-smoke-and-covid-19; Whitney Kimball, “Amazon’s New Safety Crisis Could Be Heat Waves,” Gizmodo, June 29, 2021, https://gizmodo.com/amazons-new-safety-crisis-could-be-heat-waves-1847188930. 21.

In the single largest policy failure of the pandemic era, Build Back Better went bust. What does this mean for workers? What workers needed during the pandemic, and whenever it recedes, is only a more urgent version of what they’ve needed for decades. Three related goals could improve the power that workers have on and off the job: healthcare reform, a Green New Deal for labor, and reducing our overall dependence on paid work. These goals will only be won if workers can increase their power through unions and create a major crisis for corporations. In other words, we should support unions not only for the benefits they bring their members but also as vehicles for larger political change.

They’re in high demand these days due to the explosion of COVID cases at congregate living settings, the aging population, and the general unmet need for home-based care that predated the pandemic.15 Care work is done predominantly by women and people of color for poverty wages. Ady’s campaign to attach organizing rights to such funding increases would not merely improve the lives of caregivers or perhaps the quality of the care received. It would also overturn a discriminatory policy that has plagued even progressive reformers for almost a century. A Green New Deal for Labor The New Deal was a real attempt to reconcile the carnage of the Great Depression with the long-term promise of shared prosperity. It became an obvious historical flashpoint during the pandemic, provoking comparisons between Biden and Roosevelt. Both inherited a crisis, both showed surprisingly liberal policy stances early in their tenure, and both spoke up on behalf of workers.


pages: 446 words: 117,660

Arguing With Zombies: Economics, Politics, and the Fight for a Better Future by Paul Krugman

affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, Andrei Shleifer, antiwork, Asian financial crisis, bank run, banking crisis, basic income, behavioural economics, benefit corporation, Berlin Wall, Bernie Madoff, bitcoin, blockchain, bond market vigilante , Bonfire of the Vanities, business cycle, capital asset pricing model, carbon footprint, carbon tax, Carmen Reinhart, central bank independence, centre right, Climategate, cognitive dissonance, cryptocurrency, David Ricardo: comparative advantage, different worldview, Donald Trump, Edward Glaeser, employer provided health coverage, Eugene Fama: efficient market hypothesis, fake news, Fall of the Berlin Wall, fiat currency, financial deregulation, financial innovation, financial repression, frictionless, frictionless market, fudge factor, full employment, green new deal, Growth in a Time of Debt, hiring and firing, illegal immigration, income inequality, index fund, indoor plumbing, invisible hand, it is difficult to get a man to understand something, when his salary depends on his not understanding it, job automation, John Snow's cholera map, Joseph Schumpeter, Kenneth Rogoff, knowledge worker, labor-force participation, large denomination, liquidity trap, London Whale, low interest rates, market bubble, market clearing, market fundamentalism, means of production, Modern Monetary Theory, New Urbanism, obamacare, oil shock, open borders, Paul Samuelson, plutocrats, Ponzi scheme, post-truth, price stability, public intellectual, quantitative easing, road to serfdom, Robert Gordon, Robert Shiller, Ronald Reagan, secular stagnation, Seymour Hersh, stock buybacks, The Chicago School, The Great Moderation, the map is not the territory, The Wealth of Nations by Adam Smith, trade liberalization, transaction costs, universal basic income, very high income, We are all Keynesians now, working-age population

On the contrary, the party should spend the next two years figuring out what, exactly, it will try to do if it gains policymaking power in 2021. Which brings me to the big policy slogan of the moment: the so-called Green New Deal. Is this actually a good idea? Yes, it is. But it’s important to go beyond the appealing slogan, and hash out many of the details. You don’t want to be like the Republicans, who spent years talking big about repealing Obamacare, but never worked out a realistic alternative. So what does the Green New Deal mean? It’s not entirely clear, which is what makes it a good slogan: it could mean a number of good things. But the main thrust, as I understand it, is that we should make a big move to tackle climate change, and that this move should accentuate the positive, not the negative.

Add in investments in technology and infrastructure that supports alternative energy, and a Green New Deal that dramatically reduces emissions seems entirely practical, even without carbon taxes. And these policies would visibly create jobs in renewable energy, which already employs a lot more people than coal mining. Of course, some people would be hurt. The 53,000 Americans still employed in coal mining would eventually have to find other employment (and aid for workers in transition industries should be a part of the Green New Deal). Profits of fossil-fuel companies would also go down, although these companies now give almost all their money to the G.O.P., so it’s not clear why Democrats should care.

But borrowing at ultra-low interest rates to pay for investments in the future—infrastructure, of course, but also things like nutrition and health care for the young, who are the workers of tomorrow—is very defensible. Which brings us to the question of double standards. You don’t have to agree with everything in proposals for a “Green New Deal” to acknowledge that it’s very much an investment program, not a mere giveaway. So it has been very dismaying to see how much commentary on these proposals either demands an immediate, detailed explanation of how Democrats would pay for their ideas, or dismisses the whole thing as impractical.


pages: 393 words: 91,257

The Coming of Neo-Feudalism: A Warning to the Global Middle Class by Joel Kotkin

"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", "World Economic Forum" Davos, Admiral Zheng, Alvin Toffler, Andy Kessler, autonomous vehicles, basic income, Bernie Sanders, Big Tech, bread and circuses, Brexit referendum, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon credits, carbon footprint, Cass Sunstein, clean water, company town, content marketing, Cornelius Vanderbilt, creative destruction, data science, deindustrialization, demographic transition, deplatforming, don't be evil, Donald Trump, driverless car, edge city, Elon Musk, European colonialism, Evgeny Morozov, financial independence, Francis Fukuyama: the end of history, Future Shock, gentrification, gig economy, Gini coefficient, Google bus, Great Leap Forward, green new deal, guest worker program, Hans Rosling, Herbert Marcuse, housing crisis, income inequality, informal economy, Jane Jacobs, Jaron Lanier, Jeff Bezos, Jeremy Corbyn, job automation, job polarisation, job satisfaction, Joseph Schumpeter, land reform, liberal capitalism, life extension, low skilled workers, Lyft, Marc Benioff, Mark Zuckerberg, market fundamentalism, Martin Wolf, mass immigration, megacity, Michael Shellenberger, Nate Silver, new economy, New Urbanism, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, Occupy movement, Parag Khanna, Peter Thiel, plutocrats, post-industrial society, post-work, postindustrial economy, postnationalism / post nation state, precariat, profit motive, public intellectual, RAND corporation, Ray Kurzweil, rent control, Richard Florida, road to serfdom, Robert Gordon, Salesforce, Sam Altman, San Francisco homelessness, Satyajit Das, sharing economy, Sidewalk Labs, Silicon Valley, smart cities, Social Justice Warrior, Steve Jobs, Stewart Brand, superstar cities, technological determinism, Ted Nordhaus, The Death and Life of Great American Cities, The future is already here, The Future of Employment, The Rise and Fall of American Growth, Thomas L Friedman, too big to fail, trade route, Travis Kalanick, Uber and Lyft, uber lyft, universal basic income, unpaid internship, upwardly mobile, Virgin Galactic, We are the 99%, Wolfgang Streeck, women in the workforce, work culture , working-age population, Y Combinator

But some policies being implemented today—such as wide-scale wind power and battery-powered cars—may be less beneficial than promised, with unexpected costs and other disadvantages.25 The Paris Agreement on climate change appears to be having little effect, according to some observers.26 Draconian climate policies in California and Germany have managed to hurt the middle class and the poor while producing little meaningful reduction in greenhouse gas emissions.27 Extravagant policy proposals such as the recent “Green New Deal” floated in the U.S. Congress would cost trillions of dollars for uncertain benefits and divert resources from other priorities, such as reducing poverty or cleaning the oceans. In developing countries, an agenda like the Green New Deal could have the unintended effect of entrenching mass poverty, thus creating more dependency, and could bring new risks to health and sanitation as well.28 Most people naturally support environmental protection and efforts to address climate change, but are generally not willing to give up a large portion of their income for those purposes, especially when the benefits are dubious.

Expect More This Year,” Foundation for Economic Education, April 22, 2018, https://fee.org/articles/18-spectacularly-wrong-predictions-made-around-the-time-of-the-first-earth-day-in-1970-expect-more-this-year/; James Ridgeway, The Politics of Ecology (New York: Dutton, 1970), 195. 15 Garreau, “Environmentalism as Religion”; Thomas Robert Malthus, An Essay on the Principle of Population (New York: Norton, 2018), 42; David Adler, “Straight to Hell: Millenarianism and the Green New Deal,” Quillette, May 21, 2019, https://quillette.com/2019/05/21/straight-to-hell-millenarianism-and-the-green-new-deal/. 16 Marc Bloch, Feudal Society, trans. L. A. Manyon (London: Routledge, 1961), 84; Johan Huizinga, The Waning of the Middle Ages (Garden City, N.Y.: Doubleday, 1954), 138; Barbara Tuchman, A Distant Mirror: The Calamitous 14th Century (New York: Knopf, 1978), 327. 17 Prof.

q=palier+manow&lang=en&cc=nl; Herbert Kitschelt, “Diversification and Reconfiguration of Party Systems in Postindustrial Democracies,” Europäische Politik, March 2004, http://library.fes.de/pdf-files/id/02608.pdf. 33 “‘Labour will be in serious peril if it loses its working-class voters,’” Spiked, July 19, 2019, https://www.spiked-online.com/2019/07/19/labour-will-be-in-serious-peril-if-it-loses-its-working-class-voters/. 34 Rupert Darwall, “Behind the Green New Deal: An elite war on the working class,” New York Post, March 26, 2019, https://nypost.com/2019/03/26/behind-the-green-new-deal-an-elite-war-on-the-working-class/; David Friedman and Jennifer Hernandez, California, Greenhouse Gas Regulation, and Climate Change, Center for Demographics and Policy, Chapman University, http://www.newgeography.com/files/California%20GHG%20Regulation%20Final.pdf. 35 Timothy Puko, “The Big Name in Coal’s Resurgence: China,” Wall Street Journal, August 27, 2017, https://www.wsj.com/articles/the-big-name-in-coals-resurgence-china-1503835205; Fernand Braudel, The Structures of Everyday Life, vol. 1 of Civilization and Capitalism (New York: Harper & Row, 1982), 369. 36 Robert Bryce, “How to Lower U.S.


Doppelganger: A Trip Into the Mirror World by Naomi Klein

"World Economic Forum" Davos, 2021 United States Capitol attack, 3D printing, anti-communist, anti-globalists, autism spectrum disorder, benefit corporation, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, blood diamond, Boris Johnson, Boycotts of Israel, Cambridge Analytica, capitalist realism, ChatGPT, citizen journalism, Climategate, contact tracing, coronavirus, COVID-19, crisis actor, critical race theory, dark matter, deep learning, deepfake, deplatforming, disinformation, Donald Trump, Edward Snowden, Elon Musk, fake news, false flag, feminist movement, George Floyd, glass ceiling, global pandemic, global supply chain, green new deal, Greta Thunberg, hive mind, Intergovernmental Panel on Climate Change (IPCC), Internet Archive, Jeffrey Epstein, Johann Wolfgang von Goethe, lab leak, Lewis Mumford, lockdown, Mark Zuckerberg, mass immigration, mass incarceration, medical residency, military-industrial complex, moral panic, Naomi Klein, Nelson Mandela, neurotypical, new economy, opioid epidemic / opioid crisis, Parler "social media", pattern recognition, Peter Thiel, phenotype, profit motive, QAnon, QR code, Ralph Waldo Emerson, randomized controlled trial, Rosa Parks, Scientific racism, Scramble for Africa, shared worldview, sharing economy, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, Slavoj Žižek, smart cities, social distancing, Steve Bannon, surveillance capitalism, tech billionaire, tech bro, The Wealth of Nations by Adam Smith, TikTok, trade route, transatlantic slave trade, trickle-down economics, union organizing, W. E. B. Du Bois, Wayback Machine, women in the workforce

“intelligence service”: Naomi Wolf, “A Tale of Two Rape Charges,” The Great Debate (blog), Reuters, May 23, 2011. potentially fraudulent: “Naomi Wolf Compiles Ballot Paper Complaints,” The (Glasgow) Herald, September 27, 2014. not the demands: “Progressive Feminist Naomi Wolf Rips the Green New Deal as ‘Fascism’—‘I WANT a Green New Deal’ but ‘This One Is a Straight Up Power Grab,’” Climate Depot, February 21, 2021. “aluminum on a global level”: Tim Skillet @Gurdur, tweet, March 24, 2018, Twitter. “It was amazing to go to Belfast”: Naomi Wolf @naomirwolf, tweet, July 5, 2019, 1:13 a.m., in Séamas O’Reilly @shockproofbeats, tweet, April 5, 2020, 4:27 a.m., Twitter.

About the arrest of Dominique Strauss-Kahn, the former managing director of the International Monetary Fund, on allegations that he sexually assaulted a housekeeper in a New York City hotel room (the charges were eventually dropped and a civil suit settled but Wolf wondered if the whole thing had been an “intelligence service” operation designed to take Strauss-Kahn out of the running in French elections where he had been “the odds-on favorite to defeat Nicolas Sarkozy”). About the results of the 2014 Scottish referendum on independence, which the “no” vote won by a margin of more than ten percent (potentially fraudulent, she claimed, based on an assortment of testimonies she collected). About the Green New Deal (not the demands of grassroots climate justice movements, she said, but yet another elite-orchestrated cover for “fascism”). In our era of extreme wealth concentration and seemingly bottomless impunity for the powerful, it is perfectly rational, even wise, to probe official stories for their veracity.

Looking back, this is really when the problems started for me; the point when Wolf stopped seeming quite as much like her—the Naomi who wrote books about the battles waged over women’s bodies—and started sounding, well, more like me—the Naomi who writes about corporate exploitation of states of shock. Am I saying that this confusion was intentional on Wolf’s part? Not at all. Just deeply unfortunate. And it wasn’t just that one book. I had started writing about the Green New Deal in 2018. She did, too, shortly after, only with her special conspiracy twists. I began publishing about the dangers of geoengineering as a response to the climate crisis, with a particular focus on how high-altitude simulations of volcanoes that were intended to partially dim the sun risked interfering with rainfall in the Southern Hemisphere.


pages: 320 words: 95,629

Decoding the World: A Roadmap for the Questioner by Po Bronson

23andMe, 3D printing, 4chan, Abraham Maslow, Affordable Care Act / Obamacare, altcoin, Apple's 1984 Super Bowl advert, Asilomar, autonomous vehicles, basic income, Big Tech, bitcoin, blockchain, Burning Man, call centre, carbon credits, carbon tax, cognitive bias, cognitive dissonance, coronavirus, COVID-19, CRISPR, cryptocurrency, decarbonisation, deep learning, deepfake, DeepMind, dematerialisation, Donald Trump, driverless car, dumpster diving, edge city, Ethereum, ethereum blockchain, Eyjafjallajökull, factory automation, fake news, financial independence, Google X / Alphabet X, green new deal, income inequality, industrial robot, Isaac Newton, Jeff Bezos, Kevin Kelly, Kickstarter, Mars Rover, mass immigration, McMansion, means of production, microbiome, microplastics / micro fibres, oil shale / tar sands, opioid epidemic / opioid crisis, Paul Graham, paypal mafia, phenotype, Ponzi scheme, power law, quantum entanglement, Ronald Reagan, Sand Hill Road, sharing economy, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, smart contracts, source of truth, stem cell, Steve Jobs, Steve Jurvetson, sustainable-tourism, synthetic biology, Tesla Model S, too big to fail, trade route, universal basic income, Watson beat the top human players on Jeopardy!, women in the workforce

Maybe we can repurpose an existing plan that’s already been written, like the Green New Deal. And swap out green for blue, so it becomes the Blue New Deal. Blue like Blue Cross or Blue Shield. I’m aware this sounds preposterous. So pretend for a moment that I’m not at all serious, and that this is just an interesting thought exercise. Let’s explore the question of whether planetary health and human health have much in common. And let’s evaluate whether the solutions to the former shed any new light on the solutions for the latter. If you’re not a fan of the Green New Deal, no problem. It works for the Paris Accords or Project Drawdown or whichever atmosphere-rescue plan you prefer.

It works for the Paris Accords or Project Drawdown or whichever atmosphere-rescue plan you prefer. I’m just using the Green New Deal because it’s got the catchiest name. My hunch is that if we force ourselves to view health care reform through this lens, it’s going to reveal new insights—and perhaps change our priorities. I’m fully aware this is uncharted territory. It’s an experiment. To win Super Bowl LIII, the New England Patriots didn’t say, “Hey, let’s borrow the game plan the Lakers used from the Showtime era!” And to beat back Al Qaeda, Gen. Stanley McChrystal didn’t say, “Let’s try Steve Jobs’ plan to create the iPhone.”

Both build up side effects from energy production. Both are dramatically impacted by microbes. Both require prevention and repair. Both are going to cost a lot. Both have been ignored for decades. Both are encountering problems we’ve never seen on this scale before. So without going through every little detail of the Green New Deal, let’s hit some highlights of this crazy analysis. 1. DECARBONIZE THE ENERGY SUPPLY Oil is 87 percent carbon. Coal is 88 percent carbon. When we burn it, we fill the atmosphere with trouble. At first glance, this has nothing to do with health care. But consider this: Of all the things we eat, the big troublemaker is sugar.


pages: 182 words: 53,802

The Production of Money: How to Break the Power of Banks by Ann Pettifor

Alan Greenspan, Ben Bernanke: helicopter money, Bernie Madoff, Bernie Sanders, bitcoin, blockchain, bond market vigilante , borderless world, Bretton Woods, capital controls, Carmen Reinhart, central bank independence, clean water, credit crunch, Credit Default Swap, cryptocurrency, David Graeber, David Ricardo: comparative advantage, debt deflation, decarbonisation, distributed ledger, Donald Trump, eurozone crisis, fiat currency, financial deregulation, financial engineering, financial innovation, financial intermediation, financial repression, fixed income, Fractional reserve banking, full employment, Glass-Steagall Act, green new deal, Hyman Minsky, inflation targeting, interest rate derivative, invisible hand, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kenneth Rogoff, Kickstarter, land bank, Leo Hollis, light touch regulation, London Interbank Offered Rate, low interest rates, market fundamentalism, Martin Wolf, mobile money, Money creation, Naomi Klein, neoliberal agenda, offshore financial centre, Paul Samuelson, Ponzi scheme, Post-Keynesian economics, pushing on a string, quantitative easing, rent-seeking, Satyajit Das, savings glut, secular stagnation, The Chicago School, the market place, Thomas Malthus, Tobin tax, too big to fail

The Mess We’re In 1Margaret Thatcher speech to the Conservative Party, October 1983, margaretthatcher.org/document/105454, accessed 1 October 2013. 2Bernie Sanders, ‘Federal Reserve System: Opportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance’, US Government Accountability Office, July 2011, sanders.senate.gov, accessed 4 October 2013. 3Mervyn King speech, cited in ‘BoE Governor Signals Fragile UK Recovery’, Sky News, 21 October 2009, news.sky.com, accessed 4 October 2013. 4Mervyn King speech to Scottish Business Organisations, Edinburgh, 20 October 2009. 5Liam Byrne quoted in Paul Owen, ‘Ex-Treasury Secretary Liam Byrne’s Note to His Successor: There’s No Money Left’, Guardian, 17 May 2010, theguardian.com, accessed 4 October 2011. 6Rowena Mason, ‘George Osborne: UK Has Run Out of Money’, Daily Telegraph, 27 February 2012, telegraph.co.uk, accessed 4 October 2013. 7Ed Balls speech, ‘Striking the Right Balance for the British Economy’, Thomson Reuters, 3 June 2013, labour.org.uk, accessed 4 October 2013. 8Jeremy Warner, ‘Oh God – I Cannot Take Any More of the Austerity Debate’, Daily Telegraph blog, 11 September 2013, telegraph.co.uk, accessed 3 October 2013. 9Adam Kucharski, ‘Betting and Investment Both Require Skill and Luck’, Financial Times, 5 May 2016, ft.com, accessed 1 September 2016. 10OECD, ‘Stronger Growth Remains Elusive: Urgent Policy Response Is Needed’, Interim Economic Outlook, 18 February 2016, oecd.org, accessed 6 June 2016. 11Richard Koo cited in ‘Quantitative Easing, the Greatest Monetary Non-Event’, Pragmatic Capitalism, 9 August 2010, pragcap.com, accessed 3 October 2013. My emphasis. 12The following paragraphs are drawn from the second report of the Green New Deal of which Ann Pettifor was a co-author. The Green New Deal Group, ‘The Cuts Won’t Work’, New Economics Foundation, 7 December 2009, greennewdealgroup.org, accessed 25 March 2014. 13Olivier Blanchard and Daniel Leigh, ‘Growth Forecast Errors and Fiscal Multipliers’, IMF Working Paper, January 2013, imf. org, accessed 6 June 2016. 14John Maynard Keynes, The Means to Prosperity, London: Macmillan, 1933.

., Economics, Ecology, Ethics, San Francisco: W.H. Freeman & Co., 1973. Daly, H.E., Steady-State Economics, San Francisco: W. H. Freeman & Co., 1977. Elliott, Larry and Colin Hines, Tony Juniper, Jeremy Leggett, Caroline Lucas, Richard Murphy, Ann Pettifor, Charles Secrett, Andrew Simms, A Green New Deal, London: Green New Deal Group, 2009, greennewdealgroup.org. See also The Cuts Won’t Work, greennewdealgroup.org. Galbraith, J.K., The Great Crash, 1929, London: Penguin Books, 1992. Geisst, Charles R., Beggar Thy Neighbor: A History of Usury and Debt, Philadelphia: University of Pennsylvania Press, 2013.


pages: 286 words: 87,168

Less Is More: How Degrowth Will Save the World by Jason Hickel

air freight, Airbnb, Anthropocene, basic income, Bernie Sanders, Big bang: deregulation of the City of London, biodiversity loss, Boris Johnson, Bretton Woods, British Empire, capital controls, circular economy, cognitive dissonance, coronavirus, corporate governance, corporate personhood, cotton gin, COVID-19, David Graeber, decarbonisation, declining real wages, degrowth, deindustrialization, dematerialisation, disinformation, Elon Musk, energy transition, Extinction Rebellion, extractivism, Fairphone, Fellow of the Royal Society, flying shuttle, Fractional reserve banking, Francis Fukuyama: the end of history, full employment, gender pay gap, green new deal, Greta Thunberg, income inequality, Intergovernmental Panel on Climate Change (IPCC), invention of the steam engine, James Watt: steam engine, Jeff Bezos, Jevons paradox, John Maynard Keynes: Economic Possibilities for our Grandchildren, land reform, liberal capitalism, lockdown, longitudinal study, low interest rates, Mahatma Gandhi, Mark Zuckerberg, McMansion, means of production, meta-analysis, microbiome, Money creation, moral hazard, mortgage debt, Murray Bookchin, Naomi Klein, negative emissions, new economy, ocean acidification, offshore financial centre, oil shale / tar sands, opioid epidemic / opioid crisis, out of africa, passive income, planetary scale, planned obsolescence, plutocrats, Post-Keynesian economics, quantitative easing, rent control, rent-seeking, retail therapy, Ronald Reagan, Rupert Read, Scramble for Africa, secular stagnation, shareholder value, sharing economy, Simon Kuznets, structural adjustment programs, the scientific method, The Spirit Level, transatlantic slave trade, trickle-down economics, universal basic income

He is originally from Eswatini (Swaziland) and spent a number of years with migrant workers in South Africa, writing about exploitation and political resistance in the wake of apartheid. He has authored three books, including most recently The Divide: A Brief Guide to Global Inequality and its Solutions. He writes regularly for the Guardian, Al Jazeera and Foreign Policy, serves as an advisor for the Green New Deal for Europe and sits on the Lancet Commission for Reparations and Redistributive Justice. He lives in London. ALSO BY JASON HICKEL The Divide: A Brief Guide to Global Inequality and its Solutions We don’t have a right to ask whether we are going to succeed or not. The only question we have a right to ask is what’s the right thing to do?

Global ecological breakdown is being driven almost entirely by excess growth in high-income countries, and in particular by excess accumulation among the very rich, while the consequences hurt the global South, and the poor, disproportionately.32 Ultimately, this is a crisis of inequality as much as anything else. * We know exactly what we need to do in order to avert climate breakdown. We need to mobilise a rapid rollout of renewable energy – a global Green New Deal – to cut world emissions in half within a decade and get to zero before 2050. Keep in mind that this is a global average target. High-income nations, given their greater responsibility for historical emissions, need to do it much more quickly, reaching zero by 2030.33 It is impossible to overstate how dramatic this is; it is the single most challenging task that humanity has ever faced.

While this target fails to meet the earlier decarbonisation dates required of rich nations, it nonetheless marked a significant shift. Meanwhile, a similar movement was rippling across the United States. In February 2019, Congresswoman Alexandria Ocasio-Cortez and Senator Edward Markey released a resolution for the Green New Deal, which called for a ten-year national mobilisation with the goal of shifting the United States to 100% clean energy. The idea caught fire: the progressive wing of the Democratic Party lined up behind it, and opinion polls showed that more Americans supported the idea than rejected it. Republican leaders rounded on the plan, and conservative media launched relentless attacks.


pages: 295 words: 81,861

Road to Nowhere: What Silicon Valley Gets Wrong About the Future of Transportation by Paris Marx

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, A Declaration of the Independence of Cyberspace, Airbnb, An Inconvenient Truth, autonomous vehicles, back-to-the-land, Berlin Wall, Bernie Sanders, bike sharing, Californian Ideology, car-free, carbon credits, carbon footprint, cashless society, clean tech, cloud computing, colonial exploitation, computer vision, congestion pricing, corporate governance, correlation does not imply causation, COVID-19, DARPA: Urban Challenge, David Graeber, deep learning, degrowth, deindustrialization, deskilling, Didi Chuxing, digital map, digital rights, Donald Shoup, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Elaine Herzberg, Elon Musk, energy transition, Evgeny Morozov, Extinction Rebellion, extractivism, Fairchild Semiconductor, Ford Model T, frictionless, future of work, General Motors Futurama, gentrification, George Gilder, gig economy, gigafactory, global pandemic, global supply chain, Google Glasses, Google X / Alphabet X, green new deal, Greyball, high-speed rail, Hyperloop, independent contractor, Induced demand, intermodal, Jane Jacobs, Jeff Bezos, jitney, John Perry Barlow, Kevin Kelly, knowledge worker, late capitalism, Leo Hollis, lockdown, low interest rates, Lyft, Marc Benioff, market fundamentalism, minimum viable product, Mother of all demos, move fast and break things, Murray Bookchin, new economy, oil shock, packet switching, Pacto Ecosocial del Sur, Peter Thiel, pre–internet, price mechanism, private spaceflight, quantitative easing, QWERTY keyboard, Ralph Nader, Richard Florida, ride hailing / ride sharing, Ronald Reagan, safety bicycle, Salesforce, School Strike for Climate, self-driving car, Sidewalk Labs, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, smart cities, social distancing, Southern State Parkway, Steve Jobs, Stewart Brand, Stop de Kindermoord, streetcar suburb, tech billionaire, tech worker, techlash, technological determinism, technological solutionism, technoutopianism, the built environment, The Death and Life of Great American Cities, TikTok, transit-oriented development, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, Unsafe at Any Speed, urban planning, urban renewal, VTOL, walkable city, We are as Gods, We wanted flying cars, instead we got 140 characters, WeWork, Whole Earth Catalog, Whole Earth Review, work culture , Yom Kippur War, young professional

Locally, transit activists are fighting the removal of fares and for better service in their communities, while housing activists are pushing back against gentrification and demanding public housing so residents can afford to stay in their communities. In the United States, the Green New Deal galvanized climate activists to fight for an ambitious program to address the climate crisis, while empowering them to collectively imagine what an equitable and sustainable future should look like. That challenge was taken up around the world under the Green New Deal banner, but also by activists with Extinction Rebellion, School Strike for Climate, and regional initiatives like the Pacto Ecosocial del Sur in Latin America.

We Just Call Them ‘Venture Capitalists,’” Intelligencer, December 2, 2020, Nymag.com. 2 Martin Kenney and John Zysman, “Unicorns, Cheshire Cats, and the New Dilemmas of Entrepreneurial Finance,” Venture Capital 21:1, 2019, p. 39. 3 Megan Cerullo, “Uber Loses an Average of 58 Cents Per Ride—and Says It’s Ready to Go Public,” CBS News, May 6, 2019, Cbsnews.com. 4 Mark O’Connell, “Why Silicon Valley Billionaires Are Prepping for the Apocalypse in New Zealand,” Guardian, February 15, 2018, Theguardian.com. 5 Kate Aronoff et al., A Planet to Win: Why We Need a Green New Deal, Verso Books, 2019, p. 108. 6 Charlie Jarvis, “A Shopper’s Heaven,” Real Life, March 29, 2021, Reallifemag.com. 7 Adam Forrest, “‘It’s Scary’: Shoppers Give Verdict on Amazon’s Futuristic Till-Free Supermarket,” Independent, March 4, 2021, Independent.co.uk. 8 Chris Gilliard, “Pedagogy and the Logic of Platforms,” Educause Review 52:4, July 3, 2017. 9 Chris Gilliard, “Friction-Free Racism,” Real Life, October 15, 2018, Reallifemag.com. 10 Lauren Smiley, “The Shut-In Economy,” Matter, March 25, 2015, Medium.com. 11 David A.

: Public Transit in the Age of Google, Uber, and Elon Musk, Between the Lines Books, 2020, pp. 193–205. 20 Untokening, “Untokening 1.0—Principles of Mobility Justice,” The Untokening (blog), November 11, 2017, Untokening.org. 21 George Monbiot, “Public Luxury for All or Private Luxury for Some: This Is the Choice We Face,” Guardian, May 31, 2017, Theguardian.com. 22 Aaron Vansintjan, “Public Abundance Is the Secret to the Green New Deal,” Green European Journal, May 27, 2020. 23 For specific proposals, see Callum Cant, Riding for Deliveroo: Resistance in the New Economy, Polity Press, 2019; Dan Hind, “The British Digital Cooperative: A New Model Public Sector Institution,” Common Wealth, September 20, 2019, Common-wealth.co.uk; “Our Plan,” Delivering Community Power, n.d., Deliveringcommunitypower.ca; Paris Marx, “Build Socialism Through the Post Office,” Jacobin, April 15, 2020, Jacobinmag.com. 24 See Salomé Viljoen, “Data as Property?


pages: 234 words: 67,589

Internet for the People: The Fight for Our Digital Future by Ben Tarnoff

4chan, A Declaration of the Independence of Cyberspace, accounting loophole / creative accounting, Alan Greenspan, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, algorithmic management, AltaVista, Amazon Web Services, barriers to entry, Bernie Sanders, Big Tech, Black Lives Matter, blue-collar work, business logic, call centre, Charles Babbage, cloud computing, computer vision, coronavirus, COVID-19, decentralized internet, deep learning, defund the police, deindustrialization, desegregation, digital divide, disinformation, Edward Snowden, electricity market, fake news, Filter Bubble, financial intermediation, future of work, gamification, General Magic , gig economy, God and Mammon, green new deal, independent contractor, information asymmetry, Internet of things, Jeff Bezos, Jessica Bruder, John Markoff, John Perry Barlow, Kevin Roose, Kickstarter, Leo Hollis, lockdown, lone genius, low interest rates, Lyft, Mark Zuckerberg, means of production, Menlo Park, natural language processing, Network effects, Nicholas Carr, packet switching, PageRank, pattern recognition, pets.com, profit maximization, profit motive, QAnon, recommendation engine, rent-seeking, ride hailing / ride sharing, Sheryl Sandberg, Shoshana Zuboff, side project, Silicon Valley, single-payer health, smart grid, social distancing, Steven Levy, stock buybacks, supply-chain management, surveillance capitalism, techlash, Telecommunications Act of 1996, TikTok, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, undersea cable, UUNET, vertical integration, Victor Gruen, web application, working poor, Yochai Benkler

Chattanooga’s EPB interconnects with Level 3, Hurricane Electric, and Cogent Communications; see bgp.he.net/AS26827#_asinfo. 55, In fact, this may become … Comcast, Charter, Verizon, and AT&T account for 76 percent of all internet subscriptions in the country; see Pickard and Berman, After Net Neutrality, 58–59. Verizon, AT&T, and Comcast are the companies that also operate backbones. 56, The Green New Deal might offer … “When clouds soften …”: Kate Aronoff, Alyssa Battistoni, Daniel Aldana Cohen, and Thea Riofrancos, A Planet to Win: Why We Need a Green New Deal (London: Verso, 2019), 107. Thousands of miles of unused “dark” fiber: There are two main reasons that so much unused fiber exists. The first is the legacy of overbuilding during the dot-com boom. The second is the fact that overbuilding is the norm: fiber is typically laid with more capacity than will be immediately used due to the expense associated with installation. 56, This may seem impractical … The original German line from Dantons Tod (1835) reads, “Wer eine Revolution zur Hälfte vollendet, gräbt sich selbst sein Grab.” 4.

Warren proposed giving $85 billion in federal grants to cooperatives, local governments, nonprofits, and tribes to build infrastructure for “high-speed public broadband.” Sanders called for $150 billion in both grants and technical assistance to municipalities and states “to build publicly owned and democratically controlled, co-operative, or open access broadband networks.” Significantly, Sanders also tied his proposal to the Green New Deal. The same networks that deliver internet service could support smart grids that improve energy efficiency, as in Chattanooga. This kind of support is indispensable for bringing community networks from the margins to the mainstream. It could help modernize existing networks, and create thousands of new ones.

Of the four firms that account for 76 percent of all internet subscriptions in the US, three also operate backbones. They could refuse to work with community networks, leaving them stranded. This is the legacy of privatization: a corporate dictatorship over critical infrastructure. Creating alternatives may be the only hope for community networks to achieve their full potential. The Green New Deal might offer one possibility for doing so. Climate activists have been calling for a national electricity grid that could efficiently distribute renewable energy across the US. “When clouds soften the California sun, wind from Texas can charge Los Angeles’s buses; when the Georgia sun sets, offshore winds on the eastern seaboard could power Atlanta’s streetlights,” write Kate Aronoff, Alyssa Battistoni, Daniel Aldana Cohen, and Thea Riofrancos in their co- authored book A Planet to Win.


pages: 319 words: 75,257

Trumpocalypse: Restoring American Democracy by David Frum

Affordable Care Act / Obamacare, anti-globalists, Bernie Sanders, carbon tax, centre right, coronavirus, currency manipulation / currency intervention, decarbonisation, deplatforming, disinformation, Donald Trump, Edward Snowden, employer provided health coverage, fake news, green new deal, Greta Thunberg, illegal immigration, immigration reform, labor-force participation, manufacturing employment, mass immigration, microaggression, Mikhail Gorbachev, Nate Silver, obamacare, offshore financial centre, open immigration, Paris climate accords, Peter Thiel, plutocrats, QAnon, rent-seeking, Ronald Reagan, Saturday Night Live, Silicon Valley, Steve Bannon, W. E. B. Du Bois

“We have got to be super aggressive if we love our children and if we want to leave them a planet that is healthy and is habitable,” Senator Bernie Sanders said at the Democratic presidential debate in Detroit in July 2019. “What that means is we got to take on the fossil fuel industry.”21 Progressive Democrats united upon a plan for a Green New Deal that rapidly pivoted away from decarbonization to endorse state ownership of industries, government-guaranteed unionized jobs, and a proliferation of committees of “frontline and vulnerable communities” to “plan, implement, and administer” the spending of government clean-energy money, all while protecting “every business person” from “unfair competition.”22 Climate is a summons to human reason and problem solving.

If so . . . even shifting as colossal a sum as $100 billion a year from military defense to environmental defense would still leave the United States with a more than 3:1 spending advantage over the Chinese armed forces.46 And since most Chinese military spending is focused on repressing its own people at home, the American advantage in projectable power would remain that much greater. A carbon-reversing economy can still be a free-enterprise economy. The Green New Deal’s call for more state ownership is perverse. As the grisly history of the Oak Ridge Tennessee nuclear complex should have taught us—thousands of workers left sick and dying from radiation illness—when government acts as an operator of potentially hazardous technology, it gives short shrift to its more important role as safety regulator.

“This Changes Everything—The Book,” This Changes Everything, accessed November 13, 2019, https://thischangeseverything.org/book/. 21. “Transcript: The First Night of the Second Democratic Debate,” Washington Post, July 30, 2019, https://www.washingtonpost.com/politics/2019/07/31/transcript-first-night-second-democratic-debate/. 22. Recognizing the duty of the federal government to create a Green New Deal, H. Res. 109, 116th Cong. (2019), https://www.congress.gov/bill/116th-congress/house-resolution/109/text. 23. “Billion-Dollar Weather and Climate Disasters: Overview,” NOAA National Centers for Environmental Information, accessed November 13, 2019, https://www.ncdc.noaa.gov/billions/. 24.


pages: 501 words: 134,867

A Line in the Tar Sands: Struggles for Environmental Justice by Tony Weis, Joshua Kahn Russell

addicted to oil, Bakken shale, bilateral investment treaty, call centre, carbon footprint, clean water, colonial exploitation, conceptual framework, corporate social responsibility, decarbonisation, Deep Water Horizon, en.wikipedia.org, energy security, energy transition, Exxon Valdez, failed state, gentrification, global village, green new deal, guest worker program, happiness index / gross national happiness, high-speed rail, hydraulic fracturing, immigration reform, Intergovernmental Panel on Climate Change (IPCC), investor state dispute settlement, invisible hand, Jevons paradox, liberal capitalism, LNG terminal, market fundamentalism, means of production, megaproject, military-industrial complex, Naomi Klein, new economy, Occupy movement, off-the-grid, oil shale / tar sands, peak oil, profit maximization, public intellectual, race to the bottom, smart grid, special economic zone, WikiLeaks, working poor

Like other such reports, Green Jobs urges a mix of stronger public investment and regulation with market-based policy instruments: carbon markets; payment for ecosystem services schemes; eco-taxes; and redirection of incentives and subsidies from “dirty” to “green” industries. Since the economic crisis, this “institutional ecology” project is associated with the idea of a “Green New Deal,” as part of a Keynesian stimulus package to tackle economic stagnation.11 Government stimulus funds, for example, could be mobilized to build the infrastructure for a transition to renewable—solar, wind, biofuels—energy and other “green” sectors rather than further lock in a high-carbon infrastructure. The Green New Deal also commonly includes: support for research and development into energy- and resource-efficient technologies; upgrading public infrastructure and building “smart grids”; retrofitting buildings; and expanding public transportation.

A few key Canadian interventions are Tony Clarke, Jim Stanford, Diana Gibson, and Brendan Haley, The Bitumen Cliff: Lessons and Challenges of Bitumen Mega-Developments for Canada’s Economy in an Age of Climate Change (Ottawa: CCPA, 2013); Making the Shift to a Green Economy: A Common Platform of the Green Economy Network (Ottawa: GEN, 2011); Andrea Harden-Donahue and Andrea Peart, Green, Decent and Public (Ottawa: Canadian Labour Congress/Council of Canadians, 2009). 11. A few prominent examples: UNEP, Global Green New Deal Policy Brief (Geneva: UNEP, 2009); Robert Pollin et al., Green Recovery: A Program to Create Good Jobs and Start Building a Low-carbon Economy (PERI and Centre for American Progress, 2008); A Green New Deal: Joined-up Policies to Solve the Triple Crunch of the Credit Crisis, Climate Change and High Oil Prices (London: New Economics Foundation, 2008). 12. ILO, Building a Sustainable, Job-Rich Recovery (Geneva: ILO, 2011); ILO, Towards a Greener Economy: The Social Dimensions (Geneva: ILO, 2011); OECD, The Jobs Potential of a Shift Towards a Low-Carbon Economy (Paris: OECD, 2012). 13.

A variety of studies suggest that reductions in greenhouse pollution on the order of 2 to 3 per cent or more per year are necessary to avoid irreversible climate tipping points.22 While energy use has been successfully decoupled from economic growth for limited periods of time, especially in the aftermath of the 1970s Arab oil embargo, it is highly unlikely that a successful climate mitigation strategy will be compatible with the levels of growth that are historically associated with economic prosperity and rising employment.23 This remains a significant obstacle to engaging those who remain wedded to the economics of growth. While promising proposals for “green jobs,” a Green New Deal, and a just transition away from fossil fuels have been advanced by labour, business, and environmental groups alike, it is increasingly doubtful that we can reduce carbon dioxide emissions quickly enough without more fundamentally overturning the capitalist growth paradigm. It is also increasingly apparent that fears of impending crisis and catastrophe can serve to increase many people’s resistance to fundamental change.


pages: 197 words: 49,296

The Future We Choose: Surviving the Climate Crisis by Christiana Figueres, Tom Rivett-Carnac

3D printing, Airbnb, AlphaGo, Anthropocene, autonomous vehicles, Berlin Wall, biodiversity loss, carbon footprint, circular economy, clean water, David Attenborough, decarbonisation, DeepMind, dematerialisation, Demis Hassabis, disinformation, Donald Trump, driverless car, en.wikipedia.org, Extinction Rebellion, F. W. de Klerk, Fall of the Berlin Wall, Gail Bradbrook, General Motors Futurama, green new deal, Greta Thunberg, high-speed rail, income inequality, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Jeff Bezos, job automation, Lyft, Mahatma Gandhi, Marc Benioff, Martin Wolf, mass immigration, Mustafa Suleyman, Nelson Mandela, new economy, ocean acidification, plant based meat, post-truth, rewilding, ride hailing / ride sharing, self-driving car, smart grid, sovereign wealth fund, the scientific method, trade route, uber lyft, urban planning, urban sprawl, Yogi Berra

Women Are Ready to Solve It,” Fortune, September 12, 2018, https://fortune.com/​2018/​09/​12/​climate-change-sustainability-women-leaders/. 90. Project Drawdown. 91. Ibid. 92. Brand New Congress, https://brandnewcongress.org/. 93. Andrea González-Ramírez, “The Green New Deal Championed by Alexandria Ocasio-Cortez Gains Momentum,” Refinery29, February 7, 2019, https://www.refinery29.com/​en-us/​2018/​12/​219189/​alexandria-ocasio-cortez-green-new-deal-climate-change; on female solidarity and the recognition of U.S. female politicians for the suffragist movement: Sirena Bergman, “State of the Union: How Congresswomen Used Their Outfits to Make a Statement at Trump’s Big Address,” Independent, February 6, 2019, https://www.independent.co.uk/​life-style/​women/​trump-state-union-women-ocasio-cortez-pelosi-suffragette-white-a8765371.html. 94.

In Worldwatch Institute, ed., State of the World 2010: Transforming Cultures from Consumerism to Sustainability. New York: W. W. Norton, 2010. Jackson, Tim. Prosperity Without Growth: Economics for a Finite Planet. London: Routledge Earthscan, 2009. Klein, Naomi. On Fire: The (Burning) Case for a Green New Deal. New York: Simon and Schuster, 2019. ———. This Changes Everything: Capitalism vs. the Climate. New York: Simon and Schuster, 2015. Lovins, L. Hunter, Stewart Wallis, Anders Wijkman, and John Fullerton. A Finer Future: Creating an Economy in Service to Life. Philadelphia: New Society, 2018.


pages: 304 words: 90,084

Net Zero: How We Stop Causing Climate Change by Dieter Helm

3D printing, autonomous vehicles, Berlin Wall, biodiversity loss, blockchain, Boris Johnson, carbon credits, carbon footprint, carbon tax, clean water, congestion charging, coronavirus, COVID-19, CRISPR, decarbonisation, deindustrialization, demand response, Deng Xiaoping, Donald Trump, electricity market, Extinction Rebellion, fixed income, food miles, Ford Model T, Francis Fukuyama: the end of history, general purpose technology, Great Leap Forward, green new deal, Greta Thunberg, Haber-Bosch Process, high-speed rail, hydrogen economy, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Jevons paradox, lockdown, market design, means of production, microplastics / micro fibres, North Sea oil, ocean acidification, off grid, off-the-grid, oil shale / tar sands, oil shock, peak oil, planetary scale, precautionary principle, price mechanism, quantitative easing, remote working, reshoring, rewilding, Ronald Reagan, smart meter, South China Sea, sovereign wealth fund, statistical model, systems thinking, Thomas Malthus

The government crushed consumption with high taxation and rationing, and then rerouted the tax revenues to investment in war machinery and the associated wartime infrastructure. Now, the revenues from pollution taxes could be rerouted to green infrastructure spending and R&D. This is a switch, whereas many advocates of a ‘green new deal’ want to maintain consumption, paying for investment through borrowing, and not through higher levels of saving. They want aggregate consumption to go up to increase aggregate demand and to decarbonise, and get future people to pay back the debt. What climate change demands is to reduce consumption to a sustainable level and use the savings generated to pay for investment, as in a wartime economy.

It is not difficult to see what a hard sell to the electorate this is going to be, if taxes are to pay for the massive investment needed. It takes wars to get people to vote for substantial tax hikes, and successive left governments have found it very difficult to introduce even modest wealth taxes. This is where the honest activities get overtaken by less honest ones. In the US and some European ‘green new deals’, the tax issue is avoided by advocating borrowing instead, playing the classic Keynesian card. New national investment banks and national transformation funds are going to be tasked with borrowing to finance the investments. It is going to be pay-when-delivered, rather than pay-as-you-go (the model under the nationalised industries in the postwar period).

Some of this saving we will have to do anyway to pay for our pensions, which we chronically underfund, and for growing healthcare demands, especially in old age. Even more brutal is the moral obligation to address the pollution we have already caused and which we are going to dump on the young and future generations, in addition to all the public and private debt we have piled up. This is where the easy fantasy of a green new deal drops away, and especially the assumption that if we have a carbon tax, the money can just be recycled back to us to spend. While it is true that it is better to tax ‘bads’ like pollution rather than ‘goods’ like labour, the first call on the carbon revenues should be to do the reparations. We have done the sort of damage that belligerent armies and air forces do in wars to their enemies.


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Nomad Century: How Climate Migration Will Reshape Our World by Gaia Vince

3D printing, An Inconvenient Truth, Anthropocene, biodiversity loss, bitcoin, Boris Johnson, carbon tax, charter city, circular economy, clean water, colonial exploitation, coronavirus, COVID-19, decarbonisation, degrowth, Donald Trump, Dunbar number, European colonialism, failed state, gentrification, global pandemic, Global Witness, green new deal, Haber-Bosch Process, high-speed rail, housing crisis, ice-free Arctic, illegal immigration, Intergovernmental Panel on Climate Change (IPCC), invention of agriculture, invention of the printing press, job automation, joint-stock company, Kim Stanley Robinson, labour mobility, load shedding, lockdown, low skilled workers, Mahatma Gandhi, Malacca Straits, mass immigration, mass incarceration, mega-rich, megacity, negative emissions, new economy, ocean acidification, old age dependency ratio, open borders, Patri Friedman, Peace of Westphalia, Pearl River Delta, Peter Thiel, place-making, planetary scale, plyscraper, polynesian navigation, quantitative easing, randomized controlled trial, rewilding, Rishi Sunak, sharing economy, Shenzhen special economic zone , Silicon Valley, special economic zone, trade route, transatlantic slave trade, undersea cable, urban planning, urban sprawl, white flight, women in the workforce, working-age population, zero-sum game, Zipcar

To earn national pride rather than suffer divisive tribalism, a nation needs to reduce inequality. The state must invest in the people for the people to feel invested in the state. That means regulations and limits to free-market capitalism by applying social and environmental regulatory controls for the benefit of all, rather than simply a small tribe of global aristocrats. The Green New Deals proposed in the European Union and the US are examples of policies aimed at restoring economies and providing jobs and dignity while helping unite people in a bigger social project of environmental transformation. * * * Try, if you will, to clear from your mind the idea of people being fixed to a location they were born in, as if it affects your value as a person or your rights as an individual.

Kung peoples; lack of water resources; low levels of migration to; migration from as relatively low; poor infrastructure and city planning; population rise in; rainfall due to Indian irrigation; remittances from urban migrants; and restoring of planet’s habitability; Transaqua Project of water diversion; transatlantic slave trade; transport infrastructure in; urbanization in African Union agoraphobia AI and drone technology aid, development/foreign air-conditioning/cooling airships or blimps Alaska algae Aliens Act (UK, 1905) Alps, European Amazon region Americas Anatolia Anchorage, Alaska Anderson, Benedict animals/wildlife; global dispersal of; impact of fires on; impact of ice loss on see also livestock farming Antarctica; ice sheet Anthropocene era; four horsemen of Aravena, Alejandro Archaeology architecture/buildings: Aravena’s ‘partial houses’; energy-efficiency retrofits; floating infrastructure; heat- and light-responsive materials; low-carbon concrete; prefabricated and modular housing; in successful migrant cities; wooden skyscrapers; zero-carbon new-builds Arctic region; first ice-free summer expected; opening up of due to climate change Argentina Arrhenius, Svante Asia: cities vulnerable to climate change; drought-hit areas; extreme La Niña events; extreme precipitation in monsoon regions; Ganges and Indus river basins; and heat ‘survivability threshold’; huge populations of South Asia; lack of water resources; rivers fed by glaciers; small hydropower installations; urbanization Aswan High Dam asylum-seekers: Australia’s dismal record on; Britain’s proud history on; dominant hostile narratives about; drownings in English Channel; limbo situation due to delayed claim-processing; misinformation about see also refugees Athens Australia: Black Summer (2019–20); energy-supply economy; impact of climate emergency; indigenous inhabitants; low population density in; migration to; and mineral extraction in Greenland; renewable power in; treatment of asylum-seekers; White Australia Policy aviation Aztecs Babylon bacteria, in food production bamboo Bangkok Bangladesh; ‘Bangla’ communities in London; Burmese Rohingya refugees; impact of climate emergency; migration across Indian border; population density in; relocation strategies; training for rural migrants Bantu people Barber, Benjamin Barcelona Beckett, Samuel Belarus Belgium Bergamo, Italy Bhutan Bijlmermeer (outside Amsterdam) biodiversity loss/ecosystem collapse; coral reefs as probably doomed; crash in insect and bird populations; depletion of fish stocks; due to agriculture; due to farming; four horsemen of the Anthropocene; and human behaviour; Key Biodiversity Areas; links with climate change; and marine heatwaves; and overuse of fertilizers; restoring of; species extinction; and urban adaptation strategies see also environmental sustainability bioenergy with carbon capture and storage (BECCS) biotech industry birds black soldier flies black-footed ferrets BoKlok (IKEA spinoff) Bolivia Borneo Bosch, Carl Boston, Massachusetts Boulder, Colorado Brazil Brexit Brin, Sergey British Columbia Brown, Pat bureaucracy Burke, Marshall Burma business/private sector Cairo California; forest fires in Cambodia Cameroon Canaan Canada; and charter cities model; Climate Migrants and Refugee Project; economic benefits from global heating; expansion of agriculture in; first carbon-neutral building in; forest fires in; indigenous populations; infrastructure built on permafrost; regional relocation schemes Capa, Robert, capitalism Caplan, Bryan Caprera (Italian warship) carbon capture/storage; BECCS; ‘biochar’ use in soil; carbon capture and storage (CCS); direct capture from the air; by forests; in grasslands; Key Biodiversity Areas; in oceans; by peatlands; by phytoplankton; vegetation as vital carbon pricing/taxing carbon/carbon dioxide: amount in atmosphere now; Arrhenius’ work on; and biomatter decay in soil, ‘carbon quantitative easing’; continued emitting of; decarbonizing measures; effect on crop growth; emissions cut by building from wood; emissions from farming; emissions from human energy systems; emissions from urban buildings; geoengineering to remove; during last ice age; Miocene Era levels; new materials made from; ocean release of; released by wildfires; tree-planting as offsetting method; in tropical rainforests Carcassonne, France Card, David Cardiff Castro, Fidel Çatalhöyük, ancient city of Central African Republic Central America Chad ‘char people’ charcoal (‘biochar’) Chicago children: childcare costs; deaths of while seeking safety; ‘invisible’/living on the margins; left behind by migrant parents; and move to cities; numbers at extreme risk; in refugee camps; and sense of ‘belonging’ Chile China: adaptation for heavy rainfall events; Belt and Road Initiative; cities vulnerable to climate change; demography; desertification of farmland in north; economic domination of far east; emigrants and knowledge-flow; emissions as still rising in; extreme La Niña events; ‘green wall’ tree-planting projects; and heat ‘survivability threshold’; Hong Kong–Shenzhen–Guangzhou mega-region; hukou system; integrated soil-system management; internal migration in; migrant workers in Russia’s east; and mineral extraction; net zero commitment; small hydropower installations; South-to-North Water Diversion Project; ‘special economic zones’; Uyghur Muslim communities in; and water scarcity; ‘zhuan‘ documents Chinatowns Churchill (town in Manitoba) Churchill, Winston cities: adapting to net-zero carbon economy; city state model; coastal cities; as concentrated nodes of connectivity; ‘consumption cities’ in Africa; control of migration by; deadly urban heat; demand for cooling; devolving power to communities; in eighteenth/nineteenth-century Europe; entrenched assets; and extreme flood risk; flood defences; as focal points for trade networks; food production in; genetic impacts of; in high altitude locations; large megacities; merging into mega-regions; as particularly vulnerable to climate change; phased abandonment of; population densities in; private gardens in; relocation of; relocation strategies within; sprawling shanty towns in; strategies against impact of heat; zero-carbon new-builds see also migrant cities; migration, urban citizenship; patriotism of welcomed migrants; ‘UN/international passport’ idea Clemens, Michael climate change, historic: Cretaceous–Palaeogene meteorite impact event; in late-bronze-age Near East; and migration; in Miocene Era; and transition to farming climate change/emergency; 3–5° C as most likely scenario; as affecting all of Earth; cities as particularly vulnerable to; destruction of dam infrastructure; enlisting of military/security institutions against; every tenth of a degree matters; extreme weather events; global climate niches moving north; global water cycle as speeding up; greenhouse gas emissions as still growing; impact of cities; impact on lives as usually gradual; inertia of the Earth’s climate system; lethality by 2100; links with biodiversity loss; near-universal acceptance of as human made; net zero pledges; Paris Agreement (2015); path to 3–4° C-hotter world; situation as not hopeless; slow global response to; as threat multiplier; warming as mostly absorbed by oceans see also biodiversity loss/ecosystem collapse; drought; fires; floods; heat climate models: future emissions scenarios; heating predictions; impact of 4° C-hotter world; IPCC ‘Representative Concentration Pathways’ (RCPs); optimum climate for human productivity; threshold for mass migrations coastal areas: coastal cities; migration from; retreating coastlines; seawater desalination plants cochineal scale insect Colombia colonialism, European Colorado Columbia Concretene construction industry copper coral reefs Cornwall Costa Rica cotton Covid-19 pandemic; cooperation during cross-laminated timber (CLT) Crusaders Cruz, Abel Cuba cultural institutions/practices: cultural losses over time; diversity as improving innovation; migration of; in well-planned migrant cities cyclones Cyprus Czech workers in Germany Dar es Salaam Death Valley Delhi Democratic Republic of Congo demographic changes/information: and decline of nationality viewed in racial terms; depopulation crisis; elderly populations in global north; GenZ; global climate niches moving north; global population patterns; global population rise; ‘household formation’; huge variation in global fertility rates; migrants as percentage of global population; population fall due to urban migration; population-peak projection; post-war baby boom; and transition to farming Denmark Denver, Colorado desert conditions Dhaka Dharavi (slum in Mumbai) diet and nutrition: edible seeds of sea grasses; genetically engineered microbes; global disparities in access to nutrition; and Haber–Bosch process; insects as source of protein and fats; loss of nutrition due to heat stress of crops; move to plant-based diet; vitamin D sources; zinc and protein deficiencies dinosaurs direct air capture (DAC) disease; waterborne Doha Domesday Book (1086) Driscolls (Californian berry grower) drone technology drought; as affecting the most people; in Amazon region; impact on farming; in late-bronze-age Near East; and rivers fed by glaciers; and sulphate cooling Dubai Duluth, Minnesota Dunbar, Robin economies; Chinese domination of far east; economic growth; forced move towards a circular economy; GDP per capita measure; Global Compact for Migration; global productivity losses due to heat; immigrant-founded companies; and influx of low-skilled migrant workers; migration as benefitting; mining opportunities exposed by ice retreat; and nation state model; need to open world’s borders; new mineral deposits in northern latitudes; northern nations benefitting from global heating; ‘special economic zone’ concept; taxing of robots see also employment/labour markets; green economy; political and socioeconomic systems; trade and commerce education: availability to migrants; as key to growth; and remittances from urban migrants; systems improved by migration Egypt; Ancient electricity: current clean generation as not sufficient; decarbonizing of production; electric vehicles; grid systems; hydroelectric plants; and net zero world; renewable production Elwartowski, Chad employment/labour markets: amnesties of ‘illegal’ migrants; and arguments against migration; and automation; controlled by city authorities; and global labour mobility; and the green economy; impact of heat on jobs; indentured positions; and influx of low-skilled migrant workers; jobs in growth industries; jobs restoring diversity; jobs that natives don’t want to do; mechanization/automation slowed down by migrant workers; migrants bring greater diversity to; need for Nansen-style scheme; occupational upgrading of locals due to immigration; refugees barred from working; role of business in migrant integration; rural workers moving to cities; skilled migrants; support/access for migrants; Trump’s work visa restrictions; ‘urban visas’ in USA; workforce shortages in global north energy systems: access to in global south; air-conditioning/cooling demand; and carbon capture; ‘closed-loop’ radiator construction; decarbonizing of; and economic growth; geothermal production; global energy use as increasing; new dam-construction boom in south; nuclear power; oceans as source; poor grid infrastructure in global south; power outages; power sharing as not equitable; reducing growth in demand; replacement of inefficient heating/cooling systems; transmission/transport see also electricity English Channel Environmental Protection Agency, US environmental sustainability: decarbonizing measures; decoupling of GDP from carbon emissions; and economic growth; heat- and light-responsive materials; low-energy plastic recycling methods; and migrant cities; need for open mind in planning for; phytoplankton as hugely important; replacement of inefficient heating/cooling systems; zero-carbon new-builds see also biodiversity loss/ecosystem collapse environmentalists; negative growth advocates; opponents of geoengineering equatorial belt Erdoğan, Recep Tayyip Eritrea Estonia Ethiopia Europe: 2003 heatwave; depopulation crisis; eighteenth/nineteenth-century shanty towns; impact of climate emergency; medieval barriers to movement; Mediterranean climate moving north; migrant indentured labour in; migration of women working in domestic service; small hydropower installations; three mass migrations in Stone and Bronze Ages European Union: free movement within; fund for aid to Africa; Green New Deal; no ‘asylum crisis’ within; nuclear power in; open-border policy for refugees from Ukraine; as popular migrant destination; seeks quota system for refugees; as successful example of regional union; war against migrants Fairbourne (Welsh village) farming: in abandoned areas in south; in Africa; ancient transition to; bad harvests as more frequent; barns/storehouses; benefits of warming in Nordic nations; biodiversity loss due to; cereal crops; closing the yield gap; early nineteenth century expansion of; ever-decreasing, sub-divided plots of land; expanded growing seasons; fertile land exposed by ice retreat; genetic research to produce new crops; genetically modified crop varieties; global disparities in food production; Green Revolution; greenhouse gas emissions from; in Greenland; Haber–Bosch process; heat-tolerant and drought-resistant crops; high-yielding wheat and rice variants; impact of climate emergency; indoor industrial systems; modern improvement in yields; nutrient and drip-irrigation systems; pre-twentieth-century methods; relying on new forms of; Russian dominance; salt-tolerant rice; smallholder; and solar geoengineering; solar-powered closed-cycle; urban vertical farms; use of silicates; and water scarcity; wildflower strips in fields see also livestock farming Fiji Fires fish populations: artisanal fishers; boost of in Arctic region; and decommissioned offshore oilrigs; fish farming; future pricing of fish products; as under huge pressure; insects as farmed-fish feed; land-based fish-farming Five Points slum, New York floods; flash floods; low-lying islands and atolls; sea walls/coastal defences; three main causes; in urban areas; water-management infrastructure Florida food: algal mats; carbon-pricing of meat; impact of soaring global prices; insect farming; kelp forest plantations; lab-grown meats; meat substitutes; for migrant city dwellers; move to plant-based diet; need for bigger sources of in global north; need to cut waste; photosynthesizing marine plants and algae; plant-based dairy products; reduced supplies due to temperature rises; refrigerated storage; replication of Maillard chemical reaction; sourced from the oceans see also diet and nutrition; farming; livestock farming food security Ford, Henry forests: advance north of in Nordic nations; deforestation; impact of climate emergency; ‘negative emissions activity’; replanting of; Siberian taiga forest fossil fuels; carbon capture and storage (CCS); as embedded in human systems France Fraser, Sean freedom of movement French Polynesia Friedman, Patri Gargano, Gabriele gas industry Gates, Bill gender: heat related inequalities; physical/sexual danger for female migrants; women in domestic service in Europe; women rejoining workforce genetic modification genetics, population Genghis Khan geoengineering; artificial sill proposals; cloud-brightening idea; as controversial/taboo; and ideal temperature question; possible unwanted effects; proposals for dealing with ice melt; to reduce atmospheric carbon dioxide; solar radiation reduction tools; sulphate cooling concept; thin-film technology; tools to reflect the sun’s heat away from Earth geology GERD dam, Ethiopia Germany; Syrian refugee resettlement in Ghana Glasgow climate meeting (2021) Global Parliament of Mayors global south; benefit of solar cooling idea; capital costs of deploying new renewables; cutting of food waste in; future repopulation of abandoned regions; global income gap as rising; little suitable landmass for climate-driven migration; migration to higher elevations with water; need for improved infrastructure; need for sustainable economic growth; new dam-construction boom in; new domestic sources of energy; population rise in; remittances from urban migrants; resource extraction by rich countries; and vested interests in the rich world see also Africa; Asia; Latin America and entries for individual nations golf courses Gore, Al, An Inconvenient Truth (2006) Gothenburg Grand Inga hydroelectric dam project (Congo River) Granville, Earl grasslands Great Barrier Reef Great Lakes region, North America Greece; Ancient green economy; and building of fair societies; Green New Deals; migration as vital to; multiple benefits of see also environmental sustainability; renewable power production; restoring our planet’s habitability greenhouse gas emissions; charging land owners for; in cities; emitters trying to avoid/delay decarbonization; from farming; national emissions-reductions pledges; underreporting of; unfair global impact of see also carbon/carbon dioxide Greenland; ice sheet; potato farming in Gulf states Haber, Fritz Hangzhou Hawaii health: climate change as threat multiplier; dementia care; diseases of poor sanitation; healthcare in successful migrant cities; heat related inequalities; lethality of extreme heat; and life in cities; mental illness and migration; migration as benefitting social care systems; pathogens in frozen tundras; rural living as single largest killer today; and smoke pollution heat: 35°C wet bulb threshold crossed; climate model predictions; cloud and water vapour feedbacks; combined with humidity; and demand for cooling; extreme hotspots; global productivity/work hour losses; impact of 4° C-hotter world; impact on farming/food supplies; infrastructure problems due to; lethality by 2100; lethality of extreme temperatures; Paris pledge of below 2°C; solar radiation reduction tools; subtropical climate spreading into higher latitudes; temperatures above 50°C; threshold for mass migrations; ‘threshold of survivability’; urban adaptation strategies; urban heat island effect; ‘wet bulb’ temperature calculations Held, David Hernando, Antonia HIV Höfn, southeastern Iceland Holocene epoch Honduras Hong Kong horses, domestication of housing: Aravena’s ‘partial houses’; controlled by city authorities; equitable access to; floating infrastructure; in flood-affected areas; and heat related inequalities; and migrants; planning and zoning laws; policies to prevent segregation; prefabricated and modular; twentieth-century social programmes see also slum dwellers Hudson Bay Huguenot immigrants human rights, universal Hungary hunter-gatherers hurricanes hydrogen ice age, last ice loss; as accelerating at record rate; in Antarctica; in Arctic region; artificial reflective snow idea; artificial sill proposals; and flash floods; loss of glaciers; permafrost thaw; reflective fleece blankets idea; retreat of ice sheets; rising of land due to glaciers melting; tipping points for ice-free world Iceland ICON, construction company identity: accentuation of small differences; and ancient transition to farming; borders as ‘othering’ structures; language as tool of self-construction; mistrust of outsiders; pan-species; sense of ‘belonging’; social norms of ‘tribe’; social psychology; stories crafting group identity see also national identity immigration policies: bilateral or regional arrangements; deliberately prejudicial policy; development of since later nineteenth-century; and harnessing migrant potential; immigrant inclusion programmes; immigration lottery schemes; move needed from control to managing,; points-based entrance systems; poorly designed; quota systems; responses to terrorist incidents; restrictions as for people not stuff; restrictive border legislation; Spain’s successful policy Impossible Foods India; crop irrigation in; emigrants and knowledge-flow; emissions as still rising in; falling fertility rate in; Ganges Valley; and heat ‘survivability threshold’; impact of climate emergency; internal migration in; lime-washing of roofs in; Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA); National River Linking Project; population density in; young population in indigenous communities Indo-European language Indonesia industrial revolution inequality and poverty: and access to reliable energy; benefit of solar cooling to south; climate change as threat multiplier; climate migration and social justice; and demand for cooling; despair and anger of ‘left behind’ natives; and environmental destruction; and European colonialism; as failure of social/economic policy; and geoengineered cooling; global disparities in access to nutrition; and global food prices; global income gap as rising; heat related; and impact of flooding; increased by ancient transition to farming; as matter of geographical chance; migration as best route out of; and modern farming; and national pride; need for redistributive policies; the poor trapped in vulnerable cities; and post-war institutions; rural living as single largest killer today; slow global response to crisis of; superrich and private jets; tribalism as not inevitable; and vested interests in the rich world insects; collapsing populations; farming of; as human food source insulation insurance, availability of Intergovernmental Panel on Climate Change (IPCC) International Energy Agency (IEA) International Fund for Agricultural Development (IFAD) International Labour Organization Iquique (Chile) Ireland iron, powdered Islam islands, small/low-lying Israel Italy Ithaca, city of (New York) Jakarta Japan Jobs, Steve Johnson, Boris Jordan kelp Kenya Khan, Sadiq Khoisan Bushmen Kimmel, Mara King, Sir David Kiribati knowledge and skills: better environment for in rich countries; ‘brain drain’ issue; channelled through migrant networks; diversity as improving innovation; global knowledge transfer; Global Skill Partnerships model; impact of European colonialism; migrants returning to origin countries; and Nansen-style schemes; need for rapid transference of; and points-based entrance systems Kodiak Island, Alaska krill Kuba Kingdom, West Africa !

Kung peoples; lack of water resources; low levels of migration to; migration from as relatively low; poor infrastructure and city planning; population rise in; rainfall due to Indian irrigation; remittances from urban migrants; and restoring of planet’s habitability; Transaqua Project of water diversion; transatlantic slave trade; transport infrastructure in; urbanization in African Union agoraphobia AI and drone technology aid, development/foreign air-conditioning/cooling airships or blimps Alaska algae Aliens Act (UK, 1905) Alps, European Amazon region Americas Anatolia Anchorage, Alaska Anderson, Benedict animals/wildlife; global dispersal of; impact of fires on; impact of ice loss on see also livestock farming Antarctica; ice sheet Anthropocene era; four horsemen of Aravena, Alejandro Archaeology architecture/buildings: Aravena’s ‘partial houses’; energy-efficiency retrofits; floating infrastructure; heat- and light-responsive materials; low-carbon concrete; prefabricated and modular housing; in successful migrant cities; wooden skyscrapers; zero-carbon new-builds Arctic region; first ice-free summer expected; opening up of due to climate change Argentina Arrhenius, Svante Asia: cities vulnerable to climate change; drought-hit areas; extreme La Niña events; extreme precipitation in monsoon regions; Ganges and Indus river basins; and heat ‘survivability threshold’; huge populations of South Asia; lack of water resources; rivers fed by glaciers; small hydropower installations; urbanization Aswan High Dam asylum-seekers: Australia’s dismal record on; Britain’s proud history on; dominant hostile narratives about; drownings in English Channel; limbo situation due to delayed claim-processing; misinformation about see also refugees Athens Australia: Black Summer (2019–20); energy-supply economy; impact of climate emergency; indigenous inhabitants; low population density in; migration to; and mineral extraction in Greenland; renewable power in; treatment of asylum-seekers; White Australia Policy aviation Aztecs Babylon bacteria, in food production bamboo Bangkok Bangladesh; ‘Bangla’ communities in London; Burmese Rohingya refugees; impact of climate emergency; migration across Indian border; population density in; relocation strategies; training for rural migrants Bantu people Barber, Benjamin Barcelona Beckett, Samuel Belarus Belgium Bergamo, Italy Bhutan Bijlmermeer (outside Amsterdam) biodiversity loss/ecosystem collapse; coral reefs as probably doomed; crash in insect and bird populations; depletion of fish stocks; due to agriculture; due to farming; four horsemen of the Anthropocene; and human behaviour; Key Biodiversity Areas; links with climate change; and marine heatwaves; and overuse of fertilizers; restoring of; species extinction; and urban adaptation strategies see also environmental sustainability bioenergy with carbon capture and storage (BECCS) biotech industry birds black soldier flies black-footed ferrets BoKlok (IKEA spinoff) Bolivia Borneo Bosch, Carl Boston, Massachusetts Boulder, Colorado Brazil Brexit Brin, Sergey British Columbia Brown, Pat bureaucracy Burke, Marshall Burma business/private sector Cairo California; forest fires in Cambodia Cameroon Canaan Canada; and charter cities model; Climate Migrants and Refugee Project; economic benefits from global heating; expansion of agriculture in; first carbon-neutral building in; forest fires in; indigenous populations; infrastructure built on permafrost; regional relocation schemes Capa, Robert, capitalism Caplan, Bryan Caprera (Italian warship) carbon capture/storage; BECCS; ‘biochar’ use in soil; carbon capture and storage (CCS); direct capture from the air; by forests; in grasslands; Key Biodiversity Areas; in oceans; by peatlands; by phytoplankton; vegetation as vital carbon pricing/taxing carbon/carbon dioxide: amount in atmosphere now; Arrhenius’ work on; and biomatter decay in soil, ‘carbon quantitative easing’; continued emitting of; decarbonizing measures; effect on crop growth; emissions cut by building from wood; emissions from farming; emissions from human energy systems; emissions from urban buildings; geoengineering to remove; during last ice age; Miocene Era levels; new materials made from; ocean release of; released by wildfires; tree-planting as offsetting method; in tropical rainforests Carcassonne, France Card, David Cardiff Castro, Fidel Çatalhöyük, ancient city of Central African Republic Central America Chad ‘char people’ charcoal (‘biochar’) Chicago children: childcare costs; deaths of while seeking safety; ‘invisible’/living on the margins; left behind by migrant parents; and move to cities; numbers at extreme risk; in refugee camps; and sense of ‘belonging’ Chile China: adaptation for heavy rainfall events; Belt and Road Initiative; cities vulnerable to climate change; demography; desertification of farmland in north; economic domination of far east; emigrants and knowledge-flow; emissions as still rising in; extreme La Niña events; ‘green wall’ tree-planting projects; and heat ‘survivability threshold’; Hong Kong–Shenzhen–Guangzhou mega-region; hukou system; integrated soil-system management; internal migration in; migrant workers in Russia’s east; and mineral extraction; net zero commitment; small hydropower installations; South-to-North Water Diversion Project; ‘special economic zones’; Uyghur Muslim communities in; and water scarcity; ‘zhuan‘ documents Chinatowns Churchill (town in Manitoba) Churchill, Winston cities: adapting to net-zero carbon economy; city state model; coastal cities; as concentrated nodes of connectivity; ‘consumption cities’ in Africa; control of migration by; deadly urban heat; demand for cooling; devolving power to communities; in eighteenth/nineteenth-century Europe; entrenched assets; and extreme flood risk; flood defences; as focal points for trade networks; food production in; genetic impacts of; in high altitude locations; large megacities; merging into mega-regions; as particularly vulnerable to climate change; phased abandonment of; population densities in; private gardens in; relocation of; relocation strategies within; sprawling shanty towns in; strategies against impact of heat; zero-carbon new-builds see also migrant cities; migration, urban citizenship; patriotism of welcomed migrants; ‘UN/international passport’ idea Clemens, Michael climate change, historic: Cretaceous–Palaeogene meteorite impact event; in late-bronze-age Near East; and migration; in Miocene Era; and transition to farming climate change/emergency; 3–5° C as most likely scenario; as affecting all of Earth; cities as particularly vulnerable to; destruction of dam infrastructure; enlisting of military/security institutions against; every tenth of a degree matters; extreme weather events; global climate niches moving north; global water cycle as speeding up; greenhouse gas emissions as still growing; impact of cities; impact on lives as usually gradual; inertia of the Earth’s climate system; lethality by 2100; links with biodiversity loss; near-universal acceptance of as human made; net zero pledges; Paris Agreement (2015); path to 3–4° C-hotter world; situation as not hopeless; slow global response to; as threat multiplier; warming as mostly absorbed by oceans see also biodiversity loss/ecosystem collapse; drought; fires; floods; heat climate models: future emissions scenarios; heating predictions; impact of 4° C-hotter world; IPCC ‘Representative Concentration Pathways’ (RCPs); optimum climate for human productivity; threshold for mass migrations coastal areas: coastal cities; migration from; retreating coastlines; seawater desalination plants cochineal scale insect Colombia colonialism, European Colorado Columbia Concretene construction industry copper coral reefs Cornwall Costa Rica cotton Covid-19 pandemic; cooperation during cross-laminated timber (CLT) Crusaders Cruz, Abel Cuba cultural institutions/practices: cultural losses over time; diversity as improving innovation; migration of; in well-planned migrant cities cyclones Cyprus Czech workers in Germany Dar es Salaam Death Valley Delhi Democratic Republic of Congo demographic changes/information: and decline of nationality viewed in racial terms; depopulation crisis; elderly populations in global north; GenZ; global climate niches moving north; global population patterns; global population rise; ‘household formation’; huge variation in global fertility rates; migrants as percentage of global population; population fall due to urban migration; population-peak projection; post-war baby boom; and transition to farming Denmark Denver, Colorado desert conditions Dhaka Dharavi (slum in Mumbai) diet and nutrition: edible seeds of sea grasses; genetically engineered microbes; global disparities in access to nutrition; and Haber–Bosch process; insects as source of protein and fats; loss of nutrition due to heat stress of crops; move to plant-based diet; vitamin D sources; zinc and protein deficiencies dinosaurs direct air capture (DAC) disease; waterborne Doha Domesday Book (1086) Driscolls (Californian berry grower) drone technology drought; as affecting the most people; in Amazon region; impact on farming; in late-bronze-age Near East; and rivers fed by glaciers; and sulphate cooling Dubai Duluth, Minnesota Dunbar, Robin economies; Chinese domination of far east; economic growth; forced move towards a circular economy; GDP per capita measure; Global Compact for Migration; global productivity losses due to heat; immigrant-founded companies; and influx of low-skilled migrant workers; migration as benefitting; mining opportunities exposed by ice retreat; and nation state model; need to open world’s borders; new mineral deposits in northern latitudes; northern nations benefitting from global heating; ‘special economic zone’ concept; taxing of robots see also employment/labour markets; green economy; political and socioeconomic systems; trade and commerce education: availability to migrants; as key to growth; and remittances from urban migrants; systems improved by migration Egypt; Ancient electricity: current clean generation as not sufficient; decarbonizing of production; electric vehicles; grid systems; hydroelectric plants; and net zero world; renewable production Elwartowski, Chad employment/labour markets: amnesties of ‘illegal’ migrants; and arguments against migration; and automation; controlled by city authorities; and global labour mobility; and the green economy; impact of heat on jobs; indentured positions; and influx of low-skilled migrant workers; jobs in growth industries; jobs restoring diversity; jobs that natives don’t want to do; mechanization/automation slowed down by migrant workers; migrants bring greater diversity to; need for Nansen-style scheme; occupational upgrading of locals due to immigration; refugees barred from working; role of business in migrant integration; rural workers moving to cities; skilled migrants; support/access for migrants; Trump’s work visa restrictions; ‘urban visas’ in USA; workforce shortages in global north energy systems: access to in global south; air-conditioning/cooling demand; and carbon capture; ‘closed-loop’ radiator construction; decarbonizing of; and economic growth; geothermal production; global energy use as increasing; new dam-construction boom in south; nuclear power; oceans as source; poor grid infrastructure in global south; power outages; power sharing as not equitable; reducing growth in demand; replacement of inefficient heating/cooling systems; transmission/transport see also electricity English Channel Environmental Protection Agency, US environmental sustainability: decarbonizing measures; decoupling of GDP from carbon emissions; and economic growth; heat- and light-responsive materials; low-energy plastic recycling methods; and migrant cities; need for open mind in planning for; phytoplankton as hugely important; replacement of inefficient heating/cooling systems; zero-carbon new-builds see also biodiversity loss/ecosystem collapse environmentalists; negative growth advocates; opponents of geoengineering equatorial belt Erdoğan, Recep Tayyip Eritrea Estonia Ethiopia Europe: 2003 heatwave; depopulation crisis; eighteenth/nineteenth-century shanty towns; impact of climate emergency; medieval barriers to movement; Mediterranean climate moving north; migrant indentured labour in; migration of women working in domestic service; small hydropower installations; three mass migrations in Stone and Bronze Ages European Union: free movement within; fund for aid to Africa; Green New Deal; no ‘asylum crisis’ within; nuclear power in; open-border policy for refugees from Ukraine; as popular migrant destination; seeks quota system for refugees; as successful example of regional union; war against migrants Fairbourne (Welsh village) farming: in abandoned areas in south; in Africa; ancient transition to; bad harvests as more frequent; barns/storehouses; benefits of warming in Nordic nations; biodiversity loss due to; cereal crops; closing the yield gap; early nineteenth century expansion of; ever-decreasing, sub-divided plots of land; expanded growing seasons; fertile land exposed by ice retreat; genetic research to produce new crops; genetically modified crop varieties; global disparities in food production; Green Revolution; greenhouse gas emissions from; in Greenland; Haber–Bosch process; heat-tolerant and drought-resistant crops; high-yielding wheat and rice variants; impact of climate emergency; indoor industrial systems; modern improvement in yields; nutrient and drip-irrigation systems; pre-twentieth-century methods; relying on new forms of; Russian dominance; salt-tolerant rice; smallholder; and solar geoengineering; solar-powered closed-cycle; urban vertical farms; use of silicates; and water scarcity; wildflower strips in fields see also livestock farming Fiji Fires fish populations: artisanal fishers; boost of in Arctic region; and decommissioned offshore oilrigs; fish farming; future pricing of fish products; as under huge pressure; insects as farmed-fish feed; land-based fish-farming Five Points slum, New York floods; flash floods; low-lying islands and atolls; sea walls/coastal defences; three main causes; in urban areas; water-management infrastructure Florida food: algal mats; carbon-pricing of meat; impact of soaring global prices; insect farming; kelp forest plantations; lab-grown meats; meat substitutes; for migrant city dwellers; move to plant-based diet; need for bigger sources of in global north; need to cut waste; photosynthesizing marine plants and algae; plant-based dairy products; reduced supplies due to temperature rises; refrigerated storage; replication of Maillard chemical reaction; sourced from the oceans see also diet and nutrition; farming; livestock farming food security Ford, Henry forests: advance north of in Nordic nations; deforestation; impact of climate emergency; ‘negative emissions activity’; replanting of; Siberian taiga forest fossil fuels; carbon capture and storage (CCS); as embedded in human systems France Fraser, Sean freedom of movement French Polynesia Friedman, Patri Gargano, Gabriele gas industry Gates, Bill gender: heat related inequalities; physical/sexual danger for female migrants; women in domestic service in Europe; women rejoining workforce genetic modification genetics, population Genghis Khan geoengineering; artificial sill proposals; cloud-brightening idea; as controversial/taboo; and ideal temperature question; possible unwanted effects; proposals for dealing with ice melt; to reduce atmospheric carbon dioxide; solar radiation reduction tools; sulphate cooling concept; thin-film technology; tools to reflect the sun’s heat away from Earth geology GERD dam, Ethiopia Germany; Syrian refugee resettlement in Ghana Glasgow climate meeting (2021) Global Parliament of Mayors global south; benefit of solar cooling idea; capital costs of deploying new renewables; cutting of food waste in; future repopulation of abandoned regions; global income gap as rising; little suitable landmass for climate-driven migration; migration to higher elevations with water; need for improved infrastructure; need for sustainable economic growth; new dam-construction boom in; new domestic sources of energy; population rise in; remittances from urban migrants; resource extraction by rich countries; and vested interests in the rich world see also Africa; Asia; Latin America and entries for individual nations golf courses Gore, Al, An Inconvenient Truth (2006) Gothenburg Grand Inga hydroelectric dam project (Congo River) Granville, Earl grasslands Great Barrier Reef Great Lakes region, North America Greece; Ancient green economy; and building of fair societies; Green New Deals; migration as vital to; multiple benefits of see also environmental sustainability; renewable power production; restoring our planet’s habitability greenhouse gas emissions; charging land owners for; in cities; emitters trying to avoid/delay decarbonization; from farming; national emissions-reductions pledges; underreporting of; unfair global impact of see also carbon/carbon dioxide Greenland; ice sheet; potato farming in Gulf states Haber, Fritz Hangzhou Hawaii health: climate change as threat multiplier; dementia care; diseases of poor sanitation; healthcare in successful migrant cities; heat related inequalities; lethality of extreme heat; and life in cities; mental illness and migration; migration as benefitting social care systems; pathogens in frozen tundras; rural living as single largest killer today; and smoke pollution heat: 35°C wet bulb threshold crossed; climate model predictions; cloud and water vapour feedbacks; combined with humidity; and demand for cooling; extreme hotspots; global productivity/work hour losses; impact of 4° C-hotter world; impact on farming/food supplies; infrastructure problems due to; lethality by 2100; lethality of extreme temperatures; Paris pledge of below 2°C; solar radiation reduction tools; subtropical climate spreading into higher latitudes; temperatures above 50°C; threshold for mass migrations; ‘threshold of survivability’; urban adaptation strategies; urban heat island effect; ‘wet bulb’ temperature calculations Held, David Hernando, Antonia HIV Höfn, southeastern Iceland Holocene epoch Honduras Hong Kong horses, domestication of housing: Aravena’s ‘partial houses’; controlled by city authorities; equitable access to; floating infrastructure; in flood-affected areas; and heat related inequalities; and migrants; planning and zoning laws; policies to prevent segregation; prefabricated and modular; twentieth-century social programmes see also slum dwellers Hudson Bay Huguenot immigrants human rights, universal Hungary hunter-gatherers hurricanes hydrogen ice age, last ice loss; as accelerating at record rate; in Antarctica; in Arctic region; artificial reflective snow idea; artificial sill proposals; and flash floods; loss of glaciers; permafrost thaw; reflective fleece blankets idea; retreat of ice sheets; rising of land due to glaciers melting; tipping points for ice-free world Iceland ICON, construction company identity: accentuation of small differences; and ancient transition to farming; borders as ‘othering’ structures; language as tool of self-construction; mistrust of outsiders; pan-species; sense of ‘belonging’; social norms of ‘tribe’; social psychology; stories crafting group identity see also national identity immigration policies: bilateral or regional arrangements; deliberately prejudicial policy; development of since later nineteenth-century; and harnessing migrant potential; immigrant inclusion programmes; immigration lottery schemes; move needed from control to managing,; points-based entrance systems; poorly designed; quota systems; responses to terrorist incidents; restrictions as for people not stuff; restrictive border legislation; Spain’s successful policy Impossible Foods India; crop irrigation in; emigrants and knowledge-flow; emissions as still rising in; falling fertility rate in; Ganges Valley; and heat ‘survivability threshold’; impact of climate emergency; internal migration in; lime-washing of roofs in; Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA); National River Linking Project; population density in; young population in indigenous communities Indo-European language Indonesia industrial revolution inequality and poverty: and access to reliable energy; benefit of solar cooling to south; climate change as threat multiplier; climate migration and social justice; and demand for cooling; despair and anger of ‘left behind’ natives; and environmental destruction; and European colonialism; as failure of social/economic policy; and geoengineered cooling; global disparities in access to nutrition; and global food prices; global income gap as rising; heat related; and impact of flooding; increased by ancient transition to farming; as matter of geographical chance; migration as best route out of; and modern farming; and national pride; need for redistributive policies; the poor trapped in vulnerable cities; and post-war institutions; rural living as single largest killer today; slow global response to crisis of; superrich and private jets; tribalism as not inevitable; and vested interests in the rich world insects; collapsing populations; farming of; as human food source insulation insurance, availability of Intergovernmental Panel on Climate Change (IPCC) International Energy Agency (IEA) International Fund for Agricultural Development (IFAD) International Labour Organization Iquique (Chile) Ireland iron, powdered Islam islands, small/low-lying Israel Italy Ithaca, city of (New York) Jakarta Japan Jobs, Steve Johnson, Boris Jordan kelp Kenya Khan, Sadiq Khoisan Bushmen Kimmel, Mara King, Sir David Kiribati knowledge and skills: better environment for in rich countries; ‘brain drain’ issue; channelled through migrant networks; diversity as improving innovation; global knowledge transfer; Global Skill Partnerships model; impact of European colonialism; migrants returning to origin countries; and Nansen-style schemes; need for rapid transference of; and points-based entrance systems Kodiak Island, Alaska krill Kuba Kingdom, West Africa !


Falter: Has the Human Game Begun to Play Itself Out? by Bill McKibben

"Hurricane Katrina" Superdome, 23andMe, Affordable Care Act / Obamacare, Airbnb, Alan Greenspan, American Legislative Exchange Council, An Inconvenient Truth, Anne Wojcicki, Anthropocene, Apollo 11, artificial general intelligence, Bernie Sanders, Bill Joy: nanobots, biodiversity loss, Burning Man, call centre, Cambridge Analytica, carbon footprint, carbon tax, Charles Lindbergh, clean water, Colonization of Mars, computer vision, CRISPR, David Attenborough, deep learning, DeepMind, degrowth, disinformation, Donald Trump, double helix, driverless car, Easter island, Edward Snowden, Elon Musk, ending welfare as we know it, energy transition, Extinction Rebellion, Flynn Effect, gigafactory, Google Earth, Great Leap Forward, green new deal, Greta Thunberg, Hyperloop, impulse control, income inequality, Intergovernmental Panel on Climate Change (IPCC), James Bridle, Jane Jacobs, Jaron Lanier, Jeff Bezos, job automation, Kim Stanley Robinson, life extension, light touch regulation, Mark Zuckerberg, mass immigration, megacity, Menlo Park, moral hazard, Naomi Klein, Neil Armstrong, Nelson Mandela, Nick Bostrom, obamacare, ocean acidification, off grid, oil shale / tar sands, paperclip maximiser, Paris climate accords, pattern recognition, Peter Thiel, plutocrats, profit motive, Ralph Waldo Emerson, Ray Kurzweil, Robert Mercer, Ronald Reagan, Sam Altman, San Francisco homelessness, self-driving car, Silicon Valley, Silicon Valley startup, smart meter, Snapchat, stem cell, Stephen Hawking, Steve Jobs, Steve Wozniak, Steven Pinker, strong AI, supervolcano, tech baron, tech billionaire, technoutopianism, TED Talk, The Wealth of Nations by Adam Smith, traffic fines, Tragedy of the Commons, Travis Kalanick, Tyler Cowen, urban sprawl, Virgin Galactic, Watson beat the top human players on Jeopardy!, Y Combinator, Y2K, yield curve

I’ve immersed myself in movements working for change, and I helped found a group, 350.org, that grew into the first planetwide climate campaign. Though we haven’t beaten the fossil fuel industry, we’ve organized demonstrations in every country on the globe save North Korea, and with our many colleagues around the world, we’ve won some battles. At the moment, we’re helping as friends and colleagues push hard for a Green New Deal in the United States and similar steps around the world. (This book is dedicated to one of my dearest colleagues in that fight, Koreti Tiumalu, who died much too early, in 2017.) I’ve been to several jails, and to a thousand rallies, and along the way I’ve come to believe that we have the tools to stand up to entrenched power.

Pontiac made antiaircraft guns; Oldsmobile churned out cannons; Studebaker built engines for Flying Fortresses; Nash-Kelvinator produced propellers for British De Havillands; Hudson Motors fabricated wings for Helldivers and P-38 fighters; Buick manufactured tank destroyers; Fisher Body built thousands of M4 Sherman tanks; Cadillac turned out more than ten thousand light tanks. And that was just Detroit. The same sort of industrial mobilization took place all across America. If (as the proposal for a Green New Deal envisions) we did something like that again, in the name of stopping climate change instead of fascism, we wouldn’t have to kill a soul. In fact, we’d be saving great numbers of lives that would otherwise be lost not just from global warming but from breathing in the smoke of fossil fuel combustion.

Her action galvanized sentiment across northern Europe, and on the other side of the globe, Australian schoolchildren were soon on strike, too, and occupying the foyer of their Parliament. Meanwhile, in Britain an Extinction Rebellion movement had sprung up, staging civil disobedience actions to shut down traffic across London. In the United States, young people staged a sit-in at Congress to demand a special committee on a “Green New Deal” by early 2019 pollsters reported that 80 percent of Democrats and 60% of Republicans backed the idea, or at least the slogan.” The Earth is running a fever, and the antibodies are starting to kick in. Which doesn’t mean we’ve won. We haven’t. The Koch brothers and the oil companies are holding on, thanks in part to Mr.


pages: 233 words: 71,775

The Joy of Tax by Richard Murphy

banking crisis, banks create money, carbon tax, carried interest, correlation does not imply causation, en.wikipedia.org, failed state, full employment, Gini coefficient, Global Witness, green new deal, high net worth, Jeremy Corbyn, land value tax, means of production, Modern Monetary Theory, Money creation, offshore financial centre, price elasticity of demand, quantitative easing, race to the bottom, savings glut, seigniorage, The Spirit Level, The Wealth of Nations by Adam Smith, transfer pricing

For several years the book remained a title without content: occasional drafts came and went but what I’ve written took a decade of thinking, more than 11,000 blog posts, and vast numbers of discussions to bring to life over the relatively short period in which it was eventually written. Who else to thank then? Two colleagues stand out. The first is John Christensen, the director of the Tax Justice Network. We have been on an amazing journey together over the last twelve or so years. And then there is Colin Hines who is the convener of the Green New Deal Group, without whom many of the ideas I have promoted on the broader economic agenda would not have been cajoled into life. Both have been true friends during my campaigning career who have enriched my life far beyond the matters referred to in this book. Academic colleagues Ronen Palan, Prem Sikka, Anastasia Nesvetailova and Sol Picciotto (professors all) demanded I improve my thinking over the years and each challenged me to go further than I had ever considered I might.

I am grateful. As with all others mentioned in this introduction, none have any responsibility for the ideas and errors in this book, which, for better or worse, are all mine. Howard Reed has been a friend and inspiration on many an occasion: it would be great to do more together. The members of the Green New Deal Group are all also due thanks: they know who they are, with Andrew Simms and Ann Pettifor standing out for special mention. Some persistent commentators on the Tax Research UK blog, and most especially Ivan Horrocks and Andrew Dickie, encouraged me in my moderating of thousands of comments when that has, on occasion, been a thankless task.

K. 51 GDP 171 debt and 213 and economy 84 fiscal policy and 58–9 government spending as proportion of 76+n, 77, 81–2 taxation as proportion of 34–5 General Anti-Abuse Rule 112, 113, 224 General Anti-Avoidance Principle, proposed 224 Generally Accepted Accounting Principles, UK 222 gifts 183, 184 gilts 49–52 Gini coefficient 63n global warming see climate change global wealth tax 190 Global Witness 124 Google 135 government(s) 27, 39–40 balancing books/budget 52, 60–1, 76, 86–7, 94–5, 212–13, 238 borrowing 89 businesses, mistaken analogy with 86–7, 89 and creation of money 49, 209–10 demand for services to be supplied by 157–60 and the economy 104, 156–60, 170, 210 (see also austerity) intervention following 2008 crash 78, 79 and ownership 59 participation and 31, 37–44 spending see government spending states without 32 surpluses 58, 59, 60, 76–8, 130 and ‘taxpayers’ money’ 39–44 see also democracy government debt 46, 49–52, 59–60, 87, 213–14 government spending and business success 185 effects of cutting 89–90 flat taxes and 75 need for 95–6, 210 relationship to taxation 45, 52–5, 80–4, 162, 210, 211–12, 214 Greece 148 Green New Deal Group 9, 10 Green parties 84, 94 growth 83, 84, 90, 104, 158, 170, 171–2, 215 Guernsey 124 harmonization, international 133 health services 64, 158, 168 see also NHS Heritage Foundation 35 HM Treasury 109, 110–11, 114, 117 HMRC 112–14, 116, 119–21 access to 118–21, 202–3 and accountability 116–18, 203, 204–6, 218–20 attitudes 119–20 on compliance 33–4, 35, 67 and data exchange 123–4, 127 and research 108, 110 staff and resources 113, 120–1, 202–4 structure and governance 203–4, 219, 220 Hodge, Margaret 114, 117 horizontal equity 138–9, 197 House of Commons Library 109 House of Commons Select Committees 205, 220–1 see also Public Accounts Committee and Treasury Committee house prices 185–6, 214, 225–6, 229 housing 159, 175–6, 186, 225–7, 228–9, 238 housing support 192, 194, 229 identity theft 201 ignorance 68, 108 illegitimate economic activity 56 imports 88 income(s) 180–1 falling in real terms 83, 90 sources of 138–9 taxation and 31 under-declaration of 98–9 income tax 14, 16, 65, 163–5, 230 citizen’s income and 193–4 higher rates 73 as proportion of tax paid 28, 29, 30, 72 schedular form 152 tithing and 15 as universal 235 voting and 65 inequality 63n, 74 see also equity/equality and redistribution inflation 46, 53, 54, 57, 59, 61, 182, 210 flat taxes and 75 house prices and 185–6 influence 31, 37 information exchange 123–4, 127, 184 infrastructure 158–9, 229 inheritance taxes 15, 29, 31, 73, 183, 226 innovation 136–7 Institute of Directors 68–9, 72 Institute of Economic Affairs 68–9, 70–1, 101 Institute for Fiscal Studies 109 insurance premiums 29, 223 interest 51, 52n, 58, 181–2 banks and 49, 50 monetary policy and 59 money and 51 tax and 30, 196, 223, 228–9, 231 interests 69, 70, 71, 109, 113, 116 conflicts of 115 government and 19, 44 intergenerational contract 143 International Financial Reporting Standards 222 International Financial Reporting Standards Foundation 199 international issues 133–6, 197–8 see also tax havens interpretation 111–12, 153 investment 89, 176, 234 savings and 209, 231 investment income 72, 98, 99, 138, 163, 180, 224, 231–2 Ireland 126, 134, 146, 163 ISAs 175, 231 Jersey 10, 124, 126 Jesus 16 Joffe, Lord 114–15 Kennedy, John F. 32n labour, taxing 190 see also national insurance land ownership 185 land value tax, proposed 186–7, 227–8 land-based taxes 15, 16, 21, 163, 164, 185–7 landfill tax 31 landlords 228, 229 language 115–16, 153, 196, 218 law 36–7, 39, 148, 153 complexity 154, 217 letter and spirit of 112, 153, 154, 218 purposive basis 112, 217–18 law and order 132, 159 Lawson, Nigel 182 lawyers 69, 102, 114, 116, 217 liability 184, 221, 225, 226 see also companies libertarians and libertarian views 39–40, 42, 68–80, 132 life expectancy 167n, 168 Lincoln, Abraham 61+n living standards/needs 35, 57, 61, 141–4, 168 loans 47–8+nn, 49–52, 208, 209 repayment of 49, 50, 53 local government 65, 186 see also council tax London, City of 18–19, 187 loopholes 97, 112, 153–4, 168, 187, 196, 197 Luxembourg 126, 134–5, 146 macroeconomics 85, 87–8, 161, 165, 170–1 Magna Carta 18–19, 22, 37, 131 Man, Isle of 124, 126 marginal tax rates 145, 172–3, 174, 192, 194, 235 markets, government policy/taxation and 58–9, 61, 63–4, 170–1, 187–8, 191, 212, 215, 236 marriage 24–5, 225 Mazzucato, Mariana 136 Meacher, Michael 153–4 media comment 157, 158 microeconomics, misapplication to government 86–7 middle ground in politics 157–8 minimal-state ideology 155–6, 158 Mirrlees Review 109 misconceptions 86 mistrust 152, 154 Mitchell, Dan 134 monarchy 20–2, 117, 219 monetary policy 58, 59–60 money 46–7 creation of 45–52+nn, 53, 86–7, 181–2, 208–9, 214 debt and 213 decreasing value to individuals 144–5, 181 destruction of 48n, 49, 53, 213 and the economy 209 equivalence 181, 224, 233 importance of 57 profit and 48–9 promises and 49, 51, 56 tax and 14, 56–7, 85–8, 180 value of 56–7, 66 see also bank transactions and financial transactions mortgages 89, 228–9 MPs, resources available to 109–10, 112 multinational companies 124–7, 150–2, 198, 201, 222 Murphy, Richard 110, 112, 113, 126, 131n, 153–4, 192, 203n mutuality 133 nation states 23, 24, 25–7, 35 National Audit Office 205 national debt 46, 52, 76, 213 national insurance 167–9, 172–3, 189, 232 and benefits system 189, 191 as proportion of tax paid 29, 161, 169, 189 proposals for replacing 72, 164, 189, 190, 194, 232–3 and unearned income 231–2 needs 57, 141–4 see also sufficiency Netherlands, the 126, 135, 146 NGOs 110 NHS 158, 167, 189 Northern Ireland 166 objectivity 105 OECD 125, 126, 134n, 150, 151 Office for Budget Responsibility 52, 91–3, 205 Office for Tax Responsibility, proposed 205, 220–1 offshore arrangements 99–100, 190 oil 35, 63 opacity see secrecy Osborne, George 59, 76–8, 82, 90–1, 174 overdrafts 48 ownership, tax and 38–44 Oxford Centre for Business Taxation 108–9, 110 Oxford Dictionary, definition of tax 30–2, 35–6, 37, 43 Paine, Thomas 24 parties, political 84, 94 partnerships, business 42 partnerships (marriage) 24–5, 225 Paul, St 16 Pay As You Earn 167, 173 PCS (Public and Commercial Services Union) 203n peace 131–3, 136, 137 Peasants’ Revolt (1381) 20, 37 pension funds 50, 60 pensioners 72, 232 pensions 143, 167, 168, 174–5, 189, 192, 235 citizen’s income and 192 personal allowances 72, 193, 230, 235 Pickett, Kate 145 Piketty, Thomas 190 Plaid Cymru 84, 94 plutocracy 71 politicians 84–5 poll taxes 15, 16, 20, 33, 37, 186 pollution 63, 191, 212 poverty 192, 194 power 17, 20, 23 price elasticity of demand 64 product safety 159 profit, banking and 48–9 profit-shifting 134–5 proof, onus of 196, 217, 224 property taxation and 31, 39–44, 54, 71 see also council tax, housing and land property rights 39, 41, 42–3, 132 protest 33, 37 see also conflict Public Accounts Committee, House of Commons 109, 114, 117, 204 public spending see government spending Quaker beliefs 10, 131n quantitative easing 46, 47n, 49–52, 58, 60, 229–30, 238 Rabushka, Alvin 78–9 recession 78, 79–80, 191 reciprocal rights and double tax treaties 223 reclamation see under tax/taxation redistribution 62–3, 66, 144, 185, 230, 238 Reed, Howard 192 representation, taxation and 19–20, 22–7, 31, 37–8, 65, 66, 70–1 repricing, tax as 64, 66 research 108–10, 135–6, 236 responsibility 39 retirement, saving for 174–5, 231 see also pensions right-wing views 68–80, 156–7, 158 rioting 33 road use 191 Roman Empire 15–16 Rousseau, Jean-Jacques 26–7 royalties 181, 223 sales taxes 15–16, 163, 187 see also VAT saving 59, 87, 89+n, 90–1, 172 investment and 209 tax and 175, 231 schools 108 Scotland 33, 37, 166 independence referendum (2014) 23, 24, 26, 128–9 Scottish National Party 84, 94 secrecy 69, 99, 122, 151, 152, 201 secrecy jurisdictions 135 seigniorage 182 self-employed people 98, 167, 168, 173 shadow economy 55–6, 146–8 shareholders 200–1, 233 simplicity 133, 152–5, 218, 230, 236 of money creation 51 see also flat taxes Singapore 126 skills, funding 136–7 Smith, Adam 24, 70, 129–31, 137 smuggling 14, 163 social contract 26–7, 132–3 social mores, taxation and 24–7 social security systems 191–2 see also welfare benefits socialism 157 speculation 171, 185, 187, 214, 224 Spirit Level, The 145 stamp duty 29, 73, 187, 228 Starbucks 135 states and statehood 23, 24, 25–7 extent of role 156–60 see also government(s) stigma 194, 235 student loans 173–4 subjectivity 105 sufficiency 141–4 sustainability 57, 215 Switzerland 135 tax/taxation acceptance of 25–6, 32–8, 67–8, 96 administration of 16, 123, 219–21 (see also HMRC) alternatives to 45–7 and choice 68, 96, 103, 106, 126–9 as counterbalance 53–5 definitions and perceptions of 30–2, 35–6, 37, 40–4 education concerning 102, 106–8 efficient 160–1 embracing 25, 27, 44, 238 functions 55–66 history 13–26 inclusivity and default 196, 217 indirect 74 ownership 38–44, 216 payment in kind 14, 15, 16 political context 37–9, 105 process, stages of 122–3 progressive 15, 139, 145, 181, 189, 230 and property 39–44, 54 as proportion of income 74–5 range of and proportions of revenue raised in UK 28, 29 reasons and purposes for 52–66, 160, 178 as reclamation of money spent 52–5, 75, 81, 180, 210 regressive 139, 189–90, 227, 237 responsibility for 219 right to spend 39 scope of 196, 217 unacceptable 33, 37 see also under government spending tax abuse 14, 16, 96–102, 103, 168, 195–6 victims of 101 see also tax avoidance and tax evasion tax avoidance 43, 96–7, 99–102, 103, 110, 173, 198 anti-avoidance principle 112, 113, 196 flat taxes and 74 proposed legislation against 153–4, 224, 236 tax base(s) 16, 31, 122, 179, 222–3 defining 179, 196 finding 197, 201 inclusive 195–7, 217 inconsistent 183 tax competition 133–4, 135–6 tax design 169 tax evasion 43, 69, 96–9, 100–1, 103, 110 tax gap 110, 220 tax havens 35, 69, 99–102, 123–4, 126, 134, 135–6, 201–2 registration of companies in 151 and secrecy 149–50 UK and 146, 174 wealth taxes and 184 tax justice 220 tax justice movement 149, 151, 184, 201 Tax Justice Network 9, 124 tax offices 118–21 tax policy 156, 229–30 tax reliefs 25, 97, 165, 175, 176, 196 Tax Reporting Standards Board, proposed 222 Tax Research Network 109 Tax Responsibility, Office for, proposed 205, 220–1 Tax Select Committee, proposed 205 tax systems 129–55, 168–9, 171, 178–80, 224 Taxation, Department of, proposed 219–21, 227 Taxation and State-Building in Developing Countries (Brautigam et al.) 26n Taxpayers’ Alliance 68–9, 70, 72 ‘taxpayers’ money’ 39–44, 216 Teather, Richard 101 technology 135–6, 176 temporary residence rule, proposed 197, 222 tenants 228, 229 Thatcher, Margaret 33, 68, 70, 86, 101 theft 36, 43, 44 tithing 15 tobacco 64, 74, 191 trade deficit 89 transparency 123–7, 216 transport 158–9, 176, 191 Treasury Committee, House of Commons 117 tribunals 118 trust 119–20, 148–9, 152, 154 trusts 42, 184 truth 30, 52, 84, 133, 146–52 Turner, Adair 52n 2020 Tax Commission 72, 75, 76 Tyler, Wat 20 UK aggregate tax rate 35 proportion of tax taken by different taxes 28, 29, 139 right to leave 32 shadow economy 146 and tax havens 146, 174 tax paid by income decile 139–40 UK GAAP 222 ‘UK plc’ 86 UK political parties 84, 94, 157–8 unemployment, effects 83, 89 universal credit 174 universities 107–9 US dollar 55–6 USA, Declaration of Independence 22–3, 24, 26 VAT 64, 74, 174, 187, 189, 236–7 exemptions 64, 236 as proportion of tax paid 29, 161 vertical equity 139 Virgin Islands, British 124 voting rates 42, 65 Walmart 150 Walmsley, Brad 70–1 wars 18, 53, 131–2 wealth concentration of 185 taxation and 28–30, 31, 73–4, 180–7, 190–1 Wealth of Nations, The (Smith) 24, 129–31 wealth taxes 16, 123, 163, 165, 183–7 global 190, 226–7 proposed 226–7, 228 see also financial transactions tax welfare benefits 62–3, 167 interaction/integration with tax 142, 174, 191–5, 234–6 national insurance and 189 unclaimed 194 as universal 235 welfare state 142–3 well-being, taxation and 35, 61 Wilkinson, Richard 145 work 194–5, 238 see also employment World Economic Forum 74 Worstall, Tim 71 Zimbabwe 35 About the Author Richard Murphy is a UK chartered accountant.


pages: 249 words: 66,492

The Rare Metals War by Guillaume Pitron

Albert Einstein, Berlin Wall, carbon footprint, circular economy, clean tech, cloud computing, collapse of Lehman Brothers, commodity super cycle, connected car, David Attenborough, decarbonisation, degrowth, deindustrialization, dematerialisation, Deng Xiaoping, Donald Trump, driverless car, dual-use technology, Elon Musk, energy transition, Fairphone, full employment, green new deal, green transition, industrial robot, Internet of things, invisible hand, Jeff Bezos, Kickstarter, knowledge economy, Lyft, mittelstand, offshore financial centre, oil shale / tar sands, planetary scale, planned obsolescence, Silicon Valley, smart cities, smart grid, smart meter, South China Sea, spinning jenny, Tesla Model S, Yom Kippur War

Their combination is ushering in an era of energy abundance, stimulating new industries, and has already created 10 million jobs worldwide.13 This is a boon not lost on political leaders: to help these new markets take off, Europe is now urging its member states to reduce their carbon dioxide emissions by 40 per cent (in relation to 1990 levels) by 2030, and to increase to 27 per cent the renewable-energy share of their energy consumption. But why stop there? A 2015 report by the Royal Society of Chemistry confirmed it was economically and technically feasible for the US to rely only on renewable-energy sources by 2050.14 In 2019, Democratic representative Alexandria Ocasio-Cortez defended the very same objective under the ‘Green New Deal’.15 The acceleration of rare metal consumption This technological diversification has multiplied the types of metals that humanity uses. Between the ages of antiquity and the Renaissance, human beings consumed no more than seven metals;16 this increased to a dozen metals over the twentieth century; to twenty from the 1970s onwards; and then to almost all eighty-six metals on Mendeleev’s periodic table of elements.

Leads in Greenhouse Gas Reductions, but Some States Are Falling Behind’, Environmental and Energy Study Institute, 27 March 2018 van der Voet, Ester, Salminen, Reijo, Eckelman, Matthew, Mudd, Gavin, Norgate, Terry, Hisschier, Roland, Spijker, Job, Vijver, Martina, Selinus, Olle, Posthuma, Leo, de Zwart, Dick, van de Meent, Dik, Reuter, Markus, Tikana, Ladji, Valdivia, Sonia, Wäger, Patrick, Hauschild, Michael Zwicky, and de Koning, Arjan, ‘Environmental Risks and Challenges of Anthropogenic Metals Flows and Cycles: a report of the working group on the global metal flows to the International Resource Panel’, Kenya, United Nations Environment Programme (UNEP), 2013 ‘World Energy Outlook 2014 Factsheet: Power and renewables’, International Energy Agency, 2014 Essential reading: articles Apremont, Bernard, ‘L’économie de l’URSS dans ses rapports avec la Chine et les démocraties Populaires’, Politique étrangère, 1956, vol. 21, n° 5, p. 601–13 Buss, Sandro, ‘Des aimants permanents en terres rares’, La Revue polytechnique, no. 1745, 13 April 2010 Chellaney, Brahma, ‘The Challenge from Authoritarian Capitalism to Liberal Democracy’, China-US Focus, 6 October 2016 ‘China Declared World’s Largest Producer of Scientific Articles’, Scientific American, 23 January 2018 Paarlberg, Robert L., ‘Lessons of the Grain Embargo’, Foreign Affairs, Fall 1980 issue Petersen, John, ‘How Large Lithium-ion Batteries Slash EV Benefits’, 2016 ‘Rep. Alexandria Ocasio-Cortez Releases Green New Deal Outline’, NPR, 7 February 2019 Vidal, Olivier, Goffé, Bruno and Arndt, Nicholas, ‘Metals for a low-carbon society’, Nature Geoscience, vol. 6, November 2013 Essential viewing Mönch, Max, Lahl, Alexander, Ocean’s Monopoly, Werwiewas, 2015 Guillaume, Pitron and Turquier, Serge, Rare Earths: the dirty war, 2012 Secrets of the Super Elements, presented by Mark Miodownik, BBC, 2017 Tison, Coline and Lichtenstein, Laurent, Datacenter: the hidden face of the web, Camicas Productions, 2012 Useful websites by region Africa African Development Bank (Ethiopia): https://www.afdb.org Royal Bafokeng Holdings (South Africa): www.bafokengholdings.com United Nations Environment Programme (Kenya): www.unep.org Asia The Chinese Society of Rare Earths (China): https://fr.linkedin.com/company/the-chinese-society-ofrareearths New Energy and Industrial Technology Development Organization (Japan): www.nedo.go.jp/english PT Timah TBK (Indonesia): www.timah.com Australia Association of Mining and Exploration Companies: www.amec.org.au Australia’s Mining Monthly: www.miningmonthly.com Australia Minerals: www.australiaminerals.gov.au Australian Mining Magazine: www.australianmining.com.au Geoscience Australia: www.ga.gov.au Lynas Corporation: www.lynascorp.com Minerals Council of Australia: www.minerals.org.au Northern Minerals: https://northernminerals.com.au France Commission for Independent Research and Information about Radiation (CRIIRAD): http://www.criirad.org/english/presentation.html Cyclope: www.cercle-cyclope.com/?

‘Renewable Energy and Jobs — Annual Review 2018’, International Renewable Energy Agency (IRENA). ‘100 Per Cent Clean and Renewable Wind, Water, and Sunlight (WWS) All-Sector Energy Roadmaps for the 50 United States’, Royal Society of Chemistry, 27 May 2015. ‘Rep. Alexandria Ocasio-Cortez Releases Green New Deal Outline’, NPR, 7 February 2019. Gold, copper, lead, silver, tin, mercury, and iron. British Petroleum 2017: Outlook for 2035. ‘Gas is the fastest growing fuel (1.6 per cent p.a.); Oil continues to grow (0.7 per cent p.a.), although its pace of growth is expected to slow gradually; The growth of coal is projected to decline sharply: 0.2 per cent p.a. compared with 2.7 per cent p.a. over the past 20 years — coal consumption is expected to peak in the mid-2020s; Renewable energy is the fastest growing source of energy (7.1 per cent p.a.), with its share in primary energy increasing to 10 per cent by 2035, up from 3 per cent in 2015’ (p. 15).


pages: 375 words: 105,586

A Small Farm Future: Making the Case for a Society Built Around Local Economies, Self-Provisioning, Agricultural Diversity and a Shared Earth by Chris Smaje

agricultural Revolution, Airbnb, Alfred Russel Wallace, back-to-the-land, barriers to entry, biodiversity loss, Black Lives Matter, Boris Johnson, carbon footprint, circular economy, clean water, climate change refugee, collaborative consumption, Corn Laws, COVID-19, David Ricardo: comparative advantage, decarbonisation, degrowth, deindustrialization, dematerialisation, demographic transition, Deng Xiaoping, Donald Trump, energy transition, European colonialism, Extinction Rebellion, failed state, fake news, financial deregulation, financial independence, Food sovereignty, Ford Model T, future of work, Gail Bradbrook, garden city movement, Garrett Hardin, gentrification, global pandemic, Great Leap Forward, green new deal, Hans Rosling, hive mind, intentional community, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Jevons paradox, land reform, mass immigration, megacity, middle-income trap, Murray Bookchin, Naomi Klein, Peace of Westphalia, peak oil, post-industrial society, precariat, profit maximization, profit motive, rent-seeking, rewilding, Rutger Bregman, Silicon Valley, Silicon Valley billionaire, Steven Pinker, Stewart Brand, Ted Nordhaus, the scientific method, The Wealth of Nations by Adam Smith, Tragedy of the Commons, transaction costs, vertical integration, Washington Consensus, Wolfgang Streeck, zero-sum game

So the capitalist world system is mired in crises of justice, political legitimacy and its own self-reproduction. It’s possible it’ll survive them. It has survived numerous crises before, though not without human cost. But it’s hard to see quite how it’ll manage this time. One possibility that’s gained a head of steam lately is a ‘green new deal’ inspired by US president Franklin Roosevelt’s Depression-busting New Deal of the 1930s. A green new deal promises to create many new jobs in low-carbon economic sectors – an excellent idea that I take up in these pages by advocating for a small farm future in which numerous people work agrarian holdings (in fact, this was also a somewhat forgotten part of Roosevelt’s original New Deal).

In the event, the massive shakedowns of global war, Cold War and rapid, fossil-fuelled postwar economic growth staved off the reckoning between capitalism and citizenries that was brewing in the 1930s. But it’s now returned with a vengeance, and with an ecological reckoning thrown into the mix, too. If, as I hope, there’s to be a successful green new deal, it’s not clear that capitalism could survive it. In relation to the idea of proximal and underlying causation introduced earlier, the dynamics of endless capitalist growth that we’ve examined here do seem to lie deep at the roots of many of the other crises we’ve considered. Critics of environmental breakdown and social injustice increasingly converge on the view that, to paraphrase Bill Clinton’s campaign strategist: ‘It’s capitalism, stupid.’

I have to concede that’s true, though perhaps it’s not quite as unlikely as at first it seems. It’s possible that a combination of emerging crises, along with the realisation among electorates that mainstream political promises are irredeemable within the present global political economy, will impel a new generation of politicians to implement a green new deal involving rapid decarbonisation, land reform and reinvigorated, distributed rural economies. Already, radical political parties of various colours are making electoral gains against more traditionally centrist parties supportive of the neoliberal status quo. Political change is in the air. But it still seems unlikely that existing states will be able to deliver a small farm future, or else rescue the present global order from the crises enveloping it.


pages: 667 words: 149,811

Economic Dignity by Gene Sperling

active measures, Affordable Care Act / Obamacare, antiwork, autism spectrum disorder, autonomous vehicles, basic income, behavioural economics, benefit corporation, Bernie Sanders, Big Tech, Cass Sunstein, collective bargaining, company town, corporate governance, cotton gin, David Brooks, desegregation, Detroit bankruptcy, disinformation, Donald Trump, Double Irish / Dutch Sandwich, driverless car, Elon Musk, employer provided health coverage, Erik Brynjolfsson, Ferguson, Missouri, fulfillment center, full employment, gender pay gap, ghettoisation, gig economy, Gini coefficient, green new deal, guest worker program, Gunnar Myrdal, housing crisis, Ida Tarbell, income inequality, independent contractor, invisible hand, job automation, job satisfaction, labor-force participation, late fees, liberal world order, longitudinal study, low skilled workers, Lyft, Mark Zuckerberg, market fundamentalism, mass incarceration, mental accounting, meta-analysis, minimum wage unemployment, obamacare, offshore financial centre, open immigration, payday loans, Phillips curve, price discrimination, profit motive, race to the bottom, RAND corporation, randomized controlled trial, Richard Thaler, ride hailing / ride sharing, Ronald Reagan, Rosa Parks, Second Machine Age, secular stagnation, shareholder value, Sheryl Sandberg, Silicon Valley, single-payer health, speech recognition, stock buybacks, subprime mortgage crisis, tech worker, TED Talk, The Chicago School, The Future of Employment, The Wealth of Nations by Adam Smith, Toyota Production System, traffic fines, Triangle Shirtwaist Factory, Uber and Lyft, uber lyft, union organizing, universal basic income, W. E. B. Du Bois, War on Poverty, warehouse robotics, working poor, young professional, zero-sum game

But it does call for shaping our public policies to structure and reward robust innovation, competition, and public strategies that will lead to a carbon-neutral future, bolster our domestic industrial base, and generate millions of high-wage jobs in the United States. It is heartening that those strategizing on climate change—from different versions of a Green New Deal to implementation of the Obama administration’s Clean Power Plan—have been focused on simultaneously achieving broad national goals and calling for policies to prevent devastating economic dislocation and downward economic cycles for workers and communities. This is the right approach for a nation committed to protecting economic dignity amid transformative change.

Building on the Civilian Conservation Corps concept to undertake a generational upgrade of our public lands and national parks is an example of a worthy and deeply needed national project that could create jobs and experience connected to the natural environment. More ambitiously, there are potentially millions of jobs that can be created or enhanced by making good on the vision of a Green New Deal—from energy-efficient installations, to lead removal, to installation and maintenance of new infrastructure like electric vehicle charging stations. These jobs may not involve direct assistance to promote the dignity of specific individuals, but they can represent dignified work that furthers an environmental future that will have a profound impact on health, happiness, and overall well-being.

See earned income tax credit “EITC for All,” 180–82 elder care, 217–20 “electronic whips,” 82–83, 236–37 Ellwood, David, 207 Emergency Unemployment Compensation Act, 39–40 employee monitoring software, 244 Employee Retirement Income Security Act (ERISA) of 1974, 235 End of Loyalty, The (Wartzman), 119 entrepreneurship, government’s role, 97–98 environment carbon neutral economy, 140–41 Clean Power Plan, 141 climate change, 140–41 corporate purpose and, 119 environmental racism, 41 environmental standards in trade agreements, 122–23 Green New Deal, 141, 220 Epic Systems Corp. v. Lewis, 20, 248, 260 E Pluribus Unum (Putnam), 234 Equal Employment Opportunity Commission (EEOC), 245 equality building a pipeline promoting, 284–90 “dignity” and, 13–14 equal protection, 245 Escanilla, Carlos, 278–79 Escobar, Pablo, 71, 116 Evans, Gail, 232–33 executive compensation, 324n extracurricular activities, 286–88 Facebook, 117, 234 fair chance licensing reforms, 55–56 Fair Deal, 29 Fair Food Program, 256 Fair Housing Act of 1968, 203 Fair Labor Standards Act (FLSA) of 1938, 66–67, 73, 74, 176, 256–57 “fair trade” certification, 238 family care of.


pages: 1,172 words: 114,305

New Laws of Robotics: Defending Human Expertise in the Age of AI by Frank Pasquale

affirmative action, Affordable Care Act / Obamacare, Airbnb, algorithmic bias, Amazon Mechanical Turk, Anthropocene, augmented reality, Automated Insights, autonomous vehicles, basic income, battle of ideas, Bernie Sanders, Big Tech, Bill Joy: nanobots, bitcoin, blockchain, Brexit referendum, call centre, Cambridge Analytica, carbon tax, citizen journalism, Clayton Christensen, collective bargaining, commoditize, computer vision, conceptual framework, contact tracing, coronavirus, corporate social responsibility, correlation does not imply causation, COVID-19, critical race theory, cryptocurrency, data is the new oil, data science, decarbonisation, deep learning, deepfake, deskilling, digital divide, digital twin, disinformation, disruptive innovation, don't be evil, Donald Trump, Douglas Engelbart, driverless car, effective altruism, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Evgeny Morozov, fake news, Filter Bubble, finite state, Flash crash, future of work, gamification, general purpose technology, Google Chrome, Google Glasses, Great Leap Forward, green new deal, guns versus butter model, Hans Moravec, high net worth, hiring and firing, holacracy, Ian Bogost, independent contractor, informal economy, information asymmetry, information retrieval, interchangeable parts, invisible hand, James Bridle, Jaron Lanier, job automation, John Markoff, Joi Ito, Khan Academy, knowledge economy, late capitalism, lockdown, machine readable, Marc Andreessen, Mark Zuckerberg, means of production, medical malpractice, megaproject, meta-analysis, military-industrial complex, Modern Monetary Theory, Money creation, move fast and break things, mutually assured destruction, natural language processing, new economy, Nicholas Carr, Nick Bostrom, Norbert Wiener, nuclear winter, obamacare, One Laptop per Child (OLPC), open immigration, OpenAI, opioid epidemic / opioid crisis, paperclip maximiser, paradox of thrift, pattern recognition, payday loans, personalized medicine, Peter Singer: altruism, Philip Mirowski, pink-collar, plutocrats, post-truth, pre–internet, profit motive, public intellectual, QR code, quantitative easing, race to the bottom, RAND corporation, Ray Kurzweil, recommendation engine, regulatory arbitrage, Robert Shiller, Rodney Brooks, Ronald Reagan, self-driving car, sentiment analysis, Shoshana Zuboff, Silicon Valley, Singularitarianism, smart cities, smart contracts, software is eating the world, South China Sea, Steve Bannon, Strategic Defense Initiative, surveillance capitalism, Susan Wojcicki, tacit knowledge, TaskRabbit, technological solutionism, technoutopianism, TED Talk, telepresence, telerobotics, The Future of Employment, The Turner Diaries, Therac-25, Thorstein Veblen, too big to fail, Turing test, universal basic income, unorthodox policies, wage slave, Watson beat the top human players on Jeopardy!, working poor, workplace surveillance , Works Progress Administration, zero day

In our time, the disastrously pollutive effects of much consumption are well known. So the political face of MMT in our time is not simply an argument for a “people’s quantitative easing” or a universal basic income (both of which would undoubtedly reduce unemployment to some degree). Rather, it is a Green New Deal, an investment in the types of productive capacity that can decarbonize (or at least not contribute to the carbonization of) the atmosphere.63 This substantive emphasis is a major advance past classic Keynesian doctrine. It recognizes that the earth has limits, that we are on the brink of surpassing them, and that we can try to undo the damage.

Alstott, The Public Option: How to Expand Freedom, Increase Opportunity, and Promote Equality (Cambridge, MA: Harvard University Press, 2019). 34. Pavlina Tcherneva in conversation with David Roberts, “30 Million Americans are Unemployed. Here’s How to Employ Them,” Vox, May 4, 2020, at https://www.vox.com/science-and-health/2020/5/4/21243725/coronavirus-unemployment-cares-act-federal-job-guarantee-green-new-deal-pavlina-tcherneva. Pavlina Tcherneva, “The Job Guarantee: Design, Jobs, and Implementation,” Levy Economics Institute, Working Papers Series No. 902 (2018), https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3155289. 35. William J. Baumol and William G. Bowen, Performing Arts: The Economic Dilemma (New York: Twentieth Century Fund, 1966). 36.

Randall Wray, Modern Monetary Theory, 3d ed. (New York: Palgrave MacMillan, 2012). 62. Mariana Mazzucato, The Entrepreneurial State: Debunking Public vs. Private Sector Myths (London: Penguin, 2018). 63. Kate Aronoff, Alyssa Battistoni, Daniel Aldana Cohen, and Thea Riofrancos, A Planet to Win: Why We Need a Green New Deal (New York: Verso, 2019). 64. Gregg Gonsalves and Amy Kapczynski, “The New Politics of Care,” Boston Review (2020), http://bostonreview.net/politics/gregg-gonsalves-amy-kapczynski-new-politics-care. 65. For insightful comments on this facet of an emergent MMT research agenda, see Nathan Tankus, “Are General Price Level Indices Theoretically Coherent?


Green Economics: An Introduction to Theory, Policy and Practice by Molly Scott Cato

Albert Einstein, back-to-the-land, banking crisis, banks create money, basic income, Bretton Woods, Buy land – they’re not making it any more, carbon footprint, carbon tax, central bank independence, clean water, Community Supported Agriculture, congestion charging, corporate social responsibility, David Ricardo: comparative advantage, degrowth, deskilling, energy security, food miles, Food sovereignty, Fractional reserve banking, full employment, gender pay gap, green new deal, income inequality, informal economy, intentional community, Intergovernmental Panel on Climate Change (IPCC), job satisfaction, land bank, land reform, land value tax, Mahatma Gandhi, market fundamentalism, Money creation, mortgage debt, Multi Fibre Arrangement, passive income, peak oil, price stability, profit maximization, profit motive, purchasing power parity, race to the bottom, reserve currency, Rupert Read, seminal paper, the built environment, The Spirit Level, Tobin tax, tontine, University of East Anglia, wikimedia commons

Lawrence (1972) A Blueprint for Survival, Harmondsworth: Penguin. Friends of the Earth (1994) Working Future? Jobs and the Environment, London: FoE. Scottish Executive (2005) Going for Growth: A Green Jobs Strategy for Scotland, Edinburgh: Scottish Parliament. A Green New Deal, published by the New Economics Foundation on behalf of the Green New Deal Group, downloadable from www.neweconomics.org, last accessed 8 October 2008. WORK 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 69 J. Barry and B. Doherty (2001) ‘The greens and social policy: Movements, politics and practice?’

More UK jobs in repair of cars and white goods would lead to more skilled jobs tied to the UK. Recycling offers to create 14,000 extra jobs in London alone. Source: S. Fitz-Gibbon (2004) Best of Both Worlds: Green Policies for Job Creation and Sustainability, London: Green Party response to the recession following on the global financial crisis as in the Green New Deal.8 Where there is agreement it is on the issue of what work will be necessary in the sustainable economy. Much of the work carried out today is souldestroying and wasteful of resources, creating gadgets than can be sold to make a profit for the corporation which controls the brand they are sold under, but offering little in terms of real satisfaction to the purchaser, and equally little in terms of job satisfaction to the producer.


pages: 297 words: 84,447

The Star Builders: Nuclear Fusion and the Race to Power the Planet by Arthur Turrell

Albert Einstein, Arthur Eddington, autonomous vehicles, Boeing 747, Boris Johnson, carbon tax, coronavirus, COVID-19, data science, decarbonisation, deep learning, Donald Trump, Eddington experiment, energy security, energy transition, Ernest Rutherford, Extinction Rebellion, green new deal, Greta Thunberg, Higgs boson, Intergovernmental Panel on Climate Change (IPCC), ITER tokamak, Jeff Bezos, Kickstarter, Large Hadron Collider, lockdown, New Journalism, nuclear winter, Peter Thiel, planetary scale, precautionary principle, Project Plowshare, Silicon Valley, social distancing, sovereign wealth fund, statistical model, Stephen Hawking, Steve Bannon, TED Talk, The Rise and Fall of American Growth, Tunguska event

Teenage climate campaigner Greta Thunberg is touring the world telling politicians and officials to do more. In the UK, the Extinction Rebellion movement has protested by blocking streets and gluing themselves to government buildings. They want net zero carbon emissions by 2025. In the US, Democrats have campaigned for a Green New Deal that includes a commitment to net zero by 2030. By 2019, fifteen nations had committed to reach net zero by 2050. But it’s one thing to promise net zero carbon emissions, it’s quite another to achieve them.2 The star builders have an unusual plan to avert Earth’s unfolding climate catastrophe: they want to save the planet by building a star.

See also specific laboratories MagLIF (magnetized liner inertial fusion) and, 157–58 spherical tokamaks and, 156–57 star builders’ support for efforts of, 160 stellarator designs and, 154–56 governments, and net zero carbon emission goal and, 28, 199, 200 government-sponsored projects fusion supported by, 24 net energy gain innovation in, 193 progress in tokamaks in, 185–86 gravity density of stars and, 80, 81, 85 energy release in nuclear reactions and, 60, 96 formation of stars and, 74–75, 110 magnetic confinement fusion and, 10, 169 net-energy-gain fusion and, 82, 110 Green New Deal proposal, 28 Günter, Sibylle acceptance problem in fission use and, 40 challenge of working with plasma physics and, 67 costs of reactors and, 201–2 focus on study of understanding plasmas and, 66 fusion progress and, 184 inefficiency of particle-smashing approach and, 63 as Max Planck Institute scientific director, 25, 66 promises from start-ups and, 153 race to build a star and, 160 saving the planet as motivation for, 27 scaling problem of providing energy to power the whole planet and, 37 Wendelstein 7-X stellarator and, 25, 154–55 Halite-Centurion experiments, 131, 190–91 Harteck, Paul, 54–55, 149 Hawker, Nick, 139 advantages of being a private star-building company and, 144 coming of the fusion future and, 26, 39 commercialization issues and, 201 factors in fission’s cost and, 40 First Light Fusion’s management by, 22–23 fusion cost estimates from, 206, 207 inertial confinement fusion and, 112, 114, 197–98 net energy gain goal and, 24 off-the-shelf technology used by, 137, 146, 202 pistol-shrimp shock-wave simulation of, 134, 134n problems in future energy generation and, 39 promises from start-ups and, 154 public’s concerns about nuclear reactor use and, 168 safety of nuclear fusion and, 167 safety of working environment and, 180 saving the planet as motivation for, 27 as star builder, 22–24 Hawking, Stephen, 10, 27 HB11-Energy, 143 Helion Energy, 143, 146 Henri-Rebut, Paul, 107 Herrmann, Mark, 22 background of, 16–17 challenge of working with plasma physics and, 67–68 competitors and, 20, 152, 192 deuterium-tritium fusion reactions and, 55–56 government support for projects and, 14 improvements in energy yield at NIF and, 190 inertial confinement fusion and, 113 net energy gain goal and, 192 NIF ignition possibility and, 190, 191 NIF management by, 189 precision needed in process and, 125 radiation risk and, 178 Rayleigh-Taylor instability and, 130 safety of nuclear fusion and, 167 saving the planet as motivation for, 27, 28 as star builder, 15–17 Hinkley Point fission plant, Somerset, United Kingdom, 40, 202 Hiroshima, Japan, bombing (1945) of, 165 Horton, Lorne, 89–92 background of, 89–90 JET machine mechanism and, 92, 105, 106, 108, 109 radiation risk from fusion fuel and, 175 reliability of reactors and, 103 safety of working environment and, 180 hotspot ignition, 124 Hurricane, Omar, 158 NIF management by, 189–90 as star builder, 17–18 hybrid fission-fusion reactors, 192 hydroelectricity.

See also deuterium-tritium fusion Lawson’s equations on use of, 109–10 number of years left for supply of, if used exclusively, 44–45 structure of, as hydrogen isotope, 51–52 UFL-2M laser fusion facility, Russia, 192 United Kingdom Extinction Rebellion movement in, 27 funding from, 157 land area needed for wind power generation in, 37 renewable energy use projection for, 37–38 UK Atomic Energy Authority (UKAEA), 88–89 UK Atomic Energy Research Establishment, 54 UK Committee on Climate Change, 37–38 United States Green New Deal proposal in, 28 ITER tokamak, Cadarache, France, and, 186–87 US Department of Energy, 20, 144, 189, 191, 205 US Energy Information Administration, 30, 206n uranium, 44, 166–67 Van Wonterghem, Bruno, 1–3, 7, 17, 118, 126–27, 177–78, 191 Wagner, Fritz, 184–85 Walton, Ernest, 53–54, 61 wave power.


pages: 309 words: 81,243

The Authoritarian Moment: How the Left Weaponized America's Institutions Against Dissent by Ben Shapiro

2021 United States Capitol attack, active measures, affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, Amazon Web Services, Bernie Sanders, Big Tech, Black Lives Matter, coronavirus, COVID-19, critical race theory, crowdsourcing, defund the police, delayed gratification, deplatforming, disinformation, don't be evil, Donald Trump, fake news, Ferguson, Missouri, future of work, gender pay gap, George Floyd, global pandemic, green new deal, Greta Thunberg, Herbert Marcuse, hiring and firing, illegal immigration, income inequality, Intergovernmental Panel on Climate Change (IPCC), It's morning again in America, Jon Ronson, Kevin Roose, lockdown, Mark Zuckerberg, mass incarceration, microaggression, mutually assured destruction, New Journalism, obamacare, Overton Window, Parler "social media", Robert Bork, Ronald Reagan, Saturday Night Live, Silicon Valley, Snapchat, social distancing, Social Justice Warrior, Steven Pinker, Susan Wojcicki, tech bro, the scientific method, TikTok, Tim Cook: Apple, War on Poverty, yellow journalism

To abide by the Paris Agreement guidelines would cost, by Heritage Foundation estimates, at least $20,000 income loss per family by 2035 and a total aggregate GDP loss of $2.5 trillion.24 And as even the UN Environment Programme found in 2017, if every major country kept to its pledges under the much-ballyhooed Paris Agreement, the earth will still warm at least 3°C by 2100.25 In fact, even if the United States were to cut its carbon emissions 100 percent, the world would be 0.2°C cooler by 2100. To reach net zero carbon emissions worldwide by 2050 via Representative Alexandria Ocasio-Cortez’s (D-NY) infamous Green New Deal would cost the typical family of four $8,000 every single year.26 This is not to suggest that nothing can be done about climate change. We should be investing in adaptive measures like seawalls, and be looking to new technologies like geoengineering. We should be cheering on America’s fracking industry, which has redirected energy use from more carbon-intensive industries; we should be pushing for the use of nuclear energy; we should be promoting capitalism, which increases living standards around the globe, thus making people in poverty less vulnerable to the ravages of climate change.

Michael Greshko, “Current Climate Pledges Aren’t Enough to Stop Severe Warming,” NationalGeographic.com, October 31, 2017, https://www.nationalgeographic.com/news/2017/10/paris-agreement-climate-change-usa-nicaragua-policy-environment/#close. 26. Kevin D. Dayaratna, PhD, and Nicolas D. Loris, “Assessing the Costs and Benefits of the Green New Deal’s Energy Policies,” Heritage.org, July 24, 2019, https://www.heritage.org/sites/default/files/2019-07/BG3427.pdf. 27. Helen Pluckrose and James Lindsay, Cynical Theories ([Durham, NC]: Pitchstone, 2020), 37. 28. Lawrence Krauss, “The Ideological Corruption of Science,” WSJ.com, July 12, 2020, https://www.wsj.com/articles/the-ideological-corruption-of-science-11594572501?

See also Black Lives Matter Fox News, 182, 184 Frankfurt School, 6–9, 54 freedom of speech and the press conservative media and cancel culture, 180–85 Left sees as protection for special groups, 170–71 social media and “hate speech,” 26, 204–5 Freeman, Morgan, 160 Frenkel-Brunswik, Else, 7 Friedersdorf, Conor, 42 Fromm, Erich, 54 “frozen prejudices,” minority coalitions and, 39 Fruit by the Foot, 121 Fuller, Joseph, 75–76 Gabbart, Blaine, 157 Galam, Serge, 39 Galligan, Jimmy, 207 Garber, Megan, 152 Garcetti, Eric, 101 Garza, Alicia, 123 Gay and Lesbian Alliance Against Defamation (GLAAD), 147–48 Gebru, Timnit, 206 Gender, Place, and Culture (journal), 85 gender dysphoria, ScienceTM and, 112–13 Georgia, 135, 146 Ghostbusters (2016 film), 151–52 Giannulli, Olivia Jade, 74–75 Giridharadas, Anand, 184 Glasser, Ira, 92–93 Glassman, Greg, 122 Gleiberman, Owen, 151 Goldberg, Jeffrey, 175 Goldberg, Jonah, 51 Goldman Sachs, 128 Gone With the Wind (film), 148 Gonsalves, Gregg, 102 Goodell, Roger, 160 Google, 194–95, 206, 211 Parler banned by, 12, 210 Goolsbee, Austan, 138 Goya, 133 Gray, Freddie, 140 Great Depression and Great Society, Utopian Impulse and results of, 50–51, 52 Green Book (film), 140 Green New Deal, 109 Gregory, Thomas, 49 Groves, Mimi, 206–7 gun rights, corporations and, 135–36 Gupta, Vanita, 191 Gushers, 121 Halpin, John, 64–65 Ham, Mary Katherine, 177 Hannah-Jones, Nikole, 11, 29, 115, 165, 178–80 Harding, Warren G., 49 harm, left’s lack of distinction between offense and, 35 Harris, Adam, 80 Harris, Leslie, 179 Harris, Sam, 16, 111 Harris poll, 156 Hart, Kevin, 142–43 Harvard Business Review, 126 Harvard Crimson, 91 Harvard University, 90 hashtag #MeToo, 142 hashtag #OscarsSoWhite, 140 Hastings, Reed, 121 hate speech.


pages: 338 words: 85,566

Restarting the Future: How to Fix the Intangible Economy by Jonathan Haskel, Stian Westlake

"Friedman doctrine" OR "shareholder theory", activist fund / activist shareholder / activist investor, Andrei Shleifer, Big Tech, Black Lives Matter, book value, Boris Johnson, Brexit referendum, business cycle, business process, call centre, Capital in the Twenty-First Century by Thomas Piketty, central bank independence, Charles Lindbergh, charter city, cloud computing, cognitive bias, cognitive load, congestion charging, coronavirus, corporate governance, COVID-19, creative destruction, cryptocurrency, David Graeber, decarbonisation, Diane Coyle, Dominic Cummings, Donald Shoup, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Edward Glaeser, equity risk premium, Erik Brynjolfsson, Estimating the Reproducibility of Psychological Science, facts on the ground, financial innovation, Francis Fukuyama: the end of history, future of work, general purpose technology, gentrification, Goodhart's law, green new deal, housing crisis, income inequality, index fund, indoor plumbing, industrial cluster, inflation targeting, intangible asset, interchangeable parts, invisible hand, job-hopping, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kenneth Arrow, knowledge economy, knowledge worker, lockdown, low interest rates, low skilled workers, Marc Andreessen, market design, Martin Wolf, megacity, mittelstand, new economy, Occupy movement, oil shock, patent troll, Peter Thiel, Phillips curve, postindustrial economy, pre–internet, price discrimination, quantitative easing, QWERTY keyboard, remote working, rent-seeking, replication crisis, risk/return, Robert Gordon, Robert Metcalfe, Robert Shiller, Ronald Coase, Sam Peltzman, Second Machine Age, secular stagnation, shareholder value, Silicon Valley, six sigma, skeuomorphism, social distancing, superstar cities, the built environment, The Rise and Fall of American Growth, The Spirit Level, The Wealth of Nations by Adam Smith, Thorstein Veblen, total factor productivity, transaction costs, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber for X, urban planning, We wanted flying cars, instead we got 140 characters, work culture , X Prize, Y2K

Finally, to cope with the metric tide and the capture of research funding by disciplinary interests, we should experiment with giving certain public funders of R&D more discretion to back radical and challenging projects, contingent on our ability to recruit excellent people into these roles. Two Political Problems None of these recommendations are particularly controversial, and most governments at least pay lip service to them. A left-leaning government might put more emphasis on government-set challenges, like the Green New Deal, and a right-leaning government might focus more on DARPA-style research and entrepreneurship. But the differences between Alexandria Ocasio-Cortez or John McDonnell, on the one hand, and Peter Thiel or Dominic Cummings, on the other, are smaller than the similarities. This would not have been the case a decade ago.

Picking a genuinely charismatic mission that excites people and that they care about is something that politicians have occasionally succeeded at; the archetype is the US Apollo space programme. But these missions are hard to design—the four Grand Challenges designed by Theresa May’s government in the United Kingdom gained little traction beyond Whitehall, and too many challenges in general seem too generic and bien-pensant to work. The Green New Deal is perhaps the most charismatic mission in recent years, but so far it has failed to take off. Another way to link institutional reform to a charismatic mission entails harnessing local political legitimacy, where it exists. A good example is the institutional success of the Basque Country, as discussed in chapter 6, but of course not all localities have strong local identities and social capital to draw on.

See Great Economic Disappointment economy: contestedness and, 65–67; intangible, 10–13, 52–54, 64–67, 112–16, 115t, 165–66, 204–6, 248–49, 249f, 265n49; knowledge, 54–56; postindustrial, 56–59 Edgerton, David, 107 Edison, Thomas, 2–3 Edmans, Alex, 160–62 education, 15, 37–40, 43–45, 44t, 70, 127, 137–38, 231–38, 277n22 Eeckhout, Jan, 215 Effects of Good Governance on Siena and Its Territory, The (Lorenzetti), 3, 82, 83f efficiency wage, 74 Eghbal, Nadia, 139 electricity generation, 77–78 Ellickson, Robert, 198–99 End of Accounting, The (Lev and Gu), 157 energy production, 77–78 Engelbart, Douglas, 190 Entrepreneurial State, The (Mazzucato), 123, 136–37 equity finance, 155–58 esteem, inequality of, 5 exchange: collective action in, 89–90, 94–95; commitment to, 90; conditions of, 88–91, 98t; haggling in, 90–91; institutions as supporting, 91–99, 98t; partners, 88–89; property rights and, 93–94, 97–98; as unit of analysis, 266n8 externalities, 93, 178, 188 fakeness, 6, 35–36, 79 Fama, Eugene, 156 finance, debt, 150–55 finance policy, 14 financial crisis of 2008, 60–62, 155 Fingleton, John, 228–29 Finkelstein, Daniel, 156 Fischel, William, 187–88 Ford, Henry, 2 Foulis, Angus, 174 fragility, 5, 32–35, 33f, 76–79 Friedman, Milton, 159 Friedman Doctrine, 159 Fukuyama, Francis, 259 Fully Grown (Vollrath), 38–39, 44–45, 69 Furman, Jason, 33, 163 Garicano, Luis, 75 Gates, Bill, 204 Gaye, Marvin, 132 General Data Protection Regulation, 276n18 gentrification, 188 Glaeser, Edward, 185–86, 200 Glorious Revolution, 96–97 Goldacre, Ben, 129, 139 Goldin, Claudia, 126 Goldstone, Jack, 241, 243 Goodhart, Charles, 128 goods, collective, 96, 244–49, 245f, 249f Gordon, Robert, 37–38, 42, 69, 243 “Got to Give It Up” (Gaye), 132 Graeber, David, 6–7, 79 Graham, Benjamin, 156 Great Divide, 40–42 Great Economic Disappointment: circumstance explanations for, 8; conduct explanations for, 8; dysfunctional competition and, 5, 29–32, 30f, 31f; explaining, 8–10; fragility and, 5, 32–35, 33f; inauthenticity and, 6, 35–36; inequality and, 4–5, 26–29, 27f, 264n31; stagnation and, 4, 23–26, 24f, 26f; stories of, 36–42, 38f; symptoms of, 4–8, 23–36, 24f, 26f, 27f Great Recession, 60–62 Great Reversal, The (Philippon), 30–31, 41 Greece, 61 greenbelts, 193 Green New Deal, 141, 257 Greif, Avner, 106–7, 258 gridlock, 132 Griffith, Rachel, 276n39 Grow the Pie (Edmans), 160 Grubb, Michael, 225 Gu, Feng, 157 Gutiérrez, Germán, 218 Guyot, Katherine, 208 haggling, 90–91 Haldane Principle, 142 Hall, Bronwyn, 133 Hall, Robert, 270n6 Hannak, Aniko, 224 Harari, Yuval Noah, 36 Hart, Oliver, 91 Harvey, David, 41 Haskel, Jonathan, 45, 174 Hayek, Friedrich, 94, 124 Heller, Michael, 132 Helmers, Christian, 133 “hipster antitrust,” 212 Hollywood, 2–3 homes, as collateral, 173–74 Homevoter Hypothesis, The (Fischel), 187–88 housing capacity, 196–99 housing costs, 187–88, 274n10 Howes, Anton, 258–59, 267n20 How Innovation Works (Ridley), 136 Hsieh, Chang-Tai, 217 Hubbard, Thomas, 75 human capital signalling, 233–34 Hutton, Will, 41 improving mind-set, 258 inappropriate institutions, 10 inauthenticity, 6, 35–36, 79–81 income inequality, 27–28, 40–41, 74–75 inequality, 4–5, 26–29, 27f, 40–41, 73–76, 264n31, 266n9 inertia, 106–7 inflation, 166–67 influence activities, 10–11, 95, 115, 118, 125, 142, 147, 199, 240, 244–46, 245f, 254–55 information, 10, 89, 101, 114, 244–49, 245f, 249f infrastructure building, 199–201 innovation, 22, 144–45 institutional debt, 12–17 institutions: capacity building and, 15; cities and, 196–201; competition and, 227–30; defined, 84–85; economic exchange and, 86–87; economic growth and, 82–87; failure of, 9; inadequate financial, 174–81; inappropriate, 10; inertia and, 106–7; intangible economy and, 11–12, 112–16, 115t; intangible investment and, 61; intangibles crisis and, 54; political bargains and, 16; politics and, 110–12; properties of, 104–12; purpose of, 87–88; “right,” 100–104; social interaction and, 86–87; specificity and, 104–6; as supporting exchange, 91–99, 98t; technical debt and, 12; technological change and, 99–104; trust and, 92–93; unpredictability and, 108–10 intangible assets, 48, 52–53, 64, 80–81, 113, 125, 264n39 intangible economy, 10–13, 52–54, 64–67, 112–16, 115t, 165–66, 204–6, 248–49, 249f, 265n49 intangibles crisis: defined, 63; institutions and, 54 intellectual property (IP)-backed debt, 171 intellectual property rights (IPRs), 13–14, 109–10, 122, 130–36, 134f, 226 interconnectedness, 32–33 interest rates, 33–34, 33f, 163–71, 168f, 170f, 272n31, 274n58, 274n63 Invisible Hand, The (van Bavel), 111, 242 iPhone, 123–24, 133 IPRs.


pages: 614 words: 168,545

Rentier Capitalism: Who Owns the Economy, and Who Pays for It? by Brett Christophers

"World Economic Forum" Davos, accounting loophole / creative accounting, Airbnb, Amazon Web Services, barriers to entry, Big bang: deregulation of the City of London, Big Tech, book value, Boris Johnson, Bretton Woods, Brexit referendum, British Empire, business process, business process outsourcing, Buy land – they’re not making it any more, call centre, Cambridge Analytica, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, cloud computing, collective bargaining, congestion charging, corporate governance, data is not the new oil, David Graeber, DeepMind, deindustrialization, Diane Coyle, digital capitalism, disintermediation, diversification, diversified portfolio, Donald Trump, Downton Abbey, electricity market, Etonian, European colonialism, financial deregulation, financial innovation, financial intermediation, G4S, gig economy, Gini coefficient, Goldman Sachs: Vampire Squid, greed is good, green new deal, haute couture, high net worth, housing crisis, income inequality, independent contractor, intangible asset, Internet of things, Jeff Bezos, Jeremy Corbyn, Joseph Schumpeter, Kickstarter, land bank, land reform, land value tax, light touch regulation, low interest rates, Lyft, manufacturing employment, market clearing, Martin Wolf, means of production, moral hazard, mortgage debt, Network effects, new economy, North Sea oil, offshore financial centre, oil shale / tar sands, oil shock, patent troll, pattern recognition, peak oil, Piper Alpha, post-Fordism, post-war consensus, precariat, price discrimination, price mechanism, profit maximization, proprietary trading, quantitative easing, race to the bottom, remunicipalization, rent control, rent gap, rent-seeking, ride hailing / ride sharing, Right to Buy, risk free rate, Ronald Coase, Rutger Bregman, sharing economy, short selling, Silicon Valley, software patent, subscription business, surveillance capitalism, TaskRabbit, tech bro, The Nature of the Firm, transaction costs, Uber for X, uber lyft, vertical integration, very high income, wage slave, We are all Keynesians now, wealth creators, winner-take-all economy, working-age population, yield curve, you are the product

Third, a UK economy beyond rentierism must be green; it has to be a carbon-neutral economy, and soon. As climate crisis escalates by the day, it is really as simple as that. All manner of ideas and proposals have been advanced for the nature of the investment required to make this transition, with proposals for a Green New Deal currently circulating widely, but there is one thing all such proposals share: a realization that at the heart of the necessary investment would be massive investment in infrastructure – new infrastructure for, among other things, clean energy extraction and production, and for energy-efficient transportation, industry and homes.42 To raise the issue of renewed infrastructure, however, is to beg the question not only of who would pay for it all – most commentators accept that the state would have to step up to the plate – but also of who would own and operate this new generation of infrastructure assets.

Under Jeremy Corbyn, its leader since 2015, Labour has been talking about plans for transformations in taxation, investment and ownership that align closely with those described above, and that derive from broadly similar concerns.77 Under existing policy proposals, a Labour government would, for example, aim to renationalize, at a minimum, water, energy and rail services, as well as to rebuild the UK’s denuded stock of public land by using revised compulsory purchase laws to enable the public sector to acquire sites from private owners at closer to existing-use value than is currently possible.78 A Labour government would also seek to instigate a ‘radically different approach to taxation’, one focused specifically on rentier wealth, including – through land-value taxation – rentier property wealth.79 And a Labour government would work to provide the UK with its own Green New Deal; in 2018, it unveiled plans for a programme of investment and transformation designed to achieve a 60 per cent reduction in emissions by 2030, while creating over 400,000 skilled jobs.80 All of this would be undertaken with a view to reducing inequality and poverty, and especially dishonourable poverty, ‘shifting the balance of power back towards workers [to] achieve decent wages, security and dignity at work’, and treating those out of work with the ‘dignity and respect’ they have been denied by governments of the Right.81 On the other hand, though it would give workers a voice on the CMA and other public bodies, Labour has no substantive plans for the fourth pillar of anti-rentierist political-economic transformation I outlined earlier – competition policy.

Macpherson, ‘The UK Must Learn from Its Interventionist Failures’, Financial Times, 9 February 2019. 35. W. Lütkenhorst, ‘Industrial Policy Is Not Just about Picking Winners’, Financial Times, 28 March 2019. 36. BBC News, ‘Scottish National Investment Bank Legislation Published’, 28 February 2019, at bbc.com. 37. M. Mazzucato and M. McPherson, ‘The Green New Deal: A Bold Mission-Oriented Approach’, December 2018, p. 2 – pdf available at ucl.ac.uk. 38. M. Mazzucato, The Entrepreneurial State: Debunking Public vs. Private Sector Myths (New York: PublicAffairs, 2015), p. 4. 39. Ibid., p. 2. 40. Figure C.1 uses figures produced by the UK Office for Budget Responsibility, while Figure C.2 uses OECD figures, accounting for the slight numerical discrepancies between them. 41.


pages: 154 words: 47,880

The System: Who Rigged It, How We Fix It by Robert B. Reich

"World Economic Forum" Davos, Adam Neumann (WeWork), affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, Bernie Madoff, Bernie Sanders, Big Tech, Boeing 737 MAX, business cycle, Carl Icahn, clean water, collective bargaining, Cornelius Vanderbilt, corporate governance, corporate raider, corporate social responsibility, Credit Default Swap, crony capitalism, cryptocurrency, Donald Trump, ending welfare as we know it, financial deregulation, Glass-Steagall Act, Gordon Gekko, green new deal, Greta Thunberg, immigration reform, income inequality, independent contractor, Jeff Bezos, job automation, junk bonds, London Whale, Long Term Capital Management, market fundamentalism, mass incarceration, Michael Milken, mortgage debt, Occupy movement, opioid epidemic / opioid crisis, Paris climate accords, peak TV, Ponzi scheme, race to the bottom, Robert Bork, Ronald Reagan, Savings and loan crisis, shareholder value, Sheryl Sandberg, stock buybacks, too big to fail, trickle-down economics, union organizing, WeWork, women in the workforce, working poor, zero-sum game

The underlying problem is power and deception. Dimon has enormous public and political influence. When he takes public stands on issues—when he announces his support for Trump’s tax cut and lobbies Congress intensely for it, or comes out against Representative Alexandria Ocasio-Cortez’s and Senator Edward Markey’s Green New Deal, or publicly opposes Senator Elizabeth Warren’s wealth tax, or proffers his alleged economic expertise on CNBC and other media outlets, or urges members of Congress to loosen bank regulations, or warns Democrats against nominating someone who is not viewed as a political moderate—he clothes himself in the garb of the public interest.

Meanwhile, the majority of college students today are women, which means that in future years even more women will be in leadership positions—in science, politics, education, nonprofits, and corporate suites. That will also be a great boon to America. To state it another way, there is ample reason for hope. But hope is not enough. In order for real change to occur, the locus of power in the system will have to change. We don’t lack for policy ideas—Medicare for All, a Green New Deal, better schools and opportunities for all our children, a tax on great wealth to pay for all this, and many others. Yet even the best policy ideas are meaningless without the power to implement them. Some policy victories can still be achieved within the system, and policy advocates must continue their hard work.


pages: 301 words: 90,276

Sunbelt Blues: The Failure of American Housing by Andrew Ross

8-hour work day, Airbnb, barriers to entry, Bernie Sanders, Big Tech, carbon footprint, Celebration, Florida, clean water, climate change refugee, company town, coronavirus, corporate raider, COVID-19, do what you love, Donald Trump, drive until you qualify, edge city, El Camino Real, emotional labour, financial innovation, fixed income, gentrification, gig economy, global supply chain, green new deal, Hernando de Soto, Home mortgage interest deduction, housing crisis, Housing First, housing justice, industrial cluster, informal economy, Jeff Bezos, land bank, late fees, lockdown, Lyft, megaproject, military-industrial complex, minimum wage unemployment, mortgage tax deduction, New Urbanism, open immigration, opioid epidemic / opioid crisis, Peter Calthorpe, pill mill, rent control, rent gap, rent stabilization, restrictive zoning, Richard Florida, San Francisco homelessness, sharing economy, Silicon Valley, smart cities, social distancing, starchitect, tech bro, the built environment, traffic fines, uber lyft, urban planning, urban renewal, urban sprawl, working poor

The report reaches far beyond the typical green focus on physical issues, like energy use and resource conservation, by presenting a fiscal blueprint for shifting the county’s growth patterns away from its dependence on low-density sprawl.39 High on its list of recommendations is improving the county’s jobs-to-housing balance, increasing employment diversity, and enhancing housing options for households with incomes of less than $35,000. The study could have been used as a local version of the Green New Deal touted by leading national politicians. But its authors were well aware of the limitations on what planners can actually achieve, especially when their regulatory efforts are routinely preempted by a state legislature beholden to the real estate industry, and by county commissioners prone to granting variances to developers.

Subsidies typically carry a sunset provision allowing units to revert to market-rate rents after ten, fifteen, or twenty years, so they are only temporarily affordable.15 Nonetheless, talk about national rent caps and government housing was in the air even before the pandemic. New York representative Alexandria Ocasio-Cortez proposed such a cap in 2019, and national rent control was on the campaign platform of Bernie Sanders’s 2020 presidential bid, along with promises to build ten million new units of public housing through his and Ocasio-Cortez’s Green New Deal for Public Housing. Other presidential candidates, while less ambitious than Sanders, also proposed a variety of programs aimed at reducing some of the housing cost burdens, ranging from universal housing allowances and stronger tenant rights to reparations for residents of redlined neighborhoods.

See Department of Community Affairs debt Decker, Mary Denver, Colorado Department of Children and Families Department of Community Affairs (DCA)–10 Deseret Ranch Desmond, Matthew de Soto, Hernando Detroit, Michigan Deva, Surya Discovery Cove Disney, Abigail Disney College Program Disney Development Company Disneyland Disney Springs Disney University Disney World business plan customer service training employees/workers employees’ housing needs, response to Good Neighbor hotel partnership program Grand California Hotel growth of Osceola County petition for creation of special district powers of self-government purchase of BK Ranch risk to brand exposure Route 192 service unions visitors wage hike See also Walt Disney Company displacement Disston, Hamilton Distressed Asset Stabilization Program distributed hotel Dixie Highways Dollar Tree Donley, Amy Dougherty, Conor Downey, Mary drug traffic Dublin, Ireland East Central Florida East Central Florida Corridor Task Force East Coast East Coast Railway Economic Policy Institute economy drugs industrial informal low-wage of peninsular Florida sharing Eisenhower, Dwight Eisner, Michael El-Alfy, Mohamed El Camino Real, California Eliot, George El Paso, Texas Encore Engels, Friedrich English Poor Laws environmental conservation environmental consultants environmental damage environmental groups environmental regulation EPCOT Everglades Evicted: Poverty and Profit in the American City (Desmond) eviction foreclosures and of local tenants mass moratorium on notices protections against right to evict Expedia Experience Kissimmee Experimental Prototype Community of Tomorrow extended-stay hotel motels Facebook Fair Housing Act Fair Tax Mark Fairway “families in transition” program family business single-family houses single-family rentals single-family zoning Farha, Leilani federal moratorium on evictions federal poverty line federal stimulus FEMA Fight for $15 campaign financial crash financialization Fladung, Elizabeth Lloyd FlipKey Florida affordable housing programs Department of Community Affairs (DCA) land conservation program land grab minimum wage moratorium on evictions statutes tax law tourism in unemployment benefits Florida Dream Homes Florida Native Plant Society Florida Project, The (Baker) Florida Restaurant and Lodging Association “Florida’s 68th County” Florida Vacation Rental Managers Association foreclosures casualties of and evictions home foreign investors Fortune 100 corporations Fort Lauderdale, Florida forty-acre wood Shingle Creek Four Corners Four Seasons Freedman, Joel Frostbelt states Gatorland Gator Motel gentrification Georgia Golden Oak Gomez, Cristina Good Neighbor hotel partnership program Goodwin, Linda Google Graeber, Danielle Grand California Hotel Graves, Michael Great Britain “deserving poor” Great Freeze Great Lakes Great Plains Great Recession Green, Charlie Green Island Ranch Green New Deal Gulf Coast Gutiérrez, Ramona Hahnemann University Hospital Haicken, Jeremy Harley, Sharon Harmony Hart, Barney, Brett, and Linda Haunted Mansion Hawaii Health Care Center for the Homeless (HCCH) Help Now Hickory, North Carolina “Hidden Homeless, The” (Fladung) Hinckley, Gordon B.


pages: 376 words: 101,759

Shorting the Grid: The Hidden Fragility of Our Electric Grid by Meredith. Angwin

airline deregulation, California energy crisis, carbon credits, carbon footprint, congestion pricing, corporate governance, Credit Default Swap, crony capitalism, David Brooks, decarbonisation, demand response, distributed generation, electricity market, en.wikipedia.org, energy security, green new deal, Hans Rosling, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Jones Act, Just-in-time delivery, load shedding, market clearing, Michael Shellenberger, Negawatt, off-the-grid, performance metric, plutocrats, renewable energy credits, rolling blackouts, Silicon Valley, smart grid, smart meter, the map is not the territory, Tragedy of the Commons, uranium enrichment, vertical integration, washing machines reduced drudgery, zero-sum game

In January 2019, more than 600 organizations signed a letter urging “legislation to address the urgent threat of climate change.”133 These organizations include Greenpeace USA, 350.org groups, Eco-Poetry.org. and the Central New Jersey Coalition Against Endless War (which ceased holding vigils in 2015). The open letter is related to the Green New Deal movement, but I don’t mean to imply that the letter expresses that movement’s exact policy. The Green New Deal is an evolving concept, and the open letter expresses one version of it: As the United States shifts away from fossil fuels, we must simultaneously ramp up energy efficiency and transition to clean, renewable energy … in addition to excluding fossil fuels, any definition of renewable energy must also exclude all combustion-based power generation, nuclear, biomass energy, large-scale hydro and waste-to-energy technologies.

“Jake,” 84 E economic dispatch, 90–91, 149 EEme, 320 Electric Power Research Institute (EPRI), 36, 39 electric quality, renewables and, 209 electricity, generation in real time, 17–18, 25–26, 50. see also power grid electricity imports, 128, 131, 135–141, 158 electricitymap.org, 309, 324 electromagnetic radiation, line loss and, 23 emissions floor price rules and, 357–358 Ontario, Canada and, 355 Energy Efficiency groups, 119–120 Energy Institute, 83 Energy Star appliances, 321, 322 engineering discipline, lack of, 206–207 Enron, 10, 78 Entergy, 97, 157, 263–264, 328, 331 Environmental Defense Fund (EDF), 256 Eppstein, Margaret, 156 Equivalent Peak Period Forced Outage Rate (EFORp), 118 ERCOT, 89 Estonia, flexible pricing and, 316 Evslin, Tom, 319 Exelon Corporation, 127, 130, 330, 331 F “fairness,” RTO required to maintain, 121–123 Falmouth, Massachusetts, removal of wind turbines and, 299 fast-start plants, 200 Federal Energy Regulatory Commission (FERC) Bonneville Power Administration and, 236 citizen influence of, 363–364 Competitive Auctions with Sponsored Policy Resources (CASPR) and, 274–277 fuel neutrality and, 60, 121–123, 143, 226 fuel security ISO-NE ruling, 143–144 ISO-NE MOPR and, 266–269 jump ball filings, 109–113, 115–124 lack of transparency in RTO areas, 105, 107 market manipulation in California and, 78 Minimum Offer Price Rule (MOPR) and, 271–272 Mystic Generating Station and, 96 orders of, 72–73, 183, 227–228 socialization of transmission lines and, 160, 163–168 Winter Reliability Program and, 51, 109 Federal Trade Commission, 245 financial crisis of 2007, 3–4 FirstEnergy, 263–264, 328–329, 331 flexibility, grid, 206–207 “floor price” rules, Ontario’s, 357 Forward Capacity Auctions, 157, 283, 291 forward capacity market (FCM), 117 Forward Capacity Market, New England, 136 fossil fuels, “beating the peak” and, 176–177 fragility, grid, 5, 7, 79, 123, 345, 345–346 France, CO2 emissions, 309–310 fuel neutrality, 60, 103–108, 112–113, 121–123, 183, 226, 284, 330 fuel security, 122–123, 125–131, 136, 140–142, 143–153, 158, 307–308, 323, 333 G Gates, Bill, 340 Gattie, David, 83 generation utilities (merchant generators), 41–43, 77–79 generators, personal, 45–46 George, Ann, 270 Germany, CO2 emissions, 309–310, 324–325 Gheorghiu, Iulia, 276 Gifford, Ray, 75 Girouard, Coley, 282, 283 Glick, Richard, 123, 269 Global Adjustment price, 354–356 Goldstein, Joshua, 310, 311, 313, 353 Grand Coulee Dam, 195 Great Britain, renewables-alone and, 312 Green Mountain Power, 301, 302 Green New Deal movement, 197 Greenpeace, 297–302, 342 Greenpeace, solar project in India, 304–305 Greenstone, Michael, 237–239 greenwashing, 62, 169–174, 178–179, 302 grid, as machine, 281–283 grid governance, choice of, 348–351 grid price, 51, 88, 184, 227, 228, 233 ground faults, 210–211 H Hallquist, Christine, 201, 236 Hargraves, Bob, 339 high-quality grid, components of, 343–346 Hittinger, Eric, 30 hot weather planning, 170–174, 175–179 Human Development Index (HDI), 310 hydro plants cold weather and, 52–53 intermittent or steady power, 194 load-following plants and, 186 Ontario, Canada and, 356–357 responsiveness of, 27 Wind-Water-Solar, 195–197 Hydro-Québec, 137, 158, 240, 244 I Independent Electricity System Operator (IESO), 353, 354, 358 Independent System Operators (ISOs), 34, 72. see also Regional Transmission Organizations (RTOs) clearing price and, 92 India coal and, 304, 310 failure of solar with battery backup, 304–305, 342 Indian Point, 256, 328 Integrated Resource Plans (IRPs), 282–287 Integrating Markets and Public Policy (IMAPP), 227 Intergovernmental Panel on Climate Change 2014 report, 258 intermittent power generators, 5, 151, 184, 189, 191, 194–195, 199, 201–202, 206–207, 209, 219, 236, 238, 240, 270, 347, 349 internal combustion plants, 26–27 Inventoried Energy Program, 123 Investment Tax Credit, 223 Iowa, time-of-use pricing and, 316 Ireland, CO2 emissions of, 204 ISO-NE Addendum Report of, 130–131, 141 balancing authority and, 26 Cold Weather Operations report of, 53–56, 145 Competitive Auctions with Sponsored Policy Resources (CASPR) and, 261–262 CONE and, 269–270 Consumer Liaison Group Coordinating Committee, 167, 310 Consumer Liaison Group of, 303–308 fair share of system costs and, 175–176 FERC rulings and, 271–272 fuel neutrality and, 103 fuel security and, 125–131, 143–153 Fuel Security Report of, 333 jump ball filings, 109–113, 115–124 Market Rule proposals approved by NEPOOL, 110 Minimum Offer Price Rule (MOPR) and, 261–262 oil storage program of, 61–62 out-of-market funded plants and, 271 Pay for Performance plan of, 61–63, 262, 330 proposals for new auctions, 146–147, 149, 156, 157 reliability and, 156–158 renewables and, 192–193 socialized transmission lines of, 158–161 state mandates and, 227–228 summer planning and, 172–174 Synapse Report and, 133–141 Winter Reliability Program of, 49–51, 58, 59–63, 145, 322 J Jacobson, Mark Z., 195–196, 216 Jenkins, Jesse, 216 Johnson, Lyndon, 341 Jones, Charles E., 329 Jones Act, 128 journalists, banned from meetings, 104, 107, 283, 363 jump ball filings, 109–113, 115–121 just-in-time, natural gas, 46–47, 74, 122–123, 144, 146, 151, 172, 257, 334, 346–348, 362, 365 K Kavulla, Travis, 348 Kelly, Kristin, 248 Kingdom Community Wind Project, 31–32, 210, 245 Klein, Tony, 235 kludge system, all-renewables system as, 207 Knauer, Tim, 253 Kreis, Don, 107, 128–129 Kuser, Michael, 146 kWh auctions, 59, 228, 229, 233 L Larson, Matthew, 75 line loss, 23 liquified natural gas (LNG), 55–56, 61, 111, 125–126, 128, 131, 137–139, 330. see also natural gas lithium, 20, 218–219 load shedding. see rolling blackouts load-following plants, 186, 194 load-serving entities (LSEs), 41–42, 349 local citizens groups, 362–363 local control of grid, 361 “lost savings,” 84–85 Lovins, Armory, 322 M MacKay, David, 311–312 Maine, smart meters in, 319 maintenance, plant, 78 Malhortra, Ripudaman, 218 Maloney, Tim, 196 Marcus, William B., 83 market-oriented solutions, 39–44, 63, 81–85, 146 Marshall, Jason, 165–166, 167 Mays, Jacob, 264 McKibben, Bill, 301 merit order. see economic dispatch methane, 259 methane digesters. see cow power (methane based) Meyer, Eric, 253, 254 microgrids, 303–305, 341–342 Midcontinent Independent System Operator (MISO), 276 Minimum Offer Price Rule (MOPR), 99, 100, 222, 261–262, 266–274, 271–273, 273, 283 Mystic Generating Station, 96, 126–127, 130, 134, 143, 330, 331 N N minus 1, 155–157, 159 N minus 2, 156 “name that fuel,” 60–62 nameplate capacity, 265–266, 272 Nath, Ishan, 237–239 National Bureau of Economic Research (NBER), 199, 201 natural gas backup for renewables, 199–200, 202–204, 214, 286, 346, 347, 362, 365 cold weather and, 49–51, 55–56 combined cycle plants, 203 CONE and, 270 emissions and, 259–260 FERC rulings and, 122 just-in-time, 46–47, 74, 122–123, 144, 146, 151, 172, 257, 334, 346–348, 362, 365 kept onsite, 111 load-following plants and, 186 Ontario, Canada and, 356 pipelines, 9, 46–47, 50, 55–57, 60, 128, 134, 138, 348 profitability of, 4–5, 98–99 protected by RTO rules, 283 renewables and, 152, 199–200, 202–203, 266 rise in price of, 335 summer planning and, 172–174 trend toward increased use, 99–101, 364–366 wind power and, 152 negative energy prices, 208, 357 “negawatts,” 322 net metering, 201–202, 226, 235, 285, 291–295, 293, 295, 300, 302, 305–306, 351, 361 Nevada, net-metering in, 294–295, 351, 361 New England Power Pool (NEPOOL) Addendum Report, 141 first jump ball filing, 108–112 fuel security and, 144, 146 IMAPP process and, 227 lack of transparency in, 104–108 Participants Committee of, 105–108, 111, 130–131, 268 Pay for Performance payments and, 330 reporters banned from meetings, 104, 107, 363 second jump ball filing, 115–121 Synapse Report and, 130 New England States Committee on Electricity (NESCOE), 165–166, 167 New Jersey, smart meters in, 317 New York Clean Energy Standard, rally for, 252–254 New York Independent System Operator, 95 New York Public Utilities Commission, 255 New York, Zero Emission Credits (ZECs) and, 252, 255–258 NextEra Energy, 245 nickel-iron batteries, 219 Nolan, Ken, 235 non-spinning reserve, 27. see also fast-start plants North American Electricity Reliability Council, 217 Northern Pass line, 158 NOX (nitrogen oxide) emissions, 204–205 NOX (nitrogen oxides) emissions, 251–252 nuclear power advantages of, 365 baseload plants, 186 capacity factor of, 194 cold weather and, 52–53 emissions and, 251–252, 258–260 Entergy leaving RTO areas and, 328–329 high-quality grid and, 345–346 increased safety requirements of, 344–345 jump ball filings and, 111 low bidding by renewables and, 265 Ontario, Canada and, 356–357 profitability of, 4, 98–99 renewables and, 311–312 RTO price changes and, 334 subsidies and, 329 ZECs and, 252, 255–258, 262 zero emissions and, 252 NYISO, 354 O Ohio, ZECs and, 257 oil cold weather planning and, 49–55 ISO-NE’s oil storage program, 61–62 kept onsite, 61–62, 111, 145, 284 Ontario, Canada; RTO of, 353–359 Operational Fuel-Security Analysis, ISO-NE Report, 125–131 Order 888, FERC, 72 Order 889, FERC, 72 Order 1000, FERC, 160, 163–168, 183, 227–228 Order 2000, FERC, 72 Oslo, Norway; spot-indexed prices and, 316 Otter Tail Power, 21–22, 163 “out of market” payments, 263 out-of-market compensation, 112, 127, 263–267, 271–272, 275, 290 out-of-market revenue. see out-of-market compensation overbuilding, 36, 42, 216–218, 220, 273, 286, 358–359, 362, 365 oversupply, in California, 350 P Palisades nuclear plant, 328 Participant Committee, RTO, 332, 362–363 Participants Committee, NEPOOL, 105–108, 111, 130–131, 268 Pay as Bid, 94–95 Pay at the Clearing Price, 94 Pay for Performance, 51, 61–63, 115–124, 262, 330 subsidies and, 263 peak usage, 175–179 Pennsylvania, ZECs and, 257 Perry, Rick, 60–61, 122, 126, 365 personal responsibility, vs. civic choices, 308–312 PG&E, 179, 316–317 Pilgrim nuclear plant, 97, 328 pipelines, natural gas, 9, 46–47, 50, 55–57, 60, 128, 134, 138–139, 172, 330, 348 PJM RTO, 266, 268, 276 “Policy Grid,” vs.


pages: 504 words: 143,303

Why We Can't Afford the Rich by Andrew Sayer

"World Economic Forum" Davos, accounting loophole / creative accounting, Alan Greenspan, Albert Einstein, Anthropocene, anti-globalists, asset-backed security, banking crisis, banks create money, basic income, biodiversity loss, bond market vigilante , Boris Johnson, Bretton Woods, British Empire, Bullingdon Club, business cycle, call centre, capital controls, carbon footprint, carbon tax, collective bargaining, corporate raider, corporate social responsibility, creative destruction, credit crunch, Credit Default Swap, crony capitalism, David Graeber, David Ricardo: comparative advantage, debt deflation, decarbonisation, declining real wages, deglobalization, degrowth, deindustrialization, delayed gratification, demand response, don't be evil, Double Irish / Dutch Sandwich, en.wikipedia.org, Etonian, financial engineering, financial innovation, financial intermediation, Fractional reserve banking, full employment, G4S, Goldman Sachs: Vampire Squid, green new deal, high net worth, high-speed rail, income inequality, information asymmetry, Intergovernmental Panel on Climate Change (IPCC), investor state dispute settlement, Isaac Newton, James Carville said: "I would like to be reincarnated as the bond market. You can intimidate everybody.", James Dyson, job automation, Julian Assange, junk bonds, Kickstarter, labour market flexibility, laissez-faire capitalism, land bank, land value tax, long term incentive plan, low skilled workers, Mark Zuckerberg, market fundamentalism, Martin Wolf, mass immigration, means of production, moral hazard, mortgage debt, negative equity, neoliberal agenda, new economy, New Urbanism, Northern Rock, Occupy movement, offshore financial centre, oil shale / tar sands, patent troll, payday loans, Philip Mirowski, plutocrats, popular capitalism, predatory finance, price stability, proprietary trading, pushing on a string, quantitative easing, race to the bottom, rent-seeking, retail therapy, Ronald Reagan, shareholder value, short selling, sovereign wealth fund, Steve Jobs, tacit knowledge, TED Talk, The Nature of the Firm, The Spirit Level, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, transfer pricing, trickle-down economics, universal basic income, unpaid internship, upwardly mobile, Washington Consensus, wealth creators, WikiLeaks, Winter of Discontent, working poor, Yom Kippur War, zero-sum game

, talk given to Co-operatives UK, http://www.uk.coop/congress/co-operative-movement-where-now-robin-murray. 9 Davis, J. and Tallis, R. (eds) (2013) NHS SOS, London: Oneworld. 10 Chang, H.-J. (2013) ‘Irresponsible and beyond blame: the new fat cats’, Guardian, 10 July; Green New Deal Group (2013) ‘A national plan for the UK: from austerity to the age of the Green New Deal’, http://www.greennewdealgroup.org/wp-content/uploads/2013/09/Green-New-Deal-5th-Anniversary.pdf. See also the interview with Adair Turner, Chair of the UK’s Financial Services Authority, in Prospect, 27 August 2009, at: http://www.prospectmagazine.co.uk/magazine/how-to-tame-global-finance/; Murphy, R. (2010) ‘Why is country-by-country financial reporting by multinational companies so important?’

But many of them would have to be combined for each to be effective. They are not a manifesto or a programme, just some of the things I suggest need to be done – a contribution to an urgent debate, already going on in some quarters, but which I hope others will join. In Britain, the Green Party’s Green New Deal is currently probably the nearest thing to it. In keeping with the main argument of this book, we need not only to tax the rich and redistribute wealth back to the rest, but to cut back their sources of unearned income in the first place. First, rent. The most obvious way to stop private owners from extracting rent (beyond covering construction and maintenance costs) from others is to nationalise land and minerals, so that rent comes under democratic control, or for the state to tax ground rent through a land-value tax.


pages: 470 words: 148,730

Good Economics for Hard Times: Better Answers to Our Biggest Problems by Abhijit V. Banerjee, Esther Duflo

3D printing, accelerated depreciation, affirmative action, Affordable Care Act / Obamacare, air traffic controllers' union, Airbnb, basic income, behavioural economics, Bernie Sanders, Big Tech, business cycle, call centre, Cambridge Analytica, Capital in the Twenty-First Century by Thomas Piketty, carbon credits, carbon tax, Cass Sunstein, charter city, company town, congestion pricing, correlation does not imply causation, creative destruction, Daniel Kahneman / Amos Tversky, David Ricardo: comparative advantage, decarbonisation, Deng Xiaoping, Donald Trump, Edward Glaeser, en.wikipedia.org, endowment effect, energy transition, Erik Brynjolfsson, experimental economics, experimental subject, facts on the ground, fake news, fear of failure, financial innovation, flying shuttle, gentrification, George Akerlof, Great Leap Forward, green new deal, high net worth, immigration reform, income inequality, Indoor air pollution, industrial cluster, industrial robot, information asymmetry, Intergovernmental Panel on Climate Change (IPCC), Jane Jacobs, Jean Tirole, Jeff Bezos, job automation, Joseph Schumpeter, junk bonds, Kevin Roose, labor-force participation, land reform, Les Trente Glorieuses, loss aversion, low skilled workers, manufacturing employment, Mark Zuckerberg, mass immigration, middle-income trap, Network effects, new economy, New Urbanism, no-fly zone, non-tariff barriers, obamacare, off-the-grid, offshore financial centre, One Laptop per Child (OLPC), open economy, Paul Samuelson, place-making, post-truth, price stability, profit maximization, purchasing power parity, race to the bottom, RAND corporation, randomized controlled trial, restrictive zoning, Richard Thaler, ride hailing / ride sharing, Robert Gordon, Robert Solow, Ronald Reagan, Savings and loan crisis, school choice, Second Machine Age, secular stagnation, self-driving car, shareholder value, short selling, Silicon Valley, smart meter, social graph, spinning jenny, Steve Jobs, systematic bias, Tax Reform Act of 1986, tech worker, technology bubble, The Chicago School, The Future of Employment, The Market for Lemons, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, total factor productivity, trade liberalization, transaction costs, trickle-down economics, Twitter Arab Spring, universal basic income, urban sprawl, very high income, War on Poverty, women in the workforce, working-age population, Y2K

In some cases, the new technology may be more expensive than the old (e.g., clean cars may be more expensive than dirty cars). This means the poor will need to be compensated. But the total cost of this is small, and could easily be borne by the elite if the political will was there. A GREEN NEW DEAL? With the Green New Deal, the talk of the town in the winter of 2018–2019, Democratic politicians in the United States were trying to link the fight against climate change with an agenda for economic justice and redistribution. They had an uphill political battle in front of them. From Paris to West Virginia and Delhi, fighting climate change is often presented as a luxury for the elites, funded by taxes on the less privileged.

In the United States, the specter of a “war on coal” became the rallying cry against the liberal elite, a symbol of their lack of empathy for the poor. And, of course, politicians in the developing world routinely (and rightly) rail against having to pay for previous choices made by rich countries. The Green New Deal is an attempt to bridge precisely this divide, by emphasizing the fact that building new green infrastructure (solar panels, high-speed railroads, etc.) will both create jobs and help in the fight against climate change. It de-emphasizes the idea of a carbon tax, viewed by many on the left as being too reliant on market mechanisms and, as in France, just another way to make the poor pay.

In 2019, presidential candidates Cory Booker, Kamala Harris, Bernie Sanders, and Elizabeth Warren have all proposed some kind of federal guarantee, whereby any American who wanted to work would be entitled to a good job ($15 an hour with retirement and health benefits on par with other federal employees, childcare assistance, and twelve weeks of paid family leave) in community service, home care, park maintenance, etc. The Green New Deal proposed by Democratic members of Congress includes a federal job guarantee. The idea is of course not new; the Indian National Rural Employment Guarantee Act works along the same lines, as did the original New Deal. Such a program is not easy to run well if the experience in India is any guide.


pages: 371 words: 109,320

News and How to Use It: What to Believe in a Fake News World by Alan Rusbridger

airport security, basic income, Bellingcat, Big Tech, Black Lives Matter, Bletchley Park, Boris Johnson, Brexit referendum, call centre, Cambridge Analytica, Chelsea Manning, citizen journalism, Climategate, cognitive dissonance, coronavirus, correlation does not imply causation, COVID-19, Credit Default Swap, crisis actor, cross-subsidies, crowdsourcing, disinformation, Dominic Cummings, Donald Trump, Edward Snowden, end-to-end encryption, fake news, Filter Bubble, future of journalism, George Floyd, ghettoisation, global pandemic, Google Earth, green new deal, hive mind, housing crisis, Howard Rheingold, illegal immigration, Intergovernmental Panel on Climate Change (IPCC), Jeff Bezos, Jeffrey Epstein, Jeremy Corbyn, Johann Wolfgang von Goethe, Julian Assange, Kickstarter, lockdown, Mark Zuckerberg, Murray Gell-Mann, Narrative Science, Neil Kinnock, Nelson Mandela, New Journalism, Nicholas Carr, ocean acidification, offshore financial centre, post-truth, profit motive, public intellectual, publication bias, Seymour Hersh, Snapchat, social distancing, Social Justice Warrior, Steve Bannon, tech baron, the scientific method, TikTok, universal basic income, WikiLeaks, yellow journalism

<https://www.orwellfoundation.com/investigative/madison-marriage/> Orwell, George. The Collected Essays, Journalism and Letters of George Orwell, Volume 4: In Front of Your Nose 1945–1950. Harmondsworth: Penguin, 1970. Osborne, Martin. ‘5 reasons why a Green New Deal and Universal Basic Income go hand in hand’. Bright Green (blog), 10 October 2019. <http://bright-green.org/2019/10/10/5-reasons-why-a-green-new-deal-and-basic-income-go-hand-in-hand/> Papacharissi, Zizi. ‘The virtual sphere: The internet as a public sphere’. New Media & Society, 1 February 2002. <https://doi.org/10.1177/14614440222226244> Pappu, Sridhar. ‘Off the Record’.

They have turned to publications such as Bright Green, a UK-based blog dedicated to ‘radical, democratic, green movements’, and the Ecologist, a combined online newspaper and print magazine reporting on environmental issues since 1970. Both publish the commentaries (‘Strategies for social-ecological transformation’) and cross-cutting policy analyses (‘5 Reasons why a Green New Deal and Universal Basic Income go hand in hand’) that have their readers looking constantly forward to solutions. Voices like these are stealing ground from the mainstream press, who could be offering more of a platform for new thinking on how to transition to a livable planet. If the press wants to be thought of as today’s equivalent of the public square, then it should place itself at the centre of such debates (SEE: PUBLIC SPHERE).


pages: 338 words: 104,684

The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy by Stephanie Kelton

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, Affordable Care Act / Obamacare, Alan Greenspan, American Society of Civil Engineers: Report Card, Apollo 11, Asian financial crisis, bank run, Bernie Madoff, Bernie Sanders, blockchain, bond market vigilante , book value, Bretton Woods, business cycle, capital controls, carbon tax, central bank independence, collective bargaining, COVID-19, currency manipulation / currency intervention, currency peg, David Graeber, David Ricardo: comparative advantage, decarbonisation, deindustrialization, discrete time, Donald Trump, eurozone crisis, fiat currency, floating exchange rates, Food sovereignty, full employment, gentrification, Gini coefficient, global reserve currency, global supply chain, green new deal, high-speed rail, Hyman Minsky, income inequality, inflation targeting, Intergovernmental Panel on Climate Change (IPCC), investor state dispute settlement, Isaac Newton, Jeff Bezos, liquidity trap, low interest rates, Mahatma Gandhi, manufacturing employment, market bubble, Mason jar, Modern Monetary Theory, mortgage debt, Naomi Klein, National Debt Clock, new economy, New Urbanism, Nixon shock, Nixon triggered the end of the Bretton Woods system, obamacare, open economy, Paul Samuelson, Phillips curve, Ponzi scheme, Post-Keynesian economics, price anchoring, price stability, pushing on a string, quantitative easing, race to the bottom, reserve currency, Richard Florida, Ronald Reagan, San Francisco homelessness, shareholder value, Silicon Valley, Tax Reform Act of 1986, trade liberalization, urban planning, working-age population, Works Progress Administration, yield curve, zero-sum game

Instead, we must recognize that the US government can supply all the dollars our domestic private sector needs to reach full employment, and it can supply all the dollars the rest of the world needs to build up their reserves and protect their trade flows. Instead of using its currency hegemon status to mobilize global resources for its own narrow interests, the US could lead the effort to mobilize resources for a global Green New Deal, keeping interest rates low and stable to promote global economic tranquility. Obviously, the US and other advanced countries with high degrees of monetary sovereignty can run their own job guarantee programs. But what about the middle-income and developing countries? Could Mexico, for instance, implement a job guarantee and end some of this human suffering?

It asks us to think in terms of real resource constraints—inflation—rather than perceived financial constraints. It teaches us to ask not “How will you pay for it?” but “How will you resource it?” It shows us that if we have the technological know-how and the available resources—the people, the factories, the equipment, and the raw materials—to put a man on the moon or embark on a Green New Deal to tackle climate change, then funding to carry out those missions can always be made available. Coming up with the money is the easy part. Managing the inflation risk is the critical challenge. More than any other economic approach, MMT places inflation at the center of the debate over spending limits.

—Mohamed El-Erian, chief economic advisor, Allianz “In a world of epic, overlapping crises, Stephanie Kelton is an indispensable source of moral clarity. Whether you’re all in for MMT, or merely MMT-curious, the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all. Read it—then put it to use.” —Naomi Klein, author of On Fire: The Burning Case for a Green New Deal “Kelton’s game-changing book on the myths around government deficits is both theoretically rigorous and empirically entertaining. It reminds us that money is not limited, only our imagination of what to do with it. After you read it you will never think of the public purse as a household economy again.


pages: 356 words: 106,161

The Glass Half-Empty: Debunking the Myth of Progress in the Twenty-First Century by Rodrigo Aguilera

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Alan Greenspan, Anthropocene, availability heuristic, barriers to entry, basic income, benefit corporation, Berlin Wall, Bernie Madoff, Bernie Sanders, bitcoin, Boris Johnson, Branko Milanovic, Bretton Woods, Brexit referendum, Capital in the Twenty-First Century by Thomas Piketty, capitalist realism, carbon footprint, Carmen Reinhart, centre right, clean water, cognitive bias, collapse of Lehman Brothers, Colonization of Mars, computer age, Corn Laws, corporate governance, corporate raider, creative destruction, cryptocurrency, cuban missile crisis, David Graeber, David Ricardo: comparative advantage, death from overwork, decarbonisation, deindustrialization, Deng Xiaoping, Doha Development Round, don't be evil, Donald Trump, Doomsday Clock, Dunning–Kruger effect, Elon Musk, European colonialism, fake news, Fall of the Berlin Wall, first-past-the-post, Francis Fukuyama: the end of history, fundamental attribution error, gig economy, Gini coefficient, Glass-Steagall Act, Great Leap Forward, green new deal, Hans Rosling, housing crisis, income inequality, income per capita, index fund, intangible asset, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Jean Tirole, Jeff Bezos, Jeremy Corbyn, Jevons paradox, job automation, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, joint-stock company, Joseph Schumpeter, karōshi / gwarosa / guolaosi, Kenneth Rogoff, Kickstarter, lake wobegon effect, land value tax, Landlord’s Game, late capitalism, liberal capitalism, long peace, loss aversion, low interest rates, Mark Zuckerberg, market fundamentalism, means of production, meta-analysis, military-industrial complex, Mont Pelerin Society, moral hazard, moral panic, neoliberal agenda, Network effects, North Sea oil, Northern Rock, offshore financial centre, opioid epidemic / opioid crisis, Overton Window, Pareto efficiency, passive investing, Peter Thiel, plutocrats, principal–agent problem, profit motive, public intellectual, purchasing power parity, race to the bottom, rent-seeking, risk tolerance, road to serfdom, Robert Shiller, Robert Solow, savings glut, Scientific racism, secular stagnation, Silicon Valley, Silicon Valley ideology, Slavoj Žižek, Social Justice Warrior, Social Responsibility of Business Is to Increase Its Profits, sovereign wealth fund, Stanislav Petrov, Steven Pinker, structural adjustment programs, surveillance capitalism, tail risk, tech bro, TED Talk, The Spirit Level, The Wealth of Nations by Adam Smith, too big to fail, trade liberalization, transatlantic slave trade, trolley problem, unbiased observer, universal basic income, Vilfredo Pareto, Washington Consensus, Winter of Discontent, Y2K, young professional, zero-sum game

The New Optimists gloat that total emissions in the US and (especially) Europe have fallen in recent decades, but this has been undone by the rise in emissions from countries like China and regions like the Middle East where some countries have per capita emissions levels even higher than the US (Figures 10.2-3).9 This is not to say the Green New Deal is a panacea. It initially fell short on details of how to achieve its targets10, although there’s no reason why this would be a problem once it passes from the hands of politicians into the hands of technocrats, scientists, and engineers. Americans already have a historical precedence for this kind of transformation: the switch from a civilian to a total war economy in World War II.

During this period, not a single civilian car was built after the last ones rolled off the assembly following Pearl Harbor. Basic consumer goods were rationed. And yet the US economy soared during the war, leaving its citizens 25% richer by 1945.11 Compared to this, the sacrifice that would be experienced if something like a Green New Deal were implemented would be minimal. There are also some critiques from the left on how decarbonization in the West will fuel resource extraction in the developing world, a kind of “green colonialism” that can only be averted insofar as the climate crisis is addressed internationally. Not through our current undemocratic institutions of global governance but under a proper framework that promotes global justice, Sadly, although the beauty of globalization means that borders can be erased to push problems around, the tragedy of globalization is that environmental policies are very much stuck inside their own national jurisdictions even when they have global consequences, as the recent outrage over Bolsonaro’s Amazon deforestation policies (undertaken purely for profit) has shown.

Transportation Research Part D, 44, May 2016, https://doi.org/10.1016/j.trd.2016.02.004 9 “Millennium Development Goals Indicators”, United Nations, http://mdgs.un.org/unsd/mdg/SeriesDetail.aspx?srid=751 10 The Bernie Sanders campaign published a much more detailed and fully costed revision in August 2019, available at https://berniesanders.com/en/issues/green-new-deal/ 11 According to the Maddison Project Database, US real GDP per capita was $12,844 in 1941 and $15,992 in 1945, a 24.5% increase. The difference compared to 1938, the last year in full peacetime footing when GDP per capita was $9,797 was 63.2%. 12 “Baromètre Politique”, Ipsos / Le Point, https://www.ipsos.com/fr-fr/barometre-politique 13 Payne, S., Hughes, L., and Pickard, J., “How Change UK crashed and burned”, Financial Times, 5 Jun. 2019, https://www.ft.com/content/f33596da-87a2-11e9-a028-86cea8523dc2 14 “His approval rating was just 16% versus a disapproval rating of 76%.


pages: 205 words: 61,903

Survival of the Richest: Escape Fantasies of the Tech Billionaires by Douglas Rushkoff

"World Economic Forum" Davos, 4chan, A Declaration of the Independence of Cyberspace, agricultural Revolution, Airbnb, Alan Greenspan, Amazon Mechanical Turk, Amazon Web Services, Andrew Keen, AOL-Time Warner, artificial general intelligence, augmented reality, autonomous vehicles, basic income, behavioural economics, Big Tech, biodiversity loss, Biosphere 2, bitcoin, blockchain, Boston Dynamics, Burning Man, buy low sell high, Californian Ideology, carbon credits, carbon footprint, circular economy, clean water, cognitive dissonance, Colonization of Mars, coronavirus, COVID-19, creative destruction, Credit Default Swap, CRISPR, data science, David Graeber, DeepMind, degrowth, Demis Hassabis, deplatforming, digital capitalism, digital map, disinformation, Donald Trump, Elon Musk, en.wikipedia.org, energy transition, Ethereum, ethereum blockchain, European colonialism, Evgeny Morozov, Extinction Rebellion, Fairphone, fake news, Filter Bubble, game design, gamification, gig economy, Gini coefficient, global pandemic, Google bus, green new deal, Greta Thunberg, Haight Ashbury, hockey-stick growth, Howard Rheingold, if you build it, they will come, impact investing, income inequality, independent contractor, Jane Jacobs, Jeff Bezos, Jeffrey Epstein, job automation, John Nash: game theory, John Perry Barlow, Joseph Schumpeter, Just-in-time delivery, liberal capitalism, Mark Zuckerberg, Marshall McLuhan, mass immigration, megaproject, meme stock, mental accounting, Michael Milken, microplastics / micro fibres, military-industrial complex, Minecraft, mirror neurons, move fast and break things, Naomi Klein, New Urbanism, Norbert Wiener, Oculus Rift, One Laptop per Child (OLPC), operational security, Patri Friedman, pattern recognition, Peter Thiel, planetary scale, Plato's cave, Ponzi scheme, profit motive, QAnon, RAND corporation, Ray Kurzweil, rent-seeking, Richard Thaler, ride hailing / ride sharing, Robinhood: mobile stock trading app, Sam Altman, Shoshana Zuboff, Silicon Valley, Silicon Valley billionaire, SimCity, Singularitarianism, Skinner box, Snapchat, sovereign wealth fund, Stephen Hawking, Steve Bannon, Steve Jobs, Steven Levy, Steven Pinker, Stewart Brand, surveillance capitalism, tech billionaire, tech bro, technological solutionism, technoutopianism, Ted Nelson, TED Talk, the medium is the message, theory of mind, TikTok, Torches of Freedom, Tragedy of the Commons, universal basic income, urban renewal, warehouse robotics, We are as Gods, WeWork, Whole Earth Catalog, work culture , working poor

We deploy vast arrays of real-world sensors and online surveillance algorithms to track human behavior, converting it into data so it can be modeled, predicted, and influenced. Everything is made compatible with the market. So sure, it’s a more “inclusive market,” in that the market is able to include everything . Not even progressives complain about this part. The Green New Deal is banking on the idea that the great energy transition to come will not only save the planet but give everyone jobs. They cheer when the United States or the European Union adopts new, more ambitious goals for rapid transformation of the energy infrastructure, anxious to reach carbon neutrality before global temperatures rise beyond repairable levels.

Better yet, start carpooling, walking to work, working from home, or working less. Like Jimmy Carter tried to tell us during his much-ridiculed fireside chats, turn down the thermostat and wear a sweater. It’s better for your sinuses, and better for everyone. Degrowth can live alongside growth-based capitalism, but it can’t support it. Proponents of the Great Reset and Green New Deal believe they’ve come up with some kind of Grand Unified Theory for engineering a regenerative energy economy that still delivers exponential growth to its investors. Progressives may believe that this is the only way to make the idea of environmentalism palatable to the people who must either fund or permit it.


Border and Rule: Global Migration, Capitalism, and the Rise of Racist Nationalism by Harsha Walia

anti-communist, antiwork, Berlin Wall, Bernie Sanders, Black Lives Matter, blood diamond, borderless world, Boris Johnson, Brexit referendum, British Empire, California gold rush, clean water, climate change refugee, collective bargaining, colonial rule, contact tracing, coronavirus, COVID-19, crack epidemic, dark matter, decarbonisation, deindustrialization, Donald Trump, drone strike, Elon Musk, European colonialism, eurozone crisis, export processing zone, extractivism, fake news, Fall of the Berlin Wall, Food sovereignty, G4S, gentrification, George Floyd, global pandemic, global supply chain, Global Witness, green new deal, guest worker program, illegal immigration, immigration reform, income inequality, informal economy, Jeff Bezos, Jeremy Corbyn, joint-stock company, land reform, late capitalism, lockdown, mandatory minimum, mass immigration, mass incarceration, means of production, microcredit, military-industrial complex, Monroe Doctrine, moral panic, Naomi Klein, neoliberal agenda, Occupy movement, ocean acidification, oil shale / tar sands, open borders, pension reform, Rana Plaza, Richard Florida, Ronald Reagan, Shoshana Zuboff, social distancing, special economic zone, Steve Bannon, strikebreaker, structural adjustment programs, surveillance capitalism, trade liberalization, transatlantic slave trade, transcontinental railway, union organizing, upwardly mobile, urban planning, W. E. B. Du Bois, wages for housework, Washington Consensus, women in the workforce

Half of the fastest-growing jobs in the US are in the feminized care sector of social reproduction, like nurse practitioners and home care aids, and during the Covid-19 pandemic, one in three jobs held by women was designated as essential.15 These care sector jobs are overwhelmingly held by racialized women workers who are leading working-class movements such as Fight for $15 and the Green New Deal for secure and healthy jobs, legislative drives to protect domestic workers socially reproducing the world, and nationwide strikes against corporate criminals such as Amazon and Whole Foods. Robin D. G. Kelley points out, “The idea that race, gender, and sexuality are particular whereas class is universal not only presumes that class struggle is some sort of race and gender-neutral terrain but takes for granted that movements focused on race, gender, or sexuality necessarily undermine class unity and, by definition, cannot be emancipatory for the whole.”16 Making of “Foreigner” through Nationalist Identities The manufacturing of a national working class, as opposed to the international working class, is fraught with the same problematic.

., World Risk Report 2018, Bündnis Entwicklung Hilft and Ruhr University Bochum–Institute for International Law of Peace and Armed Conflict (IFHV), 2018, https://reliefweb.int/sites/reliefweb.int/files/resources/WorldRiskReport-2018.pdf. 73.Rhett Butler, “Rich Countries Grow at Ecological Expense of Poor Countries,” Mongabay, January 21, 2008, https://news.mongabay.com/2008/01/rich-countries-grow-at-ecological-expense-of-poor-countries/; Todd Miller, “Save the Climate, Dismantle the Border Apparatus,” Jacobin Magazine, June 23, 2019, https://jacobinmag.com/2019/07/green-new-deal-freedom-movement-borders. 74.Climate Reality Project, “How the Climate Crisis Is Driving Central American Migration,” May 31, 2019, www.climaterealityproject.org/blog/how-climate-crisis-driving-central-american-migration. 75.Climate Reality Project, “How the Climate Crisis Is Driving Central American Migration.” 76.Climate Centre, “UN: Sahel Region One of the Most Vulnerable to Climate Change,” November 14, 2018, www.climatecentre.org/news/1066/un-sahel-region-one-of-the-most-vulnerable-to-climate-change. 77.Ibrahim Thiaw quoted in “Building Climate Resilience and Peace Go Hand in Hand for Africa’s Sahel-UN Forum,” Africa Renewal Information Program, www.un.org/africarenewal/news/building-climate-resilience-and-peace-go-hand-hand-africa%E2%80%99s-sahel-%E2%80%93-un-forum. 78.Stefano M.

., 174 Gómez, Gilberto, 27–28 Gómez González, Claudia Patricia, 27 Gonzalez, Aldo, 50 Google, 125 Graham, Omar, 156 Grameen Bank, 65 Grandin, Greg, 19 Grant, Madison, 207 Great Britain, 105, 183, 189 Great Depression, 35, 219 Great Recession, 197, 219 Greece, 118, 132, 201 EU and, 115 Golden Dawn in, 113, 183–185 refugees and, 15, 110–111, 113–114, 116, 201 Turkey and, 114–115 Greenland, 186 Green New Deal, 201 Green party (Austria), 184 Green party (Germany), 122 Green, William, 200 Grendys, Joseph, 85 Growers and Shippers’ Protective League, 35 Grupo Conjunto de Inteligencia Fronteriza, 89 Guajajara, Sônia, 181 Guam, 26, 88 Guanches, 112 Guangzhou, 11 Guantánamo Bay, 3, 22, 30, 48, 60, 87–88, 100 Guardia Civil, 111–112 Guardian, 94, 120, 153 Guatemala climate change and, 73 coup in, 44 Covid-19 and, 12 immigration enforcement in, 3, 89–90 Indigenous people in, 27, 43 migrants from, 20, 39, 43, 81 poverty in, 27 safe third country agreements of, 89 SAWP and, 163 Guatemala–Mexico border, 90 Guinea, 71, 91 Gujarat, 174, 176 Gulf Cooperation Council, 8, 146–147, 149–151, 153, 173, 194 Gulf countries, 67, 146–154, 152 Guyana, 138 H Haftar, Khalifa, 120 Hagan, Ampson, 109 Hage, Ghassan, 14, 198 Hahamovitch, Cindy, 135 Haiti, 39, 46–47, 158, 204, 218 Dominican Republic and, 171, 192–193 refugees from, 22, 31, 45–48, 89, 208 TPS and, 20 Haitian American Sugar Company, 46 Halliburton, 136 Hall, Stuart, 64, 97, 198 Hamas, 57 Hammad, Suheir, 38 Hanieh, Adam, 67, 148–150 Hansen, Peo, 127 Harper, Stephen, 170 Harris, Cheryl, 200 Harry, Jean Claude, 192 Hartman, Saidiya, 30–31 Hart, Mark, 155 Harvesting Freedom, 157 Harvey, David, 42, 65 Hawaii, 26 Hawaiian Sugar Planters’ Association, 143 Heatherton, Christina, 42 Heller, Charles, 119 Hemmings, Clare, 107 Hemon, Aleksandar, 171 Hernández, Kelly Lytle, 32, 36 Hernández Martínez, Maximiliano, 44 Hernández-Polanco, Nicoll, 81 Hernandez Vasquez, Carlos Gregorio, 20 Hindu Rashtra, 174, 176, 189 Hindutva, 172–178, 190 Hispaniola, 46 Hitler, Adolf, 173, 174, 179 Hofer, Norbert, 183 Holocaust, 86 Holy Land Five, 57 Homestead Act, 24, 26 Honduras 2009 coup in, 45 Cáceres in, 45 CIA in, 43 climate change and, 73 immigration enforcement in, 89 Indigenous people in, 27, 44, 218 migrants from, 20, 39, 81, 91 poverty in, 27 safe third country agreements of, 89 Hong Kong, 214 Hong Kong Confederation of Trade Unions, 214 Hongliang Lui, 156 Horthy, Miklós, 173 House Appropriations Committee Homeland Security Subcommittee, 81 Howard, John, 99 Hudson, Peter, 46, 204 Human Rights Tribunal of Ontario, 155 Human Rights Watch, 152, 153 Hungary, 11, 88, 110, 115–116, 133, 173, 183, 185 Huq, Saleemul, 66 Hurricane Dorian, 208 Hurricane Katrina, 30, 36 Hussan, Syed, 157 Hyndman, Jennifer, 68 I Ibarra, Honesto Silva, 135 Iceland, 187 Icelandic National Front, 187 Idle No More, 210 Ikatan Relawan Rakyat Malaysia, 136 Illegal Immigration Reform and Immigrant Responsibility Act, 52 Illinois, 29 IMF.


pages: 252 words: 71,176

Strength in Numbers: How Polls Work and Why We Need Them by G. Elliott Morris

affirmative action, call centre, Cambridge Analytica, commoditize, coronavirus, COVID-19, critical race theory, data science, Donald Trump, Francisco Pizarro, green new deal, lockdown, Moneyball by Michael Lewis explains big data, Nate Silver, random walk, Ronald Reagan, selection bias, Silicon Valley, Socratic dialogue, statistical model, Works Progress Administration

While a traditional media poll will take weeks to design, field, weight, and report, Data for Progress can ask the questions it needs and publish the findings in a matter of days. The business model works. For example, for months during 2018, politicians and many in the media claimed that a package of climate policies called the “Green New Deal” would drag down Democrats in swing districts. But Data for Progress released a report using polling and MRP modeling showing strong support for the policy in swing districts. The report was tweeted out by the bill’s cosponsors, New York representative Alexandria Ocasio-Cortez and Massachusetts senator Ed Markey, reaching millions of people, and was covered extensively in the media, including an exclusive in Vox.

., ix–xi, 35–42, 45, 47–52, 58, 59, 62, 64–67, 77, 80, 123, 131, 166–68 Gallup Institute, xv, 40, 42, 186 Gelman, Andrew, 99, 141 Ghitza, Yair, 139–42, 147 Ginsburg, Ruth Bader, xv Gooding, Richard, 96 Google, 133, 136–37 Graham, David, 155 Greece, ancient, 9–15, 21 Greenfield, Ed, 67, 68 Green New Deal, 175 Grim, Ryan, 150 Haldeman, H. R., 74, 76 Halpine, Charles, 168 Harper’s Magazine, 67, 74 Harris, Louis, 62, 71–72, 73, 77 Harris Interactive, 133 Hartman, Erin, 123, 125–29, 131, 139, 172 Harvard University, 2, 45, 67, 82, 84, 132 Hearst, William Randolph, 34, 60 “hedgehogs,” 117 Herbst, Susan, 168 Herodotus, 9 Higher Loyalty, A (Comey), 116 Hobbes, Thomas, 16, 18 Holli, Melvin, 62 Hollingsworth v.


pages: 250 words: 75,151

The New Nomads: How the Migration Revolution Is Making the World a Better Place by Felix Marquardt

"World Economic Forum" Davos, agricultural Revolution, Anthropocene, Black Lives Matter, Black Swan, Boris Johnson, Bretton Woods, Brexit referendum, British Empire, carbon footprint, carbon tax, coronavirus, COVID-19, dark matter, digital nomad, Donald Trump, George Floyd, ghettoisation, glass ceiling, green new deal, Greta Thunberg, Intergovernmental Panel on Climate Change (IPCC), Joi Ito, Kickstarter, knowledge economy, labour market flexibility, Les Trente Glorieuses, out of africa, phenotype, place-making, Ponzi scheme, pre–internet, QAnon, Ray Kurzweil, remote working, Richard Feynman, road to serfdom, Silicon Valley, Skype, Snapchat, social distancing, sustainable-tourism, technological solutionism, technoutopianism, Yogi Berra, young professional

Bertrand Badré, CEO, Blue Like an Orange; former Managing Director, World Bank ‘The New Nomads provides a welcome and brilliantly written antidote to the nativism that continues to fester in our more privileged societies… As we follow Marquardt on this fascinating journey, we learn that, in his words, all migrations are a search for home.’ Stan Cox, author of The Green New Deal and Beyond and The Path to a Livable Future Thank you for downloading this Simon & Schuster ebook. Join our mailing list to get updates on new releases, deals, recommended reads, and more from Simon & Schuster. CLICK HERE TO SIGN UP Already a subscriber? Provide your email again so we can register this ebook and send you more of what you like to read.

Penguin (2016). Clemens, M., and Postel, H. Deterring Emigration with Foreign Aid: An Overview of Evidence from Low-Income Countries. Population and Development Review 44. Wiley-Blackwell (2018). Cox, S. Any Way You Slice It: The Past, Present, and Future of Rationing. The New Press (2013). Cox, S. The Green New Deal and Beyond: Ending the Climate Emergency While We Still Can. City Lights (2020). Cregan-Reid, V. Primate Change: How the World We Made is Remaking Us. Cassell (2018). Davis, M. Late Victorian Holocausts: El Niño Famines and the Making of the Third World. Verso (2001). Debord, G. The Society of the Spectacle.


pages: 324 words: 80,217

The Decadent Society: How We Became the Victims of Our Own Success by Ross Douthat

Affordable Care Act / Obamacare, AI winter, Apollo 13, Bernie Sanders, bitcoin, Black Lives Matter, Boeing 747, Burning Man, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, centre right, Charlie Hebdo massacre, charter city, crack epidemic, CRISPR, crowdsourcing, David Graeber, Deng Xiaoping, deplatforming, Donald Trump, driverless car, East Village, Easter island, Elon Musk, fake news, Flynn Effect, Francis Fukuyama: the end of history, Francisco Pizarro, ghettoisation, gig economy, Golden age of television, green new deal, Haight Ashbury, helicopter parent, hive mind, Hyperloop, immigration reform, informal economy, intentional community, Intergovernmental Panel on Climate Change (IPCC), Islamic Golden Age, Jeff Bezos, Jeremy Corbyn, Joan Didion, Kevin Kelly, Kickstarter, knowledge worker, life extension, low interest rates, mass immigration, mass incarceration, means of production, megacity, meritocracy, microaggression, move fast and break things, multiplanetary species, Neal Stephenson, Neil Armstrong, New Journalism, Nicholas Carr, Norman Mailer, obamacare, Oculus Rift, open borders, opioid epidemic / opioid crisis, out of africa, Panopticon Jeremy Bentham, Paris climate accords, peak TV, Peter Thiel, plutocrats, pre–internet, private spaceflight, QAnon, quantitative easing, radical life extension, rent-seeking, Robert Bork, Robert Gordon, Ronald Reagan, secular stagnation, self-driving car, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Snapchat, Snow Crash, Social Justice Warrior, social web, Steve Bannon, Steve Jobs, Steven Pinker, technoutopianism, TED Talk, the built environment, The Rise and Fall of American Growth, Tyler Cowen, Tyler Cowen: Great Stagnation, wage slave, WeWork, women in the workforce, Y2K

Like Marx himself, imagining that a man set free from capitalism might become a cosmopolis unto himself—a fisherman, hunter, or farmer by day and an intellectual by night—today’s critics of capitalism envision setting human beings free from the tyranny of work and seeing them blossom into happy dilettantes, with time for all the humane pursuits that in our own society seem to be decaying, and time as well to achieve a full discovery of their own true identity within the race-and-gender tangle that occupies so much attention on the left. And like their conservative and reactionary rivals, the radicals of the left ultimately see problems of solidarity and meaningfulness as the essential problems of our age: the Green New Deal will save us from global warming, but, more importantly, it will bring us together in common labor, give each man and woman and nonbinary person a dignified purpose, and redeem us from division, confusion, and decadence itself. The Religious Solution As described, such a political regeneration sounds almost religious.

., 82, 83 European Union, 172–73, 217, 219 birthrate in, 50 centralization of authority in, 83, 84–85 financial crisis in, 84, 192 Muslim refugees in, 160 possible collapse of, 194 public distrust of government in, 83 sclerosis in, 82–86 unrealistic assumptions of, 82–83 Euro Tragedy: A Drama in Nine Acts (Mody), 84 evangelical Protestantism, 53, 101, 119, 222 Everlasting Man, The (Chesterton), 238–39 exhaustion, cultural and intellectual, decadence as, 9 expansionism, 3–4 environmental and social cost of, 5–6 exploration: abandonment of, 5–6 ideology of, 3–4, 231–32 Fake News, 153 families, shrinking of, 58–62 far left, 172, 194 far right, 134, 193, 194, 227 in Europe, 85, 155, 162 fascism, 112, 160, 194 feminism, 47, 51, 53, 54, 90, 97, 108, 120, 121, 156, 227 fiction, literary, declining sales of, 91 Fight Club (film), 113, 185 filibuster, 78 finance industry, see Wall Street financial crisis of 2008, 11, 69, 80, 84, 137, 192 Finland: decline of sexual relations in, 55 declining birthrate in, 52–53 Fire Next Time, The (Baldwin), 97 Flynn effect, 35 Flynt, Larry, 120 food production, climate change and, 195–96 Ford, John, 110 Foreign Policy, 133 Fox News, 77 France, 32 immigrants in, 64 pronatalist policies of, 52 protest movements in, 171, 172 Francis, Pope, 103 Freedom Time: Negritude, Decolonization, and the Future of the World (Wilder), 208 free-market policies, 25 free trade, 24, 28, 29 French Revolution, 206 From Dawn to Decadence (Barzun), 8 frontier: closing of, 5, 135 New, 181 space as, 2, 6, 231–32; see also Apollo moon program Turner on importance of, 3–4 Fukuyama, Francis, 12, 83, 112–13, 115, 135, 159 Fyre Festival, 17–18, 21 Game of Thrones (TV show), 95, 96 Garland, Merrick, 78 gay rights, revolution in, 99 gender, wage gap and, 99 genetic engineering, 11, 43, 211, 229, 230 Germany, 192 immigrants in, 64, 85 Germany, Nazi, 225 Germany, Weimar, 129, 131 Gersen, Jacob, 142 Gharbi, Musa al-, 97 Gibson, Mel, 189–90, 202 gig economy, decline of traditional freelancing in, 27 gilets-jaunes, 171 Gingrich, Newt, 77 globalism, 218 global South: climate change and, 174–75, 202 mass migration from, 208 global warming, see climate change God and Man at Yale (Buckley), 97 Goebbels, Joseph, 132 Gordon, Robert, 12, 33, 34, 35, 40–41, 46 government: informal norms of, 78 policy failures of, 71 public distrust of, 75 public expectation of action by, 74–75 uncontrolled sprawl of, 72, 76 Government’s End (Rauch), 72 Graeber, David, 12, 38, 40, 41 Gramsci, Antonio, vii Grantland, 93–94 Great Awakening, 103, 222, 228 Great Britain: Brexit in, see Brexit US technological mastery vs., 165 Great Depression, 30, 109 Great Filter, 234–36, 240 Great Recession, 11, 23, 27, 69, 114, 124, 193, 194 falling birthrate in, 51 Great Society, 77 Great Stagnation, The (Cowen), 33–34, 45 Greece, 84, 85 in 2008 financial crisis, 192 Green New Deal, 221 Green Revolution, 43, 196 growth, limits on, 32–36, 46 Guardian (Australia), 220 Guinea, 206 Habits of the Heart (Bellah et al.), 97 Handmaid’s Tale, The (Atwood), 47–50, 65 Handmaid’s Tale, The (TV show), 95 Hanson, Robin, 234 Harris, Mark, 93–94 Harris, Sam, 224 Hazony, Yoram, 218, 219 health care reform: interest groups and, 73 Obama and, 68, 69–70, 73–74, 76 Heavens and the Earth, The (McDougall), 2 Herbert, Frank, 229 Heterodox Academy, 97 Hinduism, 225 history: end of, 112–15, 135, 163, 177 return of, 129, 183, 195 viewed as morality play, 157 hive mind, 106–7 Holmes, Elizabeth, 18–19, 22 hookup culture, 121 horoscopes, 225 Houellebecq, Michel, 155–57, 159, 160–61, 172, 226, 227 House of Representatives, US, 68 “How the Wealth Was Won” (2019 paper), 26 Hubbard, L.


pages: 322 words: 84,580

The Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All by Martin Sandbu

air traffic controllers' union, Airbnb, Alan Greenspan, autonomous vehicles, balance sheet recession, bank run, banking crisis, basic income, Berlin Wall, Bernie Sanders, Big Tech, Boris Johnson, Branko Milanovic, Bretton Woods, business cycle, call centre, capital controls, carbon footprint, carbon tax, Carmen Reinhart, centre right, collective bargaining, company town, debt deflation, deindustrialization, deskilling, Diane Coyle, Donald Trump, Edward Glaeser, eurozone crisis, Fall of the Berlin Wall, financial engineering, financial intermediation, full employment, future of work, gig economy, Gini coefficient, green new deal, hiring and firing, income inequality, income per capita, industrial robot, intangible asset, job automation, John Maynard Keynes: technological unemployment, Kenneth Rogoff, knowledge economy, knowledge worker, labour market flexibility, liquidity trap, longitudinal study, low interest rates, low skilled workers, manufacturing employment, Martin Wolf, meta-analysis, mini-job, Money creation, mortgage debt, new economy, offshore financial centre, oil shock, open economy, pattern recognition, pink-collar, precariat, public intellectual, quantitative easing, race to the bottom, Richard Florida, Robert Shiller, Robert Solow, Ronald Reagan, secular stagnation, social intelligence, TaskRabbit, total factor productivity, universal basic income, very high income, winner-take-all economy, working poor

So for the reasons just mentioned, a centrist party faces better political prospects with a radically ambitious economic policy than with an incremental approach. At the time of this writing, such grand narratives are starting to emerge in Western politics. One, which started on the left but in Europe has gained currency on the centre-right as well, is the “green new deal” or the “European green deal”—an attempt to package a number of reformist economic policies around the goal of addressing climate change. (If this book has not paid much attention to that challenge, it is because the end of belonging is a big enough problem on its own, and the policies I recommend would have been needed even in the absence of the climate threat.

See also antiglobalisation Goodwin, Matthew, 38 government: domestic policy mistakes of, 9, 14, 21, 51, 54–70; effective responses of, to economic change, 11–13; globalisation policy possibilities available to, 90–92; role of, in economics of belonging, 236; size of, 234, 270n1; social and economic security provided by, 52, 54. See also social contract Grand Rapids, Michigan, 203–4 Great Depression, 64, 67 Greece, debt crisis in, 64, 146, 152, 165–66, 219–20, 270n6 green new deal, 237 Green Party, 179 Greenspan, Alan, 66, 140 Greggs, 115, 119 gross domestic product (GDP), 188–208; constituencies experiencing different effects of, 188–89; regional variations in, 191–92, 191; unemployment in relation to, 136 group identification, 46, 49, 112, 194 Hacker, Jacob, 62 Hansen, James, 185 helicopter money, 165 Hendrickson, Clara, 267n15, 268n25 Hirschman, Albert, 115, 121 Hitler, Adolf, 3–4 human capital, 199–200 hyperglobalisation, 80–81 Iceland, 86, 234 illiberalism: cultural values associated with, 14–15; economic change linked to, 8, 15, 36, 38–49; educational deficits linked to, 41, 46; identities of adherents of, 41–42; popular growth of, 4, 7, 18; of Trump, 7.


pages: 344 words: 104,522

Woke, Inc: Inside Corporate America's Social Justice Scam by Vivek Ramaswamy

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 2021 United States Capitol attack, activist fund / activist shareholder / activist investor, affirmative action, Airbnb, Amazon Web Services, An Inconvenient Truth, anti-bias training, Bernie Sanders, Big Tech, BIPOC, Black Lives Matter, carbon footprint, clean tech, cloud computing, contact tracing, coronavirus, corporate governance, corporate social responsibility, COVID-19, critical race theory, crony capitalism, cryptocurrency, defund the police, deplatforming, desegregation, disinformation, don't be evil, Donald Trump, en.wikipedia.org, Eugene Fama: efficient market hypothesis, fudge factor, full employment, George Floyd, glass ceiling, global pandemic, green new deal, hiring and firing, Hyperloop, impact investing, independent contractor, index fund, Jeff Bezos, lockdown, Marc Benioff, Mark Zuckerberg, microaggression, military-industrial complex, Network effects, Parler "social media", plant based meat, Ponzi scheme, profit maximization, random walk, ride hailing / ride sharing, risk-adjusted returns, Robert Bork, Robinhood: mobile stock trading app, Ronald Reagan, Salesforce, self-driving car, shareholder value, short selling, short squeeze, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, single source of truth, Snapchat, social distancing, Social Responsibility of Business Is to Increase Its Profits, source of truth, sovereign wealth fund, Susan Wojcicki, the scientific method, Tim Cook: Apple, too big to fail, trade route, transcontinental railway, traveling salesman, trickle-down economics, Vanguard fund, Virgin Galactic, WeWork, zero-sum game

That’s exactly what we are seeing in the early days of President Biden’s tenure. He called climate change “the number one issue facing humanity” and outlined a plan to achieve net zero emissions by 2050 and other environmental initiatives, all building on the “Green New Deal,” a flawed but ambitious resolution advanced by Congressional Democrats in 2019.14 The original Green New Deal failed in a Republican-controlled Senate, and it’s unlikely to do any better in a 50-50 split Senate that includes Joe Manchin. Yet with the advent of the modern alliance between big government and big business, new laws may not be required at all: the Biden administration can simply use Wall Street’s ESG apparatus to do it instead.


pages: 460 words: 107,454

Stakeholder Capitalism: A Global Economy That Works for Progress, People and Planet by Klaus Schwab, Peter Vanham

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 3D printing, additive manufacturing, agricultural Revolution, air traffic controllers' union, Anthropocene, Apple II, Asian financial crisis, Asperger Syndrome, basic income, Berlin Wall, Big Tech, biodiversity loss, bitcoin, Black Lives Matter, blockchain, blue-collar work, Branko Milanovic, Bretton Woods, British Empire, business process, capital controls, Capital in the Twenty-First Century by Thomas Piketty, car-free, carbon footprint, carbon tax, centre right, clean tech, clean water, cloud computing, collateralized debt obligation, collective bargaining, colonial rule, company town, contact tracing, contact tracing app, Cornelius Vanderbilt, coronavirus, corporate governance, corporate social responsibility, COVID-19, creative destruction, Credit Default Swap, credit default swaps / collateralized debt obligations, cryptocurrency, cuban missile crisis, currency peg, cyber-physical system, decarbonisation, demographic dividend, Deng Xiaoping, Diane Coyle, digital divide, don't be evil, European colonialism, Fall of the Berlin Wall, family office, financial innovation, Francis Fukuyama: the end of history, future of work, gender pay gap, general purpose technology, George Floyd, gig economy, Gini coefficient, global supply chain, global value chain, global village, Google bus, green new deal, Greta Thunberg, high net worth, hiring and firing, housing crisis, income inequality, income per capita, independent contractor, industrial robot, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invisible hand, James Watt: steam engine, Jeff Bezos, job automation, joint-stock company, Joseph Schumpeter, Kenneth Rogoff, Khan Academy, Kickstarter, labor-force participation, lockdown, low interest rates, low skilled workers, Lyft, manufacturing employment, Marc Benioff, Mark Zuckerberg, market fundamentalism, Marshall McLuhan, Martin Wolf, means of production, megacity, microplastics / micro fibres, Mikhail Gorbachev, mini-job, mittelstand, move fast and break things, neoliberal agenda, Network effects, new economy, open economy, Peace of Westphalia, Peter Thiel, precariat, Productivity paradox, profit maximization, purchasing power parity, race to the bottom, reserve currency, reshoring, ride hailing / ride sharing, Ronald Reagan, Salesforce, San Francisco homelessness, School Strike for Climate, self-driving car, seminal paper, shareholder value, Shenzhen special economic zone , Shenzhen was a fishing village, Silicon Valley, Simon Kuznets, social distancing, Social Responsibility of Business Is to Increase Its Profits, special economic zone, Steve Jobs, Steve Wozniak, synthetic biology, TaskRabbit, The Chicago School, The Future of Employment, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, the scientific method, TikTok, Tim Cook: Apple, trade route, transfer pricing, Uber and Lyft, uber lyft, union organizing, universal basic income, War on Poverty, We are the 99%, women in the workforce, working poor, working-age population, Yom Kippur War, young professional, zero-sum game

But once an industry arbitrator (for example, the European Union) sets goals for each industry and defines emission rights for each company, those companies should be able to decide how they reduce their emissions to the desired optimum (for example, they could either produce in a less energy-consuming way or buy emission rights from other companies). These two examples are not taken from thin air; the Paris Agreement in fact incorporated the subsidiarity principle in much the same way as described above. And the European Union, with its Green New Deal and emissions cap-and-trade scheme for companies, applies the same principle as well. The groundwork for both plans was prepared in part at meetings of the World Economic Forum, and they exemplify how stakeholder capitalism can work if it adheres to the subsidiarity principle. A similar logic applies to matters of technology governance, competition, and global taxation.

Moller–Maersk case study on efforts to reduce, 167–168 Boston Consulting Group study on reducing, 167 CO2 emissions, 160, 161, 165–166, 182, 200, 202, 203, 207 EU's emissions cap-and-trade scheme to lower, 166, 183 fossil fuels, 49 Stakeholder Capitalism Metrics used to measure reduced, 249 See also Climate change; Pollution Green New Deal (EU), 183 Greenpeace, 50 Die Grünen (the Greens) [Germany], 78–79 The Guardian, 223 H Hartmann machine works (Chemnitz, Kingdom of Saxony), 103fig Hartmann, Richard, 103 Harvard Business School, 11 Health care COVID-19 pandemic revealing inequalities in, 3–4, 43, 73, 227 digital connectivity providing access to, 227–228 effective government focus on, 225–227 high EU percentage of GDP spent on, 231 high US cost of, 227, 231, 232 improving access in China, 225–226 Singapore's universal health care system, 230–232 Health inequalities COVID-19 pandemic revealing, 3–4, 43, 73, 227 health insurance, 43 wealth inequality, social mobility, and related, 41–42 Healthy365 app (Singapore), 232 Hess-Maier, Dorothee, 9 High-quality debt, 29 Hiroshima bombing (1945), 5 Hirsch, Jeffrey, 240 Hitachi (Japan), 142 Hong Kong carbon footprint per capita, 159 globalization driving economic growth of, 98 Nanyang Commercial Bank of, 57–58 See also Asian Tigers Horowitz, Sara, 242 Housing financial crisis 2008 and loss of, 227 redlining discriminatory practice, 226 Singapore's HDB public, 228–230 stakeholder government providing access to, 225–227 Housing Development Board (HDB) [Singapore], 228–230 Houston Natural Gas (US), 217 Houten, Frans van, 250 Huawei, 55, 60 Hughes, Chris, 128 Human capital definition of, 235 New Zealand's Living Standards Framework on, 235fig–236 Humanity Forward, 239–240 Human rights, Singapore's regulation of, 123 Hungary erosion of political center in, 83–84 Fidesz-KNDP coalition in, 83 financial crisis (2008) impact on, 112, 113 vote for right-wing populist parties (2000, 2017–2019), 84fig I IBM, 139 Iceland, 224 IDN Media (Indonesia), 94–95, 114 IDN Media HQ (Jakarta, Indonesia), 95 Inclusive Development Index (World Economic Forum), 189, 190 Income equality Denmark's success with, 119, 186 EPI plotting union membership against, 186 stakeholder government role in enabling, 178–179, 225 union membership impact on, 186 universal basic income (UBI) concept of, 239 See also Prosperity Income inequality COVID-19 pandemic revealing increased, 3–4, 43, 73 Elephant Curve of Global Inequality and Growth graph, 137–138fig First Industrial Revolution (19th century) and, 132–134 Gini Indices on China and India impact on, 37fig–38, 226 history of US, 34–36, 38–39fig, 88–89 impact on the global economic system by, 36–41 Kuznets curve on problem of, 34–41, 44–45 Kuznets Wave on, 45fig–46 wealth inequality higher than, 41 World Inequality Lab (WIL) on India and China's, 72–73fig World Inequality Report (2018) on, 38, 138fig See also Inequalities; Wealth inequality Independent contractors (freelancers), 237–238, 240–243 Independent Drivers Guild (New York), 238, 241–242 India continued trust in public institutions in, 196 COVID-19 pandemic impact on, 66, 67, 68–69 demographic changes in, 161 economic growth (1980s-2020) in, 66, 67–69, 96–97 gig workers of, 240, 243 Gini Indices on global income inequality impact of, 37fig–38 increasing national income inequality in, 40 protectionist policies and License Raj system of, 67, 69 WHO on unsafe air (2019) in, 72 World Inequality Lab (WIL) on rising inequality in, 72–73fig Indian Institutes of Technology (IIT), 68 Indignados protest (Spain), 40, 86 Indochina (19th century), 56 Indonesia Bandung entrepreneurs story (2012) on MYCL, 93–94, 96, 98, 114 continued trust in public institutions in, 196 economic recession (1997) in, 98, 109 gig workers of, 237, 240 globalization success stories in, 93–99 history of international trade by, 97 IDN Media, 94–95, 114 IT and Internet revolution role in expanding economy of, 137 predicted economic growth (2020–2021) in, 65–66 Spice Islands trade (Maluku Islands), 100 tech unicorns of, 66, 67fig Industrial Revolution (19th century), 56, 71, 108, 116, 119, 130–134, 161 Inequalities Benioff on the problem of growing, 210 Big Tech widening, 210 COVID-19 pandemic revealing increased, 3–4, 43, 73, 227 “digital divide,” 227 World Inequality Lab (WIL) on India and China's, 72–73fig See also Income inequality; Wealth inequality Inflation rates debt burden and low, 33 low-interest rates and low, 31–33 Infosys [India], 68 Infrastructure increasing funding gap (2016–2040) for, 32 New Zealand's physical capital, 235fig–236 Institute of International Finance (IIF), 27 Institutions international, 178, 179, 194, 196–197 loss of trust in public, 196 stakeholder model on need for robust, 185, 193–198 Intel, 141 Interest rates COVID-19 pandemic impact on, 31 low inflation and low, 31–33 US Federal Reserve (2009–2019), 31 Intergovernmental Panel on Climate Change (IPCC) [UN], 51, 149 Intergovernmental Platform on Biodiversity and Ecosystems Services (IPBES) report [2019], 51 International Bank for Reconstruction and Development (now World Bank), 6 International Business Council (World Economic Forum), 193, 214, 249 International communities aim to preserve peace, 179 civil society and the, 237–238 as key stakeholders, 178 weakening of institutions of, 194, 196–197 See also specific international community International Monetary Fund (IMF) continued low global GDP growth expectation by, 26–27 creation of the, 6 GDP measure used by, 24 on increasing rates of median debt by mid-2021, 28 lack of representation evidenced in, 197 2020 fiscal monitor of, 19 World Economic Outlook (2020) on ASEAN economies, 65–66 Internet “digital divide” and, 227 improving digital connectivity to, 225, 227–228, 232 Internet Agenda (World Economic Forum), 246 Internet Explorer, 139 Internet of Things, 18, 72, 161 InterNorth (US), 217, 218 Ireland, 194 Iron Curtain, 77, 80 Israel OPEC members in opposition to, 12 Yom Kippur War, 12 Italy COVID-19 pandemic impact on economy of, 68 erosion of the political center in, 83 Five Star Movement in, 83, 87–88 Marshall Plan to rebuild economy of, 6 Pitchfork protests (2013), 86 ruined post-World War II economy of, 5 J Jacobin Magazine (socialist publication), 243 Japan demographic decline in, 161 Second World War occupation of Chinese territory by, 56 Japanese economy economic boom (1945–1970s) in, 8, 109 reconstruction of post-war society and, 8 ruined post-World War II, 5 Jensen, Claus, 117 Jobs, Steve, 126 Johnson, Lyndon B., 135, 184 Jordan, 162 JPMorgan Chase, 132 Julius, Otto, 9 K Kambhampati, Uma, 224 Kennedy, John F., 76 Kenya, 27, 70 Keynes, John Maynard, 103, 104 Khadija, 99 Khan, Lina, 127, 140 Klein, Alice, 220 Klein, Ezra, 231–232 Kohl, Helmut, 78, 81 KPMG (US), 215, 250 Krugman, Paul, 127–128 Kuznets, Simon Smith, 21–25, 34, 44–45, 53, 234 Kuznets' theories Environmental Kuznets Curve, 21–22, 46–47, 53 on mistaken pursuit of GDP growth, 21–25, 34, 46, 53 on problem of income inequality, 34–41, 44–45 Kuznets Wave, 45fig–46 L Labor force automation challenges for, 115–126 collective bargaining in European countries, 10 comparison of US and Danish approach to, 117–120, 123 constructive relationship between Danish companies and, 117–120 Financial Times on loss of manufacturing jobs (1990–2016), 120 gig economy, 237–238, 240–243 increased female participation in the, 9 US and UK politically polarizing, 122–123 Labor market reskilling American labor market deficiencies in, 121–122 Denmark's “Active Labour Market Policies,” 120–121 Labor strikes call for global Uber and Lyft (2019), 187 UK miners' strike, 122 US air traffic controllers, 122 Labor unions collective bargaining, 10, 14, 17 EPI plotting income inequality against history of, 186 high membership in Denmark, 240 stakeholder approach to modern, 240–243 strikes held by, 122 Laissez-faire economy, 225 Lakner, Christoph, 137, 138 Lasn, Kalle, 40 Latin American countries average economic mobility improvement in, 44 capitalism vs. communism ideological battle in, 7 dropping voter turnout for elections in, 188 emerging markets in, 63 income inequality in, 40 “reefer ships” (1870s) and international trade by, 104, 110 “21st century socialism” of, 225 See also specific country “League of Legends” game, 60 Lee Hsien Loong, 230 Lee, Kai-Fu, 143 Legacy preferences (university admissions), 226 Lega (League) [Germany], 83, 88 Legatum Prosperity Index (2019), 231 Lenin, Vladimir, 22 Leonhard, David, 140 LGBTQ people, 123, 195 LGBTQ rights groups, 243 Liberal political parties (Europe), 188 License Raj system (India), 67, 69 “The Limits to Growth” study (Peccei), 47, 48, 52 Lin, David, 49 LinkedIn (US), 211 “Little Mermaid” statue (Copenhagen), 200 Liu Guohong, 57 Living Standards Framework (LSF) [New Zealand], 222–223, 234–236 Local government.


pages: 460 words: 107,454

Stakeholder Capitalism: A Global Economy That Works for Progress, People and Planet by Klaus Schwab

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 3D printing, additive manufacturing, agricultural Revolution, air traffic controllers' union, Anthropocene, Apple II, Asian financial crisis, Asperger Syndrome, basic income, Berlin Wall, Big Tech, biodiversity loss, bitcoin, Black Lives Matter, blockchain, blue-collar work, Branko Milanovic, Bretton Woods, British Empire, business process, capital controls, Capital in the Twenty-First Century by Thomas Piketty, car-free, carbon footprint, carbon tax, centre right, clean tech, clean water, cloud computing, collateralized debt obligation, collective bargaining, colonial rule, company town, contact tracing, contact tracing app, Cornelius Vanderbilt, coronavirus, corporate governance, corporate social responsibility, COVID-19, creative destruction, Credit Default Swap, credit default swaps / collateralized debt obligations, cryptocurrency, cuban missile crisis, currency peg, cyber-physical system, decarbonisation, demographic dividend, Deng Xiaoping, Diane Coyle, digital divide, don't be evil, European colonialism, Fall of the Berlin Wall, family office, financial innovation, Francis Fukuyama: the end of history, future of work, gender pay gap, general purpose technology, George Floyd, gig economy, Gini coefficient, global supply chain, global value chain, global village, Google bus, green new deal, Greta Thunberg, high net worth, hiring and firing, housing crisis, income inequality, income per capita, independent contractor, industrial robot, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invisible hand, James Watt: steam engine, Jeff Bezos, job automation, joint-stock company, Joseph Schumpeter, Kenneth Rogoff, Khan Academy, Kickstarter, labor-force participation, lockdown, low interest rates, low skilled workers, Lyft, manufacturing employment, Marc Benioff, Mark Zuckerberg, market fundamentalism, Marshall McLuhan, Martin Wolf, means of production, megacity, microplastics / micro fibres, Mikhail Gorbachev, mini-job, mittelstand, move fast and break things, neoliberal agenda, Network effects, new economy, open economy, Peace of Westphalia, Peter Thiel, precariat, Productivity paradox, profit maximization, purchasing power parity, race to the bottom, reserve currency, reshoring, ride hailing / ride sharing, Ronald Reagan, Salesforce, San Francisco homelessness, School Strike for Climate, self-driving car, seminal paper, shareholder value, Shenzhen special economic zone , Shenzhen was a fishing village, Silicon Valley, Simon Kuznets, social distancing, Social Responsibility of Business Is to Increase Its Profits, special economic zone, Steve Jobs, Steve Wozniak, synthetic biology, TaskRabbit, The Chicago School, The Future of Employment, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, the scientific method, TikTok, Tim Cook: Apple, trade route, transfer pricing, Uber and Lyft, uber lyft, union organizing, universal basic income, War on Poverty, We are the 99%, women in the workforce, working poor, working-age population, Yom Kippur War, young professional, zero-sum game

But once an industry arbitrator (for example, the European Union) sets goals for each industry and defines emission rights for each company, those companies should be able to decide how they reduce their emissions to the desired optimum (for example, they could either produce in a less energy-consuming way or buy emission rights from other companies). These two examples are not taken from thin air; the Paris Agreement in fact incorporated the subsidiarity principle in much the same way as described above. And the European Union, with its Green New Deal and emissions cap-and-trade scheme for companies, applies the same principle as well. The groundwork for both plans was prepared in part at meetings of the World Economic Forum, and they exemplify how stakeholder capitalism can work if it adheres to the subsidiarity principle. A similar logic applies to matters of technology governance, competition, and global taxation.

Moller–Maersk case study on efforts to reduce, 167–168 Boston Consulting Group study on reducing, 167 CO2 emissions, 160, 161, 165–166, 182, 200, 202, 203, 207 EU's emissions cap-and-trade scheme to lower, 166, 183 fossil fuels, 49 Stakeholder Capitalism Metrics used to measure reduced, 249 See also Climate change; Pollution Green New Deal (EU), 183 Greenpeace, 50 Die Grünen (the Greens) [Germany], 78–79 The Guardian, 223 H Hartmann machine works (Chemnitz, Kingdom of Saxony), 103fig Hartmann, Richard, 103 Harvard Business School, 11 Health care COVID-19 pandemic revealing inequalities in, 3–4, 43, 73, 227 digital connectivity providing access to, 227–228 effective government focus on, 225–227 high EU percentage of GDP spent on, 231 high US cost of, 227, 231, 232 improving access in China, 225–226 Singapore's universal health care system, 230–232 Health inequalities COVID-19 pandemic revealing, 3–4, 43, 73, 227 health insurance, 43 wealth inequality, social mobility, and related, 41–42 Healthy365 app (Singapore), 232 Hess-Maier, Dorothee, 9 High-quality debt, 29 Hiroshima bombing (1945), 5 Hirsch, Jeffrey, 240 Hitachi (Japan), 142 Hong Kong carbon footprint per capita, 159 globalization driving economic growth of, 98 Nanyang Commercial Bank of, 57–58 See also Asian Tigers Horowitz, Sara, 242 Housing financial crisis 2008 and loss of, 227 redlining discriminatory practice, 226 Singapore's HDB public, 228–230 stakeholder government providing access to, 225–227 Housing Development Board (HDB) [Singapore], 228–230 Houston Natural Gas (US), 217 Houten, Frans van, 250 Huawei, 55, 60 Hughes, Chris, 128 Human capital definition of, 235 New Zealand's Living Standards Framework on, 235fig–236 Humanity Forward, 239–240 Human rights, Singapore's regulation of, 123 Hungary erosion of political center in, 83–84 Fidesz-KNDP coalition in, 83 financial crisis (2008) impact on, 112, 113 vote for right-wing populist parties (2000, 2017–2019), 84fig I IBM, 139 Iceland, 224 IDN Media (Indonesia), 94–95, 114 IDN Media HQ (Jakarta, Indonesia), 95 Inclusive Development Index (World Economic Forum), 189, 190 Income equality Denmark's success with, 119, 186 EPI plotting union membership against, 186 stakeholder government role in enabling, 178–179, 225 union membership impact on, 186 universal basic income (UBI) concept of, 239 See also Prosperity Income inequality COVID-19 pandemic revealing increased, 3–4, 43, 73 Elephant Curve of Global Inequality and Growth graph, 137–138fig First Industrial Revolution (19th century) and, 132–134 Gini Indices on China and India impact on, 37fig–38, 226 history of US, 34–36, 38–39fig, 88–89 impact on the global economic system by, 36–41 Kuznets curve on problem of, 34–41, 44–45 Kuznets Wave on, 45fig–46 wealth inequality higher than, 41 World Inequality Lab (WIL) on India and China's, 72–73fig World Inequality Report (2018) on, 38, 138fig See also Inequalities; Wealth inequality Independent contractors (freelancers), 237–238, 240–243 Independent Drivers Guild (New York), 238, 241–242 India continued trust in public institutions in, 196 COVID-19 pandemic impact on, 66, 67, 68–69 demographic changes in, 161 economic growth (1980s-2020) in, 66, 67–69, 96–97 gig workers of, 240, 243 Gini Indices on global income inequality impact of, 37fig–38 increasing national income inequality in, 40 protectionist policies and License Raj system of, 67, 69 WHO on unsafe air (2019) in, 72 World Inequality Lab (WIL) on rising inequality in, 72–73fig Indian Institutes of Technology (IIT), 68 Indignados protest (Spain), 40, 86 Indochina (19th century), 56 Indonesia Bandung entrepreneurs story (2012) on MYCL, 93–94, 96, 98, 114 continued trust in public institutions in, 196 economic recession (1997) in, 98, 109 gig workers of, 237, 240 globalization success stories in, 93–99 history of international trade by, 97 IDN Media, 94–95, 114 IT and Internet revolution role in expanding economy of, 137 predicted economic growth (2020–2021) in, 65–66 Spice Islands trade (Maluku Islands), 100 tech unicorns of, 66, 67fig Industrial Revolution (19th century), 56, 71, 108, 116, 119, 130–134, 161 Inequalities Benioff on the problem of growing, 210 Big Tech widening, 210 COVID-19 pandemic revealing increased, 3–4, 43, 73, 227 “digital divide,” 227 World Inequality Lab (WIL) on India and China's, 72–73fig See also Income inequality; Wealth inequality Inflation rates debt burden and low, 33 low-interest rates and low, 31–33 Infosys [India], 68 Infrastructure increasing funding gap (2016–2040) for, 32 New Zealand's physical capital, 235fig–236 Institute of International Finance (IIF), 27 Institutions international, 178, 179, 194, 196–197 loss of trust in public, 196 stakeholder model on need for robust, 185, 193–198 Intel, 141 Interest rates COVID-19 pandemic impact on, 31 low inflation and low, 31–33 US Federal Reserve (2009–2019), 31 Intergovernmental Panel on Climate Change (IPCC) [UN], 51, 149 Intergovernmental Platform on Biodiversity and Ecosystems Services (IPBES) report [2019], 51 International Bank for Reconstruction and Development (now World Bank), 6 International Business Council (World Economic Forum), 193, 214, 249 International communities aim to preserve peace, 179 civil society and the, 237–238 as key stakeholders, 178 weakening of institutions of, 194, 196–197 See also specific international community International Monetary Fund (IMF) continued low global GDP growth expectation by, 26–27 creation of the, 6 GDP measure used by, 24 on increasing rates of median debt by mid-2021, 28 lack of representation evidenced in, 197 2020 fiscal monitor of, 19 World Economic Outlook (2020) on ASEAN economies, 65–66 Internet “digital divide” and, 227 improving digital connectivity to, 225, 227–228, 232 Internet Agenda (World Economic Forum), 246 Internet Explorer, 139 Internet of Things, 18, 72, 161 InterNorth (US), 217, 218 Ireland, 194 Iron Curtain, 77, 80 Israel OPEC members in opposition to, 12 Yom Kippur War, 12 Italy COVID-19 pandemic impact on economy of, 68 erosion of the political center in, 83 Five Star Movement in, 83, 87–88 Marshall Plan to rebuild economy of, 6 Pitchfork protests (2013), 86 ruined post-World War II economy of, 5 J Jacobin Magazine (socialist publication), 243 Japan demographic decline in, 161 Second World War occupation of Chinese territory by, 56 Japanese economy economic boom (1945–1970s) in, 8, 109 reconstruction of post-war society and, 8 ruined post-World War II, 5 Jensen, Claus, 117 Jobs, Steve, 126 Johnson, Lyndon B., 135, 184 Jordan, 162 JPMorgan Chase, 132 Julius, Otto, 9 K Kambhampati, Uma, 224 Kennedy, John F., 76 Kenya, 27, 70 Keynes, John Maynard, 103, 104 Khadija, 99 Khan, Lina, 127, 140 Klein, Alice, 220 Klein, Ezra, 231–232 Kohl, Helmut, 78, 81 KPMG (US), 215, 250 Krugman, Paul, 127–128 Kuznets, Simon Smith, 21–25, 34, 44–45, 53, 234 Kuznets' theories Environmental Kuznets Curve, 21–22, 46–47, 53 on mistaken pursuit of GDP growth, 21–25, 34, 46, 53 on problem of income inequality, 34–41, 44–45 Kuznets Wave, 45fig–46 L Labor force automation challenges for, 115–126 collective bargaining in European countries, 10 comparison of US and Danish approach to, 117–120, 123 constructive relationship between Danish companies and, 117–120 Financial Times on loss of manufacturing jobs (1990–2016), 120 gig economy, 237–238, 240–243 increased female participation in the, 9 US and UK politically polarizing, 122–123 Labor market reskilling American labor market deficiencies in, 121–122 Denmark's “Active Labour Market Policies,” 120–121 Labor strikes call for global Uber and Lyft (2019), 187 UK miners' strike, 122 US air traffic controllers, 122 Labor unions collective bargaining, 10, 14, 17 EPI plotting income inequality against history of, 186 high membership in Denmark, 240 stakeholder approach to modern, 240–243 strikes held by, 122 Laissez-faire economy, 225 Lakner, Christoph, 137, 138 Lasn, Kalle, 40 Latin American countries average economic mobility improvement in, 44 capitalism vs. communism ideological battle in, 7 dropping voter turnout for elections in, 188 emerging markets in, 63 income inequality in, 40 “reefer ships” (1870s) and international trade by, 104, 110 “21st century socialism” of, 225 See also specific country “League of Legends” game, 60 Lee Hsien Loong, 230 Lee, Kai-Fu, 143 Legacy preferences (university admissions), 226 Lega (League) [Germany], 83, 88 Legatum Prosperity Index (2019), 231 Lenin, Vladimir, 22 Leonhard, David, 140 LGBTQ people, 123, 195 LGBTQ rights groups, 243 Liberal political parties (Europe), 188 License Raj system (India), 67, 69 “The Limits to Growth” study (Peccei), 47, 48, 52 Lin, David, 49 LinkedIn (US), 211 “Little Mermaid” statue (Copenhagen), 200 Liu Guohong, 57 Living Standards Framework (LSF) [New Zealand], 222–223, 234–236 Local government.


pages: 407 words: 108,030

How to Talk to a Science Denier: Conversations With Flat Earthers, Climate Deniers, and Others Who Defy Reason by Lee McIntyre

2021 United States Capitol attack, Affordable Care Act / Obamacare, Alfred Russel Wallace, An Inconvenient Truth, Boris Johnson, carbon credits, carbon tax, Climategate, cognitive bias, cognitive dissonance, coronavirus, correlation does not imply causation, COVID-19, crisis actor, different worldview, disinformation, Donald Trump, Dunning–Kruger effect, en.wikipedia.org, Eratosthenes, experimental subject, fake news, false flag, green new deal, Higgs boson, Intergovernmental Panel on Climate Change (IPCC), lockdown, Mark Zuckerberg, Michael Shellenberger, obamacare, off-the-grid, Paris climate accords, post-truth, precautionary principle, Recombinant DNA, Richard Feynman, scientific mainstream, selection bias, social distancing, sovereign wealth fund, stem cell, Steven Levy, the scientific method, University of East Anglia, Upton Sinclair, Virgin Galactic, WikiLeaks

Kara Holsopple, “The Philosophy of Climate Denial,” Allegheny Front, September 18, 2019, https://www.alleghenyfront.org/the-philosophy-of-climate-denial/. 16. https://quoteinvestigator.com/2017/11/30/salary/. 17. Eliza Griswold, “People in Coal Country Worry about the Climate, Too,” New York Times, July 13, 2019, https://www.nytimes.com/2019/07/13/opinion/sunday/jobs-climate-green-new-deal.html. 18. Remember that 18 percent drop in coal in 2019? This is what he was talking about. 19. Jane Mayer, Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right (New York: Anchor, 2017). 20. Andrew Norman, Mental Immunity: Infectious Ideas, Mind-Parasites, and the Search for a Better Way to Think (New York: Harper Wave, 2021). 21.

Gorman, Sara, and Jack Gorman. Denying to the Grave: Why We Ignore the Facts That Will Save Us. Oxford: Oxford University Press, 2017. Griswold, Eliza. “People in Coal Country Worry about the Climate, Too.” New York Times, July 13, 2019. https://www.nytimes.com/2019/07/13/opinion/sunday/jobs-climate-green-new-deal.html. Haidt, Jonathan. The Righteous Mind: Why Good People Are Divided by Politics and Religion. New York: Vintage, 2012. Hall, Shannon. “Exxon Knew about Climate Change Almost 40 Years Ago.” Scientific American, October 26, 2015. Hamilton, Lawrence. “Conservative and Liberal Views of Science: Does Trust Depend on Topic?”


pages: 121 words: 36,908

Four Futures: Life After Capitalism by Peter Frase

Aaron Swartz, Airbnb, Anthropocene, basic income, bitcoin, business cycle, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, carbon tax, congestion pricing, cryptocurrency, deindustrialization, do what you love, Dogecoin, Donald Shoup, Edward Snowden, emotional labour, Erik Brynjolfsson, Ferguson, Missouri, fixed income, full employment, future of work, green new deal, Herbert Marcuse, high net worth, high-speed rail, income inequality, industrial robot, informal economy, Intergovernmental Panel on Climate Change (IPCC), iterative process, Jevons paradox, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, Kim Stanley Robinson, litecoin, mass incarceration, means of production, military-industrial complex, Occupy movement, pattern recognition, peak oil, plutocrats, post-work, postindustrial economy, price mechanism, private military company, Ray Kurzweil, Robert Gordon, Second Machine Age, self-driving car, sharing economy, Silicon Valley, smart meter, TaskRabbit, technoutopianism, The future is already here, The Future of Employment, Thomas Malthus, Tyler Cowen, Tyler Cowen: Great Stagnation, universal basic income, Wall-E, warehouse robotics, Watson beat the top human players on Jeopardy!, We are the 99%, Wolfgang Streeck

There has always been such an apocalyptic streak on the Left. This is somewhat understandable, given the current state of our politics: in technical terms, we can identify actions that have a hope of staving off disaster, but these seem so gigantic in scale, and the political obstacles so great, as to be practically impossible. We could undertake a green New Deal that would replace our carbon-based energy system with wind, solar, and other renewable sources. We could build high-speed trains and other mass transit to replace the gas-burning automobile as the center of our transportation system. We might even be able to remediate some of the worst impacts of the carbon emissions that are currently ongoing, through the technologies of carbon dioxide capture and sequestration.


pages: 468 words: 123,823

A People's History of Poverty in America by Stephen Pimpare

affirmative action, British Empire, car-free, clean water, cognitive dissonance, Columbine, Daniel Kahneman / Amos Tversky, deindustrialization, delayed gratification, dumpster diving, East Village, Frederick Winslow Taylor, George Gilder, green new deal, hedonic treadmill, hiring and firing, Howard Zinn, illegal immigration, impulse control, income inequality, index card, it's over 9,000, Jane Jacobs, low skilled workers, Mahatma Gandhi, mass incarceration, meta-analysis, moral panic, Naomi Klein, New Urbanism, payday loans, Ralph Waldo Emerson, Robert Solow, Ronald Reagan, San Francisco homelessness, subprime mortgage crisis, The Bell Curve by Richard Herrnstein and Charles Murray, The Death and Life of Great American Cities, The Wealth of Nations by Adam Smith, Thomas Malthus, union organizing, urban renewal, W. E. B. Du Bois, War on Poverty, white flight, working poor, Works Progress Administration

., The Confession of Edward Isham: A Poor White Life of the Old South (Athens: University of Georgia Press, 1998 [1860]), 23. 25 Bellows, Benevolence Among Slaveholders, 91. 26 Ash, “Poor Whites in the Occupied South,” 39–62. 27 I set aside here whether the systems of national veteran’s pensions, inaugurated with the Revolutionary War, would better be identified as the first American welfare state institution. 28 It was reorganized and renamed the Department of Defense in 1949. 29 Ira Berlin, Barbara J. Fields, Steven F. Miller, Joseph P. Reidy, and Leslie S. Rowland, eds., Free at Last: A Documentary History of Slavery, Freedom, and the Civil War (New York: The New Press, 1992), 168, 228. 30 Ibid., 169. 31 Ibid., 435–36, 477, 461–63. 32 Green, Before the New Deal; Green, New Deal and Beyond. 33 Franklin, “Public Welfare in the South,” 379–92. 34 Berlin et al., Free at Last, 314, 318. 35 Ira C. Colby, “The Freedman’s Bureau: From Social Welfare to Segregation,” Phylon 46, no. 3 (1985): 219–30. Lerner reports that the Freedman’s Bureau established more than four thousand schools, which had by 1870 educated almost 250,000 black children; these were in many ways precursors to the broader public school system that would be established throughout the United States in the late century.

., Confronting Southern Poverty in the Great Depression: The Report on Economic Conditions of the South with Related Documents (Boston: Bedford Books, 1996), 54ff. 45 Introduction and Kathleen Gorman, “Confederate Pensions as Southern Social Welfare,” in Green, Before the New Deal; introduction in Green, New Deal and Beyond. 46 Joe William Trotter Jr., From a Raw Deal to a New Deal? African Americans, 1929–1945 (New York: Oxford University Press, 1996), chaps. 1 and 2. 47 The EITC may function in this manner, as a subsidy to low-wage employers. See Robert M. Solow et al., Work and Welfare (Princeton, NJ: Princeton University Press, 1998); Jamie Peck, Workfare States (New York: Guilford Press, 2001). 48 Raper, Preface to Peasantry; James C.


pages: 148 words: 45,249

Losing Earth: A Recent History by Nathaniel Rich

An Inconvenient Truth, carbon tax, disinformation, Dissolution of the Soviet Union, energy security, green new deal, ice-free Arctic, Intergovernmental Panel on Climate Change (IPCC), James Watt: steam engine, mass immigration, Mikhail Gorbachev, military-industrial complex, oil shale / tar sands, planetary scale, Ronald Reagan, spinning jenny, the scientific method

We stand as the defenders of the moral rights of every citizen of our planet. A year later the foreign minister of the Marshall Islands said that the islanders’ forced abandonment of their homes and cultures “is equivalent in our minds to genocide.” The American college students leading the movement to demand a Green New Deal—an omnibus piece of legislation not unlike those proposed by Timothy Wirth and Claudine Schneider in 1988 and Barack Obama in 2008—increasingly speak in the same register as the leaders of the sinking island nations. The hundreds of students who staged a sit-in at Nancy Pelosi’s office after the Democrats regained control of the House of Representatives in 2018, demanding comprehensive climate legislation, said things like: “We are angry at the cowardice of our leaders,” “We are standing for our future,” “Our lives are at stake.”


pages: 505 words: 138,917

Open: The Story of Human Progress by Johan Norberg

Abraham Maslow, additive manufacturing, affirmative action, Albert Einstein, anti-globalists, basic income, Berlin Wall, Bernie Sanders, Bletchley Park, Brexit referendum, British Empire, business cycle, business process, California gold rush, carbon tax, citizen journalism, classic study, Clayton Christensen, clean water, cognitive dissonance, collective bargaining, Corn Laws, coronavirus, COVID-19, creative destruction, crony capitalism, decarbonisation, deindustrialization, Deng Xiaoping, digital map, Donald Trump, Edward Jenner, fake news, Fall of the Berlin Wall, falling living standards, Filter Bubble, financial innovation, flying shuttle, Flynn Effect, Francis Fukuyama: the end of history, future of work, Galaxy Zoo, George Gilder, Gini coefficient, global pandemic, global supply chain, global village, green new deal, humanitarian revolution, illegal immigration, income per capita, Indoor air pollution, indoor plumbing, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Isaac Newton, Islamic Golden Age, James Watt: steam engine, Jane Jacobs, Jeff Bezos, job automation, John von Neumann, joint-stock company, Joseph Schumpeter, Kickstarter, knowledge economy, labour mobility, Lao Tzu, liberal capitalism, manufacturing employment, mass immigration, negative emissions, Network effects, open borders, open economy, Pax Mongolica, place-making, profit motive, RAND corporation, regulatory arbitrage, rent control, Republic of Letters, road to serfdom, Ronald Reagan, Schrödinger's Cat, sharing economy, side project, Silicon Valley, Solyndra, spice trade, stem cell, Steve Bannon, Steve Jobs, Steve Wozniak, Steven Pinker, tacit knowledge, The Death and Life of Great American Cities, The Wealth of Nations by Adam Smith, Thomas L Friedman, too big to fail, trade liberalization, trade route, transatlantic slave trade, Tyler Cowen, Uber for X, ultimatum game, universal basic income, World Values Survey, Xiaogang Anhui farmers, zero-sum game

Technocrats who reject dynamism are also of both the Left and the Right – those who want to control the future to ensure progress is equitable and doesn’t hurt labour interests, and those who want to do so to protect culture and social cohesion. Leftist Democrats want to plan the economy to create the right jobs, like the Green New Deal (which ‘wasn’t originally a climate thing at all’, but ‘a how-do-you-change-the-entire-economy thing’, as one of its originators has admitted).27 National conservatives want to plan the economy and restrict foreign competition to create stable employment in traditional industries like manufacturing.

(Fukuyama), 362–5 End of Work, The (Rifkin), 312 Engels, Friedrich, 33, 36, 162, 206, 247, 256 English Civil War (1642–1651), 148, 183, 184, 201 Enigma machine, 124–6 Enlightenment, 4, 5, 6, 13, 103, 154–60, 165–6, 195–6 Environmental Performance Index, 327 Ephesus, 45 Epic of Gilgamesh, The, 38 Epicurus, 134–5 Epstein, Richard, 320 equality matching, 262–6, 267 Erasmus, 152 Erdogan, Recep Tayyip, 354 Ethiopia, 72, 130 ethnocentrism, 219, 271 Etruscan civilization (c. 900–27 BC), 43 Eubulus, 47 eugenics, 109 Euphrates river, 37 Euripides, 132 European Organization for Nuclear Research, 306 European Parliament, 325 European Union (EU) Brexit (2016–), 9, 14, 118, 238, 240–41, 349, 354, 379 common currency, 280–81 freedom of movement, 118, 343 migration crisis (2015–), 10, 114, 115, 342–3, 358 subsidies in, 280 trade and, 272 United States, trade with, 19 Evans, Oliver, 203 Evolution of God, The (Wright), 249 evolutionary psychology, 14, 23, 225 exoticism, 84 Expressionism, 198 Facebook, 239, 309 Falwell, Jerry, 113–14 Farage, Nigel, 241 farming, see agriculture Fascist Italy (1922–1943), 105, 219 FedEx, 319 Feifer, Jason, 290–92 Fenway Park, Boston, 223 Ferdinand II, King of Aragon, 97, 98, 106 Ferguson, Charles, 314 Fermi, Enrico, 105 Ferney, France, 153 feudalism, 92, 194, 202, 208 fight-or-flight instinct, 15, 346, 348–9 filter bubbles, 239 financial crisis (2008), 10, 15, 62, 254, 333, 358, 359–60 fire, control of, 32–3, 76 Flanders, 208 fluyts, 100 Flynn effect, 109 Fogel, Robert, 276 folk economics, 258–62 football, 223–4, 245–6 Forbes, 274 Ford, Henry, 203 Fortune 500 companies, 82 Fox News, 82, 302, 354 France, 151 American Revolutionary War (1775–83), 201 automation in, 313 Cathars, 94, 142 Cobden–Chevalier Treaty (1860), 53–4 corruption in, 345 Dutch War (1672–8), 101 Encyclopédie, 154 free zones in, 180–81 Huguenots, persecution of, 97, 99, 101, 158, 193 immigration in, 115 Jews, persecution of, 96, 97, 254 languages in, 289 Minitel, 313 Revolution (1789–99), 201, 292 Royal Academy of Sciences, 156 ruin follies, 287 St Bartholomew’s Day massacre (1572), 97 Thököly Uprising (1678–85), 137 Uber in, 320 University of Paris, 140, 141–2, 143 Francis I, Emperor of Austria-Hungary, 178 Franciscans, 144 Franklin, Benjamin, 107 Franks, 92 free speech, 127, 131–2, 160, 163–5, 343 Chicago principles, 164–5 emigration for, 152–3 university campuses, 163–5 free trade, see under trade Fried, Dan, 289 Friedman, Benjamin, 253 Friedman, David, 284 Friedman, Thomas, 325 Friedrich Wilhelm I, King of Prussia, 153 Fukuyama, Francis, 362–5 Fulda, Germany, 179, 180 Future and Its Enemies, The (Postrel), 300 Future of Nostalgia, The (Boym), 288 Galatia, 90 Galaxy Zoo, 80 Galilei, Galileo, 146, 150 Gallup, 164 game theory, 26 Gandhi, Indira, 326 gas lighting, 297 Gates, William ‘Bill’, 274, 277, 309 Gauls, 90, 91, 92 gay rights, 113, 336 Geary, Patrick, 288–9 gender equality, 113, 114 General Motors, 64 generations baby-boom generation (1946–64), 294, 340 generation X (1965–80), 340 immigration and, 106, 110–11, 113–14 interwar generation (1928–45), 340 millennial generation (1981–96), 340 nostalgia and, 291, 293–4, 296 genetically modified organisms (GMO), 299, 301 Geneva, Switzerland, 152, 153 Genghis Khan, 94–5, 96, 174 Genoa, Republic of (1005–1797), 73, 178 George II, King of Great Britain and Ireland, 193 George III, King of Great Britain and Ireland, 103, 193 George Mason University, 257, 258 Georgia, 365 Georgia, United States, 349 German Conservative Party, 254 Germany automatic looms, 179 Berlin Wall, fall of (1989), 10, 340, 341, 363, 364 Bronze Age migration, 75 budget deficits, 60 COVID-19 pandemic (2019–20), 12 guilds in, 190 immigration in, 114, 115 Jews, persecution of, 99, 104–6, 109, 220, 233 migration crisis (2015–), 342–3 Nazi period (1933–45), 104–6, 109, 124, 220, 233, 353 Neolithic migration, 74 protectionism in, 314 Reichstag fire (1933), 353 Thirty Years War (1618–48), 150 United States, migration to, 104, 107–8, 111 Weimar period (1918–33), 353 al-Ghazali, 139 Gholia, 89 Gibbon, Edward, 90 Gilder, George, 314 Gilgamesh, 38 Gillis, John, 291 Gingrich, Newton, 313 Gini coefficient, 273 Gintis, Herbert, 36 global history, 13 global price crisis (2010–11), 11 global warming, 75, 323, 325, 326–34 globalization, 4, 55, 270 backlashes against, 9, 14, 54, 57 cities and, 35 classical world, 43–50 conspiracy theories on, 323 disease and, 11, 77–9 United States and, 19 Westernization, 4 Glorious Revolution (1688), 101, 185–8, 190, 193 Goa, India, 146–7 golden nugget theory, 5 Golden Rule, 251–2 Golding, William, 219, 243, 244 Goldstone, Jack, 5, 133, 353 Goodness Paradox, The (Wrangham), 227 Google, 309, 311 Gordon, Thomas, 201 Göring, Hermann, 106 gossip, 229 Goths, 92 Gottlieb, Anthony, 135 Great Awakening (1730–55), 102 Great Depression (1929–39), 54–5, 56, 254 Great Enrichment, 167, 204 Great Recession (2007–9), 254–5, 358, 359–60 Great Transformation, The (Polanyi), 37 Great Vanishing, 134–5 Great Wall of China, 178 Greece, ancient, 127–32, 169 Athens, 47, 53, 89, 90, 131–2, 134 Axial Age, 129 cosmopolitanism, 87–8 golden nugget theory, 5 Ionian enlightenment, 127–9 Mycenae, 88 philosophy, 13, 70, 127–32, 134–5, 136 Phoenicians, relations with, 43, 44, 45, 46 science, 127–32, 136 Sparta, 47, 54, 90, 132 trade, attitudes towards, 47, 54 xenophobia in, 90 Green New Deal, 302 Greene, Joshua, 216, 259 Greenland, 51 Gregorian calendar, 137, 152 Gregory IX, Pope, 142 Gregory XIII, Pope, 152 gross domestic product (GDP), 68–9, 257, 278–9 Grotius, Hugo, 147, 152–3 groupthink, 83 Guangzhou, Guangdong, 352 guilds, 190 Gutenberg, Johannes, 146 Haber, Fritz, 105 Habsburg Empire (1282–1918) anti-Semitism in, 254 Austria, 151, 179, 190 refugees, 99 Spain, 98–9, 208 Hadrian, Roman Emperor, 91 Hadrian’s Wall, 47 Hagley Park, West Midlands, 286–7 Haidt, Jonathan, 163, 229, 344, 348, 357 Haile Selassie, Emperor of Ethiopia, 72 Hamas, 365 Hangzhou, Zhejiang, 173 Hanseatic League (1358–1862), 53 Hanson, Robin, 282 Hanway, Jonas, 298 Happy Days, 294 Harari, Yuval Noah, 38 Harriot, Thomas, 150 Hartsoeker, Nicolaas, 159 Harvard Business Review, 313 Harvard University, 116, 122, 137, 253, 309, 313 Haskell, Thomas, 206 Hässelby, Stockholm, 217–18, 245 Hayashi, Stuart, 370 Hayek, Friedrich, 1, 7, 29, 300, 325 Hebrew Bible, 248–50 Hegel, Georg Wilhelm Friedrich, 288, 365 Helm, Dieter, 328, 331 Henrich, Joseph, 36 Hercules, 87 Herodotus, 132 Hewlett-Packard, 304 Higgs, Robert, 337 Hill, Christopher, 182 Hinduism, 136, 149, 354 von Hippel, William, 24, 25, 262, 284 Hippocrates, 128 Hispanic people, 110–11 Hitler, Adolf, 104–5, 353 Hobbes, Thomas, 9, 152, 226 Hofer, Johannes, 288 Holmgren, Pär, 325 Holocaust (1941–5), 109, 220 Holy Roman Empire (800–1806), 155, 181, 288 Homestead Acts, 171 Homo economicus, 34, 36 Homo erectus, 76, 267 Homo sapiens, 3, 21, 23, 30–33, 76, 259–62, 282, 371 homosexuality, 79, 113–14, 336 Homs, Syria, 82 Honeywell, 303 Hong Kong, 53, 235, 316 Hoover, Herbert, 55 horseshoes, 203 House of Wisdom, Baghdad, 136 Household Narrative, The, 297 housing, 375–6 Huguenots, 97, 99, 101, 158, 193 human rights, 87, 147, 213 humanitarianism, 204–7 Hume, David, 151, 154, 194 Hungary, 105, 190, 235, 237, 354, 357 hunkering down, 121, 165 Huns, 93 hunter-gatherer societies death rate, 9 disease and, 78 division of labour and, 29, 32, 40–41, 57 equality matching, 262–3, 265 inbreeding and, 78 isolation and, 52 migration, 73–4, 78–9 physical fallacy, 268 race and, 232 trade, 265 tyranny of cousins, 230 Huntington, Samuel, 110, 362–3, 365–6 Hussein, Saddam, 345 Hussey, Edward, 287 Hutchins, Robert Maynard, 165 Hutus, 230–31 Hypatia, 134 hyper-fast stars, 80 IBM, 305, 307, 319 Ibn al-Haytham, 156 Ibn Hayyan, Jabir, 156 Ibn Rushd, 137–8, 143, 144, 145 ice core drilling, 49 Identity & Violence (Sen), 231 identity politics, 241 al-Idrisi, Muhammad, 137 immigration birth rates and, 115 crime and, 110, 119 culture and, 69–73, 116, 119, 120–23 disgust and, 336, 371 division of labour and, 117 empires and, 84–106 European migration crisis (2015–), 10, 114, 115, 118, 342–3 exoticism, 84 GDP and, 68 innovation and, 81–4 Islam and, 112–14, 255 labour market and, 115, 116–19 opposition to, 69, 70, 114–23, 223, 254–5 productivity and, 68, 81, 117, 204 protectionism and, 66–7 self-selection and, 107, 112 skilled vs unskilled, 66, 82, 102, 116, 117 trade and, 35, 66–7, 234–5 tribalism and, 223, 235–6, 240, 243 urban vs rural areas, 114 welfare and, 118, 281 zero-sum thinking and, 254–5, 259 immigration in United States, 102–14 crime and, 110, 119 innovation and, 81–2, 202 overestimation of, 115, 223 tribalism and, 223, 240 zero-sum thinking and, 254–5, 259 In Defence of Global Capitalism (Norberg), 270 in vitro fertilization, 298–9 inbreeding, 78 India, 42, 45, 46, 56, 75, 129, 136, 140, 146, 270 Arabic numerals, 70, 137 engineering in, 269 Hindu nationalism, 354 industrialization, 207 Maurya Empire (323–184 BC), 53 Mughal Empire (1526–1857), 98, 148, 149, 215 national stereotypes, 235 Pakistan, relations with, 366 pollution in, 326 poverty in, 276, 326 Indo-European language, 75 Indonesia, 41 Industrial Revolution; industrialization, 5, 6, 13, 54, 132, 180, 339 in Britain, 182, 188–99, 202 in China, 169, 172–3, 207 climate change and, 326 in Dutch Republic, 101 in India, 207 in Japan, 71 in United States, 202, 291–2 in Vietnam, 207 inequality, 273, 349 Inglehart, Ronald, 339 ingroups and outgroups, 217–47 fluidity, 230–38 political, 224–5, 238–42 zero-sum relationships and, 252–5 Innocent III, Pope, 233 InnoCentive, 126–7 innovation, 4, 6, 10, 27, 80 ancient world, 32, 42, 44, 46 authoritarianism and, 318 bureaucratic inertia and, 318–21 canon and, 195 cities and, 40, 53, 79 creative destruction, 57, 179, 182, 190 cultural evolution, 28 immigration and 81–4 patent systems, 189–90 population and, 27, 51, 53 Schumpeterian profits, 273–5 resistance to, 10, 179–81 zero-sum thinking and, 266–9 Inquisition, 150 France, 94, 143 Portugal, 100 Spain, 97, 98 intellectual property, 58 Intergalactic Computer Network, 307 International Monetary Fund (IMF), 117 Internet, 57, 275, 278, 306–11, 312, 313 interwar generation (1928–45), 340 Inuit, 22, 51 Ionian enlightenment, 127–9 IQ (intelligence quotient), 109 Iran, 365 Ireland, 104, 108–9, 111, 112, 379 iron, 172 Isabella I, Queen of Castile, 97 Isaiah, 46 Isaura Palaia, Galatia, 90 Isenberg, Daniel, 296 Isis, 89 Islam; Islamic world Arab Spring (2011), 10, 342 clash of civilizations narrative, 237, 365 conflict within, 365 efflorescence, 6, 53, 136–41 fundamentalism, 112, 134, 139, 351 Koran, 137, 250–51 migration from, 112–14 orthodox backlash, 148–9 philosophy, 5, 13 science, 70, 132, 136–41 values in, 112, 113 Islamic State, 351, 365–6 Islamic world, 5, 6, 13, 53, 70 Israel, 111, 365 Italy, 6, 151, 169 anti-Semitism in, 254 Fascist period (1922–1943), 105 Genoa, Republic of (1005–1797), 73, 178 guilds in, 190 Lombard League (1167–1250), 181 Ötzi, 1–2, 8–9, 73, 74 Padua, 144, 146 Papacy in, 155, 181 Renaissance, 6, 150, 153, 169 United States, migration to, 104, 109 Venice, Republic of (697–1797), 53, 144, 152, 174, 181 Jacobs, Jane, 39–40, 79, 264 James II and VII, King of England, Scotland and Ireland, 185–6 Jamestown, Virginia, 200 Japan housing in, 376 kimonos, 73 Meiji Restoration (1868), 53, 70–71 protectionism, 314 Tokugawa Shogunate (1600–1868), 54 United States, migration to, 104, 236, 335 Japanning, 156 JavaScript, 310 jealous emulation, 154–7 jeans, 73 Jefferson, Thomas, 103, 184, 201, 205 Jenner, Edward, 296 Jerusalem, 87, 251 Jesus, 250 Jews in Abbasid Caliphate, 136 anti-Semitism, 254–5, 356 Ashkenazim, 99 Babylonian captivity, 87, 249 Bible, 46, 72, 248–50 Black Death and, 355–6 in Britain, 101, 193 in Dutch Republic, 99, 100, 150 in Germany, 99, 104–6, 109, 111, 254 Inquisition and, 97, 98 in Israel, 111 Mongol invasion and, 95 Muhammed and, 251 Nazirites, 72 in Ottoman Empire, 98 persecution of, 11, 95–7, 109, 220, 233, 251, 355–6 in Poland, 111, 220 in Roman Empire, 90, 93, 94 Sephardim, 99 in Song Empire, 170 in Spain, 97, 98, 99, 140 in United States, 102, 109 Jim Crow laws (1877–1965), 106, 254 Job Buddy, 375 Jobless Future, The (Aronowitz), 312 Jobs, Steven, 82, 304 John Chrysostom, 135 John III Sobieski, King of Poland, 237, 238 Johnson, Samuel, 191, 197 Johnson, Steven, 306 Jones, Rhys, 51 Joule, James Prescott, 196 Judaism, 46, 72, 93, 94, 96, 97 Jupiter, 145 Jurchen people, 172 Justinian I, Byzantine Emperor, 134, 224 Kahn, Robert, 307 Kandinsky, Wassily, 220–21, 289 Kant, Immanuel, 154 Karakorum, Mongol Empire, 96 al-Karaouine, Morocco, 137 Kearney, Denis, 109 keels, 44 Kenya, 21–2 Khayyam, Omar, 137 al-Khwarizmi, 137 Kiesling, Lynne, 328 Kim Jong-il, 314–15 kimonos, 73 King, Martin Luther, 19 King, Steven, 111 Kipling, Rudyard, 70 Klee, Paul, 220–21, 289 Know-Nothings, 108–9 Kodak, 319 Koran, 137, 250–51 Kramer, Samuel Noah, 37, 292 Krastev, Ivan, 342–3 Krugman, Paul, 309 Ku Klux Klan, 254 Kublai Khan, 174 Kurds, 136 Kushim, 37–8 labour mobility, 69, 374–7 lacquerware, 156 lactose, 75 Lao Tzu, 129 lapis lazuli, 70 Late Bronze-Age Collapse (1200–1150 BC), 44, 49, 54 Lebanon, 43, 236 Lee, William, 179 leisure, 199 Lenin, Vladimir, 256 Lesbos, 141 Levellers, 183–4, 186 Leviathan (Hobbes), 152 Levinovitz, Alan Jay, 290 Levy, David, 205 Lewis, David Levering, 140 Libanius, 49 liberalism, 14, 183, 334–40 colonialism and, 214 disgust and, 335, 336 dynamism and, 301 economic, 185, 336 Islam and, 112–14 security and, 334–40, 378 slave trade and, 205 universities and, 163 Libya, 48, 89, 366 Licklider, Joseph Carl Robnett, 307 life expectancy, 4, 169, 339 light bulbs, 297 Lilburne, John, 183 Lincoln, Abraham, 203 Lind, Amanda, 72 Lindsey, Brink, 301 literacy, 15, 57, 168 in Britain, 188, 198 in China, 148 in Dark Ages, 50 empathy and, 246–7 in Greece, 128–9 in Renaissance, 146, 148 Lithuania, 238 Little Ice Age, 148 lobbying, 280, 329 Locke, John, 100, 152, 185, 186, 201 Lombard League, 181 London, England, 190, 193–4, 197 7/7 bombings (2005), 341 London Bridge stabbings (2019), 120 Long Depression (1873–86), 253–4 Lord of the Flies (Golding), 219, 243, 244 Lord’s Resistance Army, 365 Louis IX, King of France, 96 Louis XIV, King of France, 237 Louis XVI, King of France, 201 love, 199 Lucas, Robert, 167 Lucy, 24–5 Lugh, 89 Lul, 111 Luther, Martin, 150, 356 Lutheranism, 99, 356 Lüthi, Max, 351 Lysenko, Trofim, 162 Lyttelton family, 286 Macartney Mission (1793), 176 Macedonian Empire (808–148 BC), 84, 87–9 Madison, James, 337 madrasas, 138 Madrid train bombings (2004), 341 Maduro, Nicolás, 354, 380 Magna Carta (1215), 5 Magris, Claudio, 219 Malacca, 100 Maltesholm School, Hässelby, 217–18, 245 mammoths, 76 Manchester United, 246 Manichaeism, 93 Mann, Thomas, 79 Mansfield, Edward, 271 Mao Zedong, 53, 162, 315, 316, 317, 355 Marcus Aurelius, Roman Emperor, 91 Marduk, 87 de Mariana, Juan, 147 markets, 37 humanitarianism and, 204, 206 immigration and, 68 tribalism, 247 ultimatum game, 34–5 Marley, Robert ‘Bob’, 72 marriage, 199 Marshall, Thurgood, 335 Marx, Karl, 33, 36, 162, 169, 247, 255–6 Marxism, 33, 36, 162, 182, 256, 268 Mary II, Queen of England, Scotland and Ireland, 186, 193 Maryland, United States, 349 Maslow, Abraham, 339, 341 al-Masudi, 136 mathematics, 70, 134, 135, 137, 156 Maurya Empire (323–184 BC), 53 Mauss, Marcel, 71 McCarthy, Joseph, 335 McCarthy, Kevin, 108 McCloskey, Deirdre, 167, 189, 191–2, 198 McConnell, Addison Mitchell ‘Mitch’, 108 McKinsey, 313 measles, 77 media, 346–9, 370 Medicaid, 119 Medina, 251 Medusa, 88 Meiji Restoration (1868), 53, 70–71 Mencken, Henry Louis, 325, 353 Mercury, 89 Merkel, Angela, 343 Mesopotamia, 37–43, 45, 70, 292–3 Metaphysics (Aristotle), 142 Mexico, 73, 77, 257 United States, migration to, 110, 122, 223, 240, 255 Miami, Florida, 120 Micro-80 computers, 304 Microsoft, 305–6, 309 middle class, 60–61 Migration Advisory Committee, UK, 118 Miletus, 127 militarism, 214 Mill, John Stuart, 124, 160, 164, 176, 319 millennial generation (1981–96), 340 Milton, John, 150 Ming Empire (1368–1644), 54, 148, 175, 177–8, 179, 215 minimal group paradigm, 220–22 Minitel, 313 Mobutu Sese Seko, 187 Mokyr, Joel, 157, 195, 196–7 Molyneux, Stefan, 84 Mongol Empire (1206–1368), 53, 84, 94–7, 138, 139, 173–4, 352–3 monopolies, 182, 189 Monte Testaccio, 48 Montesquieu, 89, 94 Moral Consequences of Growth, The (Friedman), 253 Moral Man and Immoral Society (Niebuhr), 253 Moriscos, 97 mortgages, 375 Moscow Institute of Electronic Engineering, 304 most-favoured-nations clause, 53–4 Mughal Empire (1526–1857), 98, 148, 149, 215 Muhammed, Prophet of Islam, 251 Murray, William Vans, 104 Muslims migration of, 112–14, 170, 255 persecution of, 97, 106, 233, 355 Mutz, Diana, 271 Mycenae, 88 Myth of Nations, The (Geary), 288–9 Myth of the Rational Voter, The (Caplan), 258 Naipaul, Vidiadhar Surajprasad, 167 Napoleonic Wars (1803–15), 288 National Aeronautics and Space Administration (NASA), 126, 127 National Library of Medicine, US, 12 National Science Foundation, US, 313 National Security Agency, US, 313 national stereotypes, 235 nationalism, 9, 11, 13, 16 civic nationalism, 377–8 clash of civilizations narrative, 237 cultural purity and, 69, 70, 71, 352 immigration and, 69, 70, 82 nostalgia and, 287–8, 351 World War I (1914–18), 214 zero-sum thinking, 253, 254, 259, 272 nativism, 14, 122, 176, 223, 254, 349–51, 358 Natural History Museum, London, 124, 125 Naturalism, 198 Nazi Germany (1933–45), 104–6, 109, 124, 220, 233, 353 Nazirites, 72 Neanderthals, 30–33, 75, 76 Nebuchadnezzar, Babylonian Emperor, 46 neckties, 72 negative income tax, 374–5 Neilson, James Beaumont, 194 Nemeth, Charlan, 83 Neo-Classicism, 198 Neolithic period (c. 10,000–4500 BC), 74 Netflix, 309, 310 Netherlands, 99 von Neumann, John, 105 neurasthenia, 291 New Atlantis (Bacon), 147 New Guinea, 41 New Testament, 250 New York, United States crime in, 246, 334 September 11 attacks (2001), 10, 114, 340–42 New York Times, 291, 297, 325 New York University, 223 New York Yankees, 223 Newcomen, Thomas, 196 Newton, Isaac, 158–9, 201 Nicomachean Ethics (Aristotle), 131 Niebuhr, Reinhold, 253 Nietzsche, Friedrich, 365 Nîmes, France, 73 Nineteen Eighty-Four (Orwell), 230, 368 Nineveh, Assyria, 248–9 Nixey, Catherine, 134 Nobel Prize, 82, 105, 276 non-market societies, 34, 35 Nordhaus, William, 273–4 North American Free Trade Agreement (NAFTA), 63, 64 North Carolina, United States, 102 North Korea, 54, 314–15, 366 North Star, 44 nostalgia, 14, 286–95, 313, 351 Not Fit for Our Society (Schrag), 107 novels, 188–9, 246–7 nuclear power, 301, 327, 328, 329, 332 nuclear weapons, 105, 290, 306 O’Rourke, Patrick Jake, 280 Oannes, 267 Obama, Barack, 66, 240, 329 obsidian, 22, 29 occupational licensing, 376–7 Ögedei Khan, 96 Ogilvie, Sheilagh, 179 Oklahoma, United States, 218–19 Old Testament, 46, 72, 248–50 olive oil, 48 Olorgesailie, 21–2 omnivores, 299 On Liberty (Mill), 160 one-year-old children, 26 open society, 6 open-mindedness, 35, 112 Opening of the mouth’ rite, 70 Orbán, Viktor, 354, 380 de Orta, Garcia, 146–7 Orwell, George, 230, 368 Osman II, Ottoman Sultan, 148 Ottoman Empire (1299–1923), 84, 94, 98, 148, 215, 220, 237, 353 Ötzi, 1–2, 8–9, 73, 74 overpopulation, 81, 160 Overton, Richard, 183 Pacific islands, 52 Paine, Thomas, 56, 158, 247 Pakistan, 70, 366 Pallas Athena, 89 Pallavicino, Ferrante, 150 Palmer, Tom Gordon, 15 Panthers and Pythons, 243–4 Papacy, 102, 142, 143, 152, 155, 178 Papin, Denis, 179, 180 Paris, France exiles in, 152, 153 University of Paris, 140, 141–2, 143 parochialism, 216 patent systems, 58, 82, 189–90, 203, 314 in Britain, 179, 189–90, 203, 314 in China, 58 in France, 189 immigrants and, 82 in Netherlands, 189 in United States, 203 PayPal, 310 Peasants’ Revolt (1381), 208 peer review, 127 Pence, Michael, 108 penny universities, 166 Pericles, 131 Permissionless Innovation (Thierer), 299 Perry, Gina, 243 Perseus, 87–8 Persia, ancient, 84, 86–7, 88, 95, 129, 215 Abbasid period (750–1258), 136 Achaemenid Empire (550–330 BC), 86–7, 88 Greeks, influence on, 129 Mongols, influence on, 95 Safavid Empire (1501–1736), 149 Sasanian Empire (224–651), 134 personality traits, 7 Pertinax, Roman Emperor, 91 Pessimists Archive, 290, 297, 298 Pessinuntia, 89 Peters, Margaret, 66 Peterson Institute for International Economics, 60 Petty, William, 296 Philip II King of Spain, 98 Phoenicia (2500–539 BC), 43–6, 49, 70, 128–9 Phoenicia dye, 44 Phrygians, 89 physical fallacy, 267–8 Physics (Aristotle), 142 Pietists, 153 Pinker, Steven, 23, 243, 266, 324 Plague of Justinian (541–750), 77 Plato, 130, 131, 132, 134, 352 pluralism, 85, 129, 357 Plutarch, 45–6 Poland Battle of Vienna (1683), 237, 238 Dutch Republic, migration to, 99 Holocaust (1941–5), 220 immigration, 116 Israel, migration to, 111 United Kingdom, migration to, 120 United States, migration to, 108, 109 Polanyi, Karl, 37 polio, 293 pollution, 326, 347 Polo, Marco, 174 Popper, Karl, 6, 26, 127, 129, 130, 182–3, 237, 362 population density, 28 populism, 9, 13, 14, 16, 324, 379–82 authoritarianism and, 325, 350–51 complexity and, 324 nostalgia and, 295, 324, 351 trade and, 19 zero-sum thinking and, 254, 259, 274 pornography, 113, 336 Portugal Empire (1415–1999), 100, 146–7, 178 guilds in, 190 Inquisition, 100 Postrel, Virginia, 300, 312, 326 pound locks, 172 poverty, 4, 168, 213, 270 in Britain, 256 in China, 4, 316 immigration and, 66, 69, 81, 121 in Japan, 71 Jeff Bezos test, 275–9 Preston, Lancashire, 190 priests, 41, 128 printing, 146, 153, 171 Pritchard, James Bennett, 43 productivity cities and, 40 foreign trade and, 57, 59, 63 free goods and, 278 immigration and, 68, 81, 117, 204 programming, 8 Progress (Norberg), 12–13 progressives, 286, 300–302 Proserpina, 89 protectionism, 13, 15, 16, 54–5 Great Depression (1929–39), 54–5 immigration and, 66–7 Internet and, 314 Trump administration (2017–), 19, 57–8 Protestantism, 99, 104, 148, 149, 153, 169, 178, 237 Prussia (1701–1918), 153, 288 Psychological Science, 335 Puerto Rico, 80 Pufendorf, Samuel, 147 purchasing power, 59, 61, 63, 66, 198 Puritanism, 99, 102 Putin, Vladimir, 14, 353–4 Putnam, Robert, 121, 165 Pythagoras, 137 Pythons and Panthers, 243–4 al-Qaeda, 351 Qianlong, Qing Emperor, 153 Qing Empire (1644–1912), 148, 149, 151, 153, 175–7, 179 Quakers, 99, 102, 206 Quarantelli, Enrico, 338 Quarterly Journal of Economics, The, 63 race; racism, 76–7, 206, 231–4, 358–9 railways, 53, 179, 202, 296, 297 Rammstein, 274 RAND Corporation, 307 Raphael, 137 Rastafari, 72 Rattlers and Eagles, 218–19, 236, 243, 252 reactive aggression, 227–8 Reagan, Ronald, 63, 111 Realism, 198 realistic conflict theory, 222 Reconquista (711–1492), 139 Red Genies, 236 Red Sea, 75 Reformation, 148, 155 refugees crime and, 119 European migration crisis (2015–), 10, 114, 115, 281, 342–3 integration of, 117–18 German Jews (1933–45), 104–6, 109 Rembrandt, 99 reminiscence bump, 294 Renaissance, 5, 6, 132, 143, 145–6, 149–50, 215 Republic of Letters, 157–9, 165, 195 Republic, The (Plato), 352 Republican Party, 164, 225, 238, 240, 301 Reynell, Carew, 184 Reynolds, Glenn, 308 Ridley, Matthew, 20–21, 80 right to work laws, 65 Rizzo, Frank, 334 Road to Serfdom, The (Hayek), 325 Robbers Cave experiment (1954), 218–19, 236, 243, 252, 371 Robbins, Caroline, 200–201 Robertson, Marion Gordon ‘Pat’, 114 Robinson, James, 185, 187, 200 rock paper scissors, 26 Rogers, Will, 282 Roman Law, 5 Romanticism, 198, 287, 296–7 Rome, ancient, 47–50, 89–94, 132 Antonine Plague (165–80), 77 assimilation, 91–2 chariot racing, 224 Christianity in, 90, 93–4, 133–4 citizenship, 91 cosmopolitanism, 89–91 fall of, 54, 94 gods in, 89–90 golden nugget theory, 5 globalization, 45–6, 47–50 haircuts, 72 Latin alphabet, 45 philosophy, 70, 136 Phoenicians, relations with, 43, 44 Sabines, relations with, 89 Social War (91–88 BC), 91 trousers, attitudes towards, 92 Romulus, 89, 90 Rotterdam, Holland, 158 Rousseau, Jean-Jacques, 226 Royal Navy, 205 Royal Society, 156, 157, 158, 196 Rubin, Paul, 258 ruin follies, 286–7 rule of law, 68, 189, 269, 334, 343, 358, 379 Rumbold, Richard, 183–4 Rushdie, Salman, 73 Ruskin, John, 206, 297 Russia Imperial period (1721–1917), 154, 289–90 Israel, migration to, 111 Mongol period (1237–1368), 95, 352 Orthodox Christianity, 155 Putin period (1999–), 14, 15, 347, 353–4, 365, 367 Soviet period (1917–91), 162, 302–5, 315, 317 United States, relations with, 236 Yamnaya people, 74–5 Rust Belt, 58, 62, 64–6, 349 Rwandan Genocide (1994), 230–31 Sabines, 89 Safavid Empire (1501–1736), 149 safety of wings, 374 Saint-Sever, France, 180 Salamanca school, 147, 150 Sanders, Bernard, 302 Santa Fe Institute, 216 SARS (severe acute respiratory syndrome), 3, 162 Saudi Arabia, 365 Scandinavia Bronze Age migration, 75 Neolithic migration, 74 United States, migration to, 104, 108 see also Sweden scapegoats, 11, 83, 253, 268, 349, 355–61 Black Death (1346–53), 352, 355–6 Great Recession (2007–9), 255 Mongol invasion (1241), 95 Schmandt-Besserat, Denise, 38 School of Athens, The (Raphael), 137 School of Salamanca, 147, 150 Schrag, Peter, 107 Schrödinger, Erwin, 105, 128, 129, 132 Schumpeter, Joseph, 277 Schumpeterian profits, 273–5 science, 127–66 in China, 4, 13, 70, 153, 156, 162–3, 169–73 Christianity and, 133–5, 141–6, 149–50 Enlightenment, 154–9 experiments, 156–7 Great Vanishing, 134–5 in Greece, 127–32 jealous emulation and, 154–7 in Islamic world, 70, 132, 136–41 Renaissance, 145–6 Republic of Letters, 157–9, 165, 195 sclera, 25 Scotland, 101, 194 Scotney Castle, Kent, 287 Sculley, John, 304 sea peoples, 43 sea snails, 44 Seinfeld, Jerry, 224 Seleucid Empire (312–63 BC), 88 self-esteem, 372, 379 Sen, Amartya, 231 Seneca, 49, 91 Sephardic Jews, 99 September 11 attacks (2001), 10, 114, 340–42, 363 Septimius Severus, Roman Emperor, 91 Servius, Publius, 90 Seven Wonders of the World, 45 Seville, Spain, 91, 139 sex bonobos and, 226 encoding and, 233 inbreeding, 78 views on, 113, 336 SGML (Standard Generalized Markup Language), 307 Shaftesbury, Lord, see Cooper, Anthony Ashley Sherif, Muzafer, 219, 220, 222, 243, 252 Shia Islam, 149 Shining, The, 335 shirts, 72 Siberia, 76 Sicily, 89 Sierra Leone, 365 Siger of Brabant, 143, 144 Sikhism, 149 Silicon Valley, 311 Silk Road, 171, 174, 352 silver processing, 49 Simler, Kevin, 282 Simmel, Georg, 266 Simon, Julian, 81 Simple Rules for a Complex World (Epstein), 320 Singapore, 53 skilled workers, 36, 45, 66, 95, 97, 101, 117 Slater, Samuel, 202 slavery, 86, 156, 205–6, 232 in British Empire, 182, 199, 200, 205 in Mesopotamia, 40, 41, 43 in Rome, 47, 48 in Sparta, 54 in United States, 103, 106, 205, 232 smallpox, 77, 197, 293, 296 Smith, Adam, 21, 59, 192, 194, 205, 280 Smith, Fred, 319 smoke detectors, 234 Smoot–Hawley Tariff Act (1930), 55 snack boxes, 20 Snow, Charles Percy, 105 social media, 239, 347, 370 social status, 281–5 Social War (91–88 BC), 91 Socrates, 130, 131–2, 330 solar power, 328, 329, 331, 332 Solomon, King of Israel, 38, 45 Solyndra, 329 Song Empire (960–1279), 53, 169–75 Sony, 319 Soros, George, 323 South Korea, 314, 366 South Sudan, 365 Soviet Union (1922–91), 162, 302–5, 315, 317 Sovu, Rwanda, 231 Sowell, Thomas, 267–8 Spain, 97–101, 184, 207 Almohad Caliphate (1121–1269), 137–8 amphorae production, 48 al-Andalus (711–1492), 97, 137–9, 140 Columbus’ voyages (1492–1503), 178 Dutch Revolt (1568–1648), 98–9, 101 Empire (1492–1976), 147, 178, 182 guilds in, 190 Inquisition (1478–1834), 97, 98 Jews, persecution of, 97–8, 106, 140 Madrid train bombings (2004), 341 Muslims, persecution of, 97, 106 Reconquista (711–1492), 97, 138–9, 140 regional authorities, 152 Roman period (c.218 BC–472 AD), 48, 91 Salamanca school, 147, 150 sombreros, 73 Uber in, 320 vaqueros, 73 Spanish flu (1918–19), 77 Sparta, 47, 54, 90, 132 Spencer, Herbert, 165, 214 Spinoza, Baruch, 100, 150, 153 Spitalfields, London, 190 sports, 199, 223–4, 232–3, 245–6 Sri Lanka, 100, 365 St Bartholomew’s Day massacre (1572), 97 St Louis, SS, 109 Standage, Tom, 166 Stanford University, 307, 311 Star Trek, 246, 259 stasists, 301–2 Statute of Labourers (1351), 208 steam engine, 179, 180, 189, 194, 203, 296 steamships, 53, 202 Stenner, Karen, 242, 343, 348, 350, 357 Stockholm, Sweden, 217–18 Stranger Things, 294 Strasbourg, France, 153 strategic tolerance, 86–96 Strindberg, August, 239 Suarez, Francisco, 147 suits, 72 Sumer (4500–1900 BC), 37–43, 45, 55, 292–3 Summers, Larry, 329 Sunni Islam, 148, 149, 238, 365 superpowers, 338–9 supply chains, 11, 62, 66 Sweden DNA in, 73 Green Party, 325 Lind dreadlocks affair (2019), 72 immigration in, 114, 115, 118, 281 manufacturing in, 65 Muslim community, 114 Neolithic migration, 74 refugees in, 118, 281, 342 United States, migration to, 107 Sweden Democrats, 281 swine flu, 3 Switzerland, 152, 153 Sylvester II, Pope, 137 Symbolism, 198 Syria, 42, 82, 342, 365, 366 tabula rasa, 225 Tacitus, 91 Taiwan, 316, 366 Taizu, Song Emperor, 170 Tajfel, Henri, 220, 221–2 Tandy, Geoffrey, 124–6 Tang Empire (618–907), 84, 170, 177, 352 Tanzania, 257 Taoism, 129, 149 tariffs, 15, 56, 373 Anglo–French Treaty (1860), 53–4 Great Depression (1929–39), 54–5 Obama’s tyre tariffs (2009), 66 Trump’s steel tariffs (2018), 272 Tasmania, 50–53, 54 Tatars, 238 taxation in Britain, 72, 187, 188, 189 carbon tax, 330–31 crony capitalism and, 279–80 immigration and, 69 negative income tax, 374–5 in Song Empire, 172 in Spanish Netherlands, 98 Taylor, Robert, 306 TCP/IP protocol, 307 technology, 296–9 automation, 63, 312–13 computers, 302–14 decline, 51–2 Internet, 57, 275, 278, 306–11, 312 nostalgia and, 296–9, 313 technocrats, 299–300, 312, 313–14, 326–9 technological decline, 51–2 telescopes, 145–6 Teller, Edward, 105 Temple of Artemis, Ephesus, 45 Temple of Serapis, Alexandria, 134 Tencent, 311 terrorism, 10, 114, 229, 340–41, 363 Tetlock, Philip, 160 textiles, 172–3 Thales, 127 Thierer, Adam, 299 third-party punishment game, 35 Thirty Years War (1618–48), 72, 97, 148, 150 Thomas Aquinas, Saint, 142–3, 144–5 Thoreau, Henry David, 203 Thracians, 130 Thucydides, 131, 132 Tiangong Kaiwu, 153 Tibetans, 85 Tierra del Fuego, 52–3 Tigris river, 37, 139 Timurid Empire (1370–1507), 139 tin, 42 Tokugawa Shogunate (1600–1868), 54 Toledo, Spain, 140 tolerance, 86–114, 129 Tomasello, Michael, 25 ‘too big to fail’, 280 Tower of Babel, 39 Toynbee, Arnold, 382 trade, 13, 19–23, 28–9, 129, 140, 363, 373 backlashes against, 19, 54–67, 254 benefit–cost ratio, 60, 61, 62 Britain, 181–99 competitive advantage, 28–9 division of labour and, 28, 31, 57 Great Depression (1929–39), 54–5 Greece, ancient, 47 humanitarianism and, 204–7 Mesopotania, 37–43 migration and, 35, 66–7, 234–5 morality of, 33–6 Phoenicia, 43–6 Rome, ancient, 47–50 snack boxes, 20 United States, 19, 57–8, 202–3 zero-sum thinking and, 248, 252–66, 270–72 trade unions, 64, 65, 272, 374 Trajan, Roman Emperor, 91 Trans-Pacific Partnership, 58 Transparency International, 381 Treaty of Trianon (1920), 354 Treaty of Versailles (1919), 353 Trenchard, John, 201 Treschow, Michael, 65 Trevor-Roper, Hugh, 215, 356 tribalism, 14, 217–47, 362, 368–72 fluid, 230–38 political, 224–5, 238–42, 378, 379 media and, 348, 370 threats and, 241, 350, 370 Trollboda School, Hässelby, 218 Trump, Donald, 9, 14, 240, 313, 321, 322, 354, 365, 367, 380 immigration, views on, 223 presidential election (2016), 238, 241, 242, 349, 350 stasism, 301, 302 steel tariffs (2018), 272 trade, views on, 19, 57–8 zero-sum attitude, 248 Tunisia, 45, 48 Turing, Alan, 124 Turkey; Turks, 70, 74, 136, 156, 354, 357, 365 turtle theory, 121–2 Tutsis, 230–31 Twilight Zone, The, 260–61 Twitter, 84, 239, 245 Two Treatises of Government (Locke), 186, 201 tyranny of cousins, 229, 230 tyre tariffs, 66 Tyre, 45 Uber, 319–20 Uganda, 365 Ukraine, 75, 116, 365 ultimatum game, 34–6 umbrellas, 298 uncertainty, 321–6 unemployment, 62, 373–4, 376, 377 ‘unicorns’, 82 United Auto Workers, 64 United Kingdom, see Britain United Nations, 327 United States, 199–203 Afghanistan War (2001–14), 345 America First, 19, 272 automation in, 313 Bureau of Labor Statistics, 65 California Gold Rush (1848–1855), 104 China, trade with, 19, 57, 58–9, 62–3, 64 Chinese Exclusion Act (1882), 254 citizenship, 103 Civil War (1861–5), 109 climate change polices in, 328 Constitution (1789), 102, 202 consumer price index, 277 COVID-19 pandemic (2019–20), 12 crime in, 110, 119, 120, 346 Declaration of Independence (1776), 103, 201, 202 dynamism in, 301–2 Federalist Party, 103 free trade gains, 60, 61 Great Depression (1929–39), 54–5, 254 gross domestic product (GDP), 257 Homestead Acts, 171 housing in, 376 immigration, see immigration in United States Industrial Revolution, 202, 291–2 innovation in, 53, 203, 298–9 intellectual property in, 58 Internet in, 306–14 Iraq War (2003–11), 345 Jim Crow laws (1877–1965), 106, 254 Know-Nothings, 108–9 Ku Klux Klan, 254 labour mobility in, 374, 376–7 lobbying in, 280, 329 Manhattan Project (1942–6), 105 manufacturing, 62–6 McCarthy era (1947–57), 335 Medicaid, 119 middle class, 60–61 NAFTA, 63, 64 National Library of Medicine, 12 national stereotypes, 235, 236 nostalgia in, 290–92, 294 open society, 169, 199–203 patent system, 203 political tribalism in, 224–5, 238, 240 populist movement, 254 presidential election (2016), 238, 241, 242, 349, 350 railways, 202 Revolutionary War (1775–83), 102–3, 200–201 Robbers Cave experiment (1954), 218–19, 236, 243, 252, 371 Rust Belt, 58, 62, 64–6, 349 Saudi Arabia, relations with, 365 Senate, 108 September 11 attacks (2001), 10, 114, 340–42, 363 slavery in, 103, 106, 205 Smoot–Hawley Tariff Act (1930), 55 Supreme Court, 108, 335 tariffs, 66, 272 trade deficits, 60, 270 Trump administration (2017–), see Trump, Donald unemployment in, 373, 376 universities, 163–5, 241 Vietnam War (1955–75), 345 Watergate scandal (1972–4), 345 World War II (1939–45), 56, 64, 335 Yankees, 58 United Steelworkers, 64, 272 universal basic income (UBI), 374, 375 universities, 140 University Bologna, 140 University of California, Berkeley, 311 University of Cambridge, 140 University of Chicago, 165 University of Leeds, 357 University of London, 201 University of Marburg, 153 University of Oxford, 140, 144, 145, 328 University of Padua, 144, 146 University of Paris, 140, 141–2, 143 University of Pennsylvania, 271 University of Salamanca, 140 University of Toulouse, 144 unskilled workers, 36, 66, 102, 117 untranslatable words, 288 Ur, 55 urbanization, see cities Uruk, Sumer, 39 US Steel, 64 Usher, Abbott Payson, 196 Uyghurs, 85, 174 vaccines, 12, 296, 299 Vandals, 92 Vanini, Lucilio, 150 vaqueros, 73 Vargas Llosa, Mario, 213, 261 Vatican Palace, 137 Vavilov, Nikolai, 162 Venezuela, 354 Venice, Republic of (697–1797), 53, 144, 152, 174, 181 Vermeer, Johannes, 99 Vespucci, Amerigo, 146 Vienna, Austria, 95, 237, 238 Vienna Congress (1815), 288 Vietnam, 171, 207, 270, 345 Virgil, 91 Virginia Company, 200 vitamin D, 74 de Vitoria, Francisco, 147 Vladimir’s choice, 221, 252, 271 Voltaire, 153, 193 Walton, Sam, 277 Wang, Nina, 315 War of the Polish Succession (1733–8), 289–90 Ward-Perkins, Bryan, 50 warfare, 216–17, 243 Warren, Elizabeth, 302 washing of hands, 10, 335 Washington, George, 103, 205 Washington, DC, United States, 280 Watergate scandal (1972–4), 345 Watson, John, 291 Watson, Peter, 79 Watt, James, 172, 189, 194, 274 Weatherford, Jack, 95 Web of Science, 159 Weber, Maximilian, 204 WeChat, 311 Weekly Standard, 312 welfare systems, 118, 281, 374 Wengrow, David, 42 West Africa Squadron, 205 Western Roman Empire (395–480), 94, 135 Westernization, 4–5 Wheelan, Charles, 20 Whig Party, 185, 201 White House Science Council, 313 white supremacists, 84, 351, 367 Whitechapel, London, 190 Who Are We?


pages: 165 words: 48,594

Democracy at Work: A Cure for Capitalism by Richard D. Wolff

asset-backed security, Bear Stearns, Bernie Madoff, business cycle, collective bargaining, Credit Default Swap, declining real wages, feminist movement, financial intermediation, Glass-Steagall Act, green new deal, Howard Zinn, income inequality, John Maynard Keynes: technological unemployment, laissez-faire capitalism, means of production, military-industrial complex, moral hazard, mortgage debt, Occupy movement, Ponzi scheme, profit maximization, quantitative easing, race to the bottom, Ronald Reagan, too big to fail, trickle-down economics, wage slave, women in the workforce, Works Progress Administration

If governments required product labels to reflect the organization of their production, consumers’ purchases of WSDE versus capitalist commodities would be votes for WSDE and against capitalist enterprises. Finally, consider the mutual gains from a possible alliance between supporters of WSDEs and supporters of a “green” New Deal. They might press jointly for a federal jobs program addressing both their goals. Both of them could likewise join those concerned with other specific outputs a federal jobs program might target (for example, child and elder care, cultural enrichment of the sort achieved by the Works Progress Administration in the 1930s, and so on).


pages: 194 words: 56,074

Angrynomics by Eric Lonergan, Mark Blyth

AlphaGo, Amazon Mechanical Turk, anti-communist, Asian financial crisis, basic income, Ben Bernanke: helicopter money, Berlin Wall, Bernie Sanders, Big Tech, bitcoin, blockchain, Branko Milanovic, Brexit referendum, business cycle, Capital in the Twenty-First Century by Thomas Piketty, central bank independence, collective bargaining, COVID-19, credit crunch, cryptocurrency, decarbonisation, deindustrialization, diversified portfolio, Donald Trump, Erik Brynjolfsson, Extinction Rebellion, fake news, full employment, gig economy, green new deal, Greta Thunberg, hiring and firing, Hyman Minsky, income inequality, income per capita, Jeremy Corbyn, job automation, labour market flexibility, liberal capitalism, lockdown, low interest rates, market clearing, Martin Wolf, Modern Monetary Theory, precariat, price stability, quantitative easing, Ronald Reagan, secular stagnation, self-driving car, Skype, smart grid, sovereign wealth fund, spectrum auction, The Future of Employment, The Great Moderation, The Spirit Level, universal basic income

Cooperation between fiscal and monetary authorities using a system of dual interest rates can supercharge the finance of alternative energy and regional development. We also propose a new fiscal rule, which is not just prudent, but consigns austerity to history, and provides ample scope to finance various forms of a “Green New Deal”. We want to tackle wealth inequality without stifling genuine innovation. We want to encourage technological change and higher productivity, while securing decent, stable livelihoods for all in society. We demand that the planet thrive for our children. Contrary to a great deal of populist pessimism, these objectives are complimentary and require neither new borders nor economic regression.


pages: 655 words: 156,367

The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era by Gary Gerstle

2021 United States Capitol attack, A Declaration of the Independence of Cyberspace, affirmative action, Affordable Care Act / Obamacare, air traffic controllers' union, Airbnb, Alan Greenspan, Alvin Toffler, anti-communist, AOL-Time Warner, Bear Stearns, behavioural economics, Bernie Sanders, Big Tech, Black Lives Matter, blue-collar work, borderless world, Boris Johnson, Brexit referendum, British Empire, Broken windows theory, business cycle, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, collective bargaining, Cornelius Vanderbilt, coronavirus, COVID-19, creative destruction, crony capitalism, cuban missile crisis, David Brooks, David Graeber, death from overwork, defund the police, deindustrialization, democratizing finance, Deng Xiaoping, desegregation, Dissolution of the Soviet Union, Donald Trump, Electric Kool-Aid Acid Test, European colonialism, Ferguson, Missouri, financial deregulation, financial engineering, Francis Fukuyama: the end of history, Frederick Winslow Taylor, full employment, future of work, Future Shock, George Floyd, George Gilder, gig economy, Glass-Steagall Act, global supply chain, green new deal, Greenspan put, guns versus butter model, Haight Ashbury, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, Ida Tarbell, immigration reform, informal economy, invention of the printing press, invisible hand, It's morning again in America, Jeff Bezos, John Perry Barlow, Kevin Kelly, Kitchen Debate, low interest rates, Lyft, manufacturing employment, market fundamentalism, Martin Wolf, mass incarceration, Menlo Park, microaggression, Mikhail Gorbachev, military-industrial complex, millennium bug, Modern Monetary Theory, money market fund, Mont Pelerin Society, mortgage debt, mutually assured destruction, Naomi Klein, neoliberal agenda, new economy, New Journalism, Northern Rock, obamacare, Occupy movement, oil shock, open borders, Peter Thiel, Philip Mirowski, Powell Memorandum, precariat, price stability, public intellectual, Ralph Nader, Robert Bork, Ronald Reagan, scientific management, Seymour Hersh, sharing economy, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, social distancing, Steve Bannon, Steve Jobs, Stewart Brand, Strategic Defense Initiative, super pumped, technoutopianism, Telecommunications Act of 1996, The Bell Curve by Richard Herrnstein and Charles Murray, The Chicago School, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thomas L Friedman, too big to fail, Uber and Lyft, uber lyft, union organizing, urban decay, urban renewal, War on Poverty, Washington Consensus, We are all Keynesians now, We are the 99%, white flight, Whole Earth Catalog, WikiLeaks, women in the workforce, Works Progress Administration, Y2K, Yom Kippur War

But his poor handling of the withdrawal of US forces from Afghanistan in August 2021 suggested to many Americans that he did not.40 Biden, moreover, needed to surmount at least three other challenges if he was going to turn his 2020 victory into something more enduring. The first challenge concerned the climate crisis bringing droughts and fires, hurricanes and floods, and rapidly swelling streams of refugees fleeing lands no longer habitable. Biden made the achievement of a Green New Deal central to his agenda. It is not yet clear, however, whether any democratically elected leader will be able to marshal levels of popular support sufficient to uproot industries and ways of living that must be ended if global warming is to be stopped. The New Deal never faced an existential question of this sort.

Vitale (1962), 118–19 entrepreneurialism, 4–5, 210 Environmental Protection Act (1970), 112–13, 125 Environmental Protection Agency, 114–15 environmental rights, 124–25 Episcopalianism, 208 Epstein, Richard, 124–25 Equal Employment Opportunity Commission, 114–15 Equal Opportunity Employment Act (1972), 113 Erdmann, Andrew, 202 Erdoğan, Recip, 275 ethnic workers, 20–21 ethnonationalism, 1, 208–9, 243–44, 275–76, 277 European roots of neoliberalism, 9 European Union (EU), 177 evangelical Christians, 2. see also Falwell, Jerry Facebook, 172–73, 279, 292–93 Fairness Doctrine (1949), 125–28, 139–40, 166–67 Fairness in Broadcasting Act, 126–27 Fallows, James, 66 Falwell, Jerry, 12–13, 120–21 fascism, 10, 29, 33–35, 39–40 Federal Aviation Administration (FAA), 67–68 Federal Communications Commission (FCC), 26, 125–27, 165–66 Federal Deposit Insurance Corporation, 22, 173–74 Federal Home Loan Mortgage Corporation (Freddie Mac), 211–12, 213, 217, 218–19 Federal National Mortgage Association (Fannie Mae), 211–12, 213, 217, 218–19 Federalist Society, 125 Feulner, Edwin, 108–9, 126–27 financial crisis (2007–2008), 218–29 First Amendment, 125–27 Flowers, Gennifer, 153, 186–87 Floyd, George, 286 Ford, Gerald, 63, 67–68 Ford, Henry, 31–32 Foster, Vince, 186–87 Foucault, Michel, 74, 90 The Fountainhead (Rand), 100–1 Fowler, Mark, 126–27, 128 Fox News, 128 Franco-Prussian war, 79–80 Fraser, Steve, 115 free enterprise system, 45–46, 69, 108–9, 114–15, 120–21, 141, 150, 200–1 free market capitalism, 4–5, 99–100, 105, 108–9, 120–21, 133–34, 144–45, 173, 195–96, 204, 254–55 free movement of capital, 5, 186 free movement of people, 13, 31, 177, 186, 209–10, 248, 271, 275–76, 278, 290 Free Speech movement, 8–9, 102 “free world” zone, 28–29 freedom of speech, 75–76, 126–27 freedom of the press, 125–26, 128 Freedom Rides, 50–51 Freedom Summer, 50–51 French Revolution, 30 Friedman, Milton, 87–88, 94–95, 105, 111–12, 120–21 Friedman, Thomas, 206–8, 209–10 Froman, Michael, 224 Fukuyama, Francis, 147–48 Garner, Alicia, 263–64 Garner, Jay, 197, 198 Geithner, Timothy, 213, 217, 258 General Agreement on Tariffs and Trade (GATT), 57–58 General Electric, 172 General Motors, 221–22 George III, King, 75–76 German ordo-liberals, 92–93, 132 gig economy, 237–39 Gilbert, James, 103 Gilder, George, 109, 133–34, 160–61, 162–63, 232, 250 Gingrich, Newt, 14–15, 155–56, 163–64 Ginsberg, Allen, 98–99 Giuliani, Rudolph, 185, 235–36 Glass-Steagall Act (1933), 22, 173–74, 175–76 Global North, 9, 59–60, 61 Global South, 9 globalization cosmopolitanism and, 13 economic inequality and, 233–34, 251 neoliberalism and, 5, 229, 259–60 Trump and, 259–60, 267, 273 Goldwater, Barry, 74, 94–97, 114, 115 The Good Society (Lippmann), 86 Goodman, Paul, 8–9, 95–96, 98–99 Google, 160, 172–73, 206, 207, 279 Gorbachev, Mikhail, 142–44, 148–49, 187–88 Gore, Al, 137, 157–58, 163–64, 165, 167, 171, 189–91, 196 Gorky Automobile Factory, 32–33 government-regulated business (Hoover), 83 government sponsored enterprises (GSEs), 211–12 Graeber, David, 252–53, 254–55 Gramm, Phil, 217 Gramm-Leach bill (1999), 176 Gray, Freddie, 262–63 great compression, 25 Great Depression (1929), 3–4, 10, 19–20, 31–34, 48–49, 82, 173, 189, 220–21 Great Recession (2008–2009), 3–4, 227–28, 229, 230, 234–35, 237–38, 273 Great Society, 53–54, 55–56, 119–20, 287 Green New Deal, 285 Green Zone Americans (Iraq), 201–2 Greenspan, Alan, 66, 157–59, 179, 206, 214–16, 279–80 Growing Up Absurd (Goodman), 8–9, 95–96 The Guardian, 264 Hamby, Alonzo, 38 Hamilton, Darrick, 284 Hargis, Billy James, 119 Harris, Kamala, 286 Hart, Gary, 137 Harvey, David, 9 Hayek, Friedrich, 9, 23, 65, 73–74, 87–88, 89–90, 97–98, 105–6 Hazlitt, Henry, 45–46, 94–95 HBO, 172 health care reform (Clinton), 155–56, 157–58 Helsinki Accords, 65 Heritage Foundation, 108–9 Himmelfarb, Gertrude, 12–13, 132–34, 233–34 Hitler, Adolf, 33–34 Ho Chi Minh, 54–55 Hobhouse, L.


pages: 239 words: 62,005

Don't Burn This Book: Thinking for Yourself in an Age of Unreason by Dave Rubin

Affordable Care Act / Obamacare, An Inconvenient Truth, battle of ideas, Bernie Sanders, Black Lives Matter, Burning Man, butterfly effect, centre right, cognitive dissonance, Columbine, deplatforming, Donald Trump, failed state, fake news, gender pay gap, green new deal, Greta Thunberg, illegal immigration, immigration reform, job automation, Kevin Roose, low skilled workers, mutually assured destruction, obamacare, off-the-grid, Peter Thiel, pre–internet, Ronald Reagan, Saturday Night Live, school choice, Silicon Valley, Social Justice Warrior, Steven Pinker, Susan Wojcicki, Tim Cook: Apple, unpaid internship, War on Poverty, women in the workforce, zero-sum game

If the United States were a person, his or her credit cards would’ve been canceled already. So if you couldn’t get away with it as an individual, then why should the government? Instead of focusing on what we can have for “free,” or on who we can take from to fund trendy, idealistic projects like the Green New Deal, let’s focus on keeping what we earn and cutting spending wherever possible. Remember when you were in fifth grade and your parents told you to save up for that bike you wanted? And how, after a couple months, you eventually saved enough money and got it? Yeah, let’s operate like that.


pages: 651 words: 162,060

The Climate Book: The Facts and the Solutions by Greta Thunberg

"World Economic Forum" Davos, accounting loophole / creative accounting, air freight, Alfred Russel Wallace, Anthropocene, basic income, Bernie Sanders, biodiversity loss, BIPOC, bitcoin, British Empire, car-free, carbon credits, carbon footprint, carbon tax, circular economy, clean water, cognitive dissonance, coronavirus, COVID-19, David Attenborough, decarbonisation, degrowth, disinformation, energy transition, Extinction Rebellion, Food sovereignty, global pandemic, global supply chain, Global Witness, green new deal, green transition, Greta Thunberg, housing crisis, Indoor air pollution, informal economy, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Jeff Bezos, land tenure, late capitalism, lockdown, mass immigration, megacity, meta-analysis, microplastics / micro fibres, military-industrial complex, Naomi Klein, negative emissions, ocean acidification, offshore financial centre, oil shale / tar sands, out of africa, phenotype, planetary scale, planned obsolescence, retail therapy, rewilding, social distancing, supervolcano, tech billionaire, the built environment, Thorstein Veblen, TikTok, Torches of Freedom, Tragedy of the Commons, universal basic income, urban sprawl, zoonotic diseases

What it looks like. What it feels like. And what its core values are. Fortunately, there are all kinds of conversations and experiments going on to try to overcome these barriers and develop popular platforms that articulate a common vision. These platforms go by many names: the Leap; Green New Deal; the Black, Red and Green New Deal; and more. What they all share is a recognition that the climate crisis is not the only crisis we face. We face so many overlapping and intersecting emergencies – from surging white supremacy to gender-based violence, to gaping economic inequality – that we simply can’t afford to fix them one at a time.


pages: 225 words: 70,590

Curbing Traffic: The Human Case for Fewer Cars in Our Lives by Chris Bruntlett, Melissa Bruntlett

15-minute city, An Inconvenient Truth, autonomous vehicles, bike sharing, BIPOC, car-free, coronavirus, COVID-19, emotional labour, en.wikipedia.org, global pandemic, green new deal, Jane Jacobs, lockdown, Lyft, microplastics / micro fibres, New Urbanism, post-work, RAND corporation, ride hailing / ride sharing, self-driving car, social distancing, streetcar suburb, the built environment, Uber and Lyft, uber lyft, urban planning, white flight, working-age population, World Values Survey

With most of Delft’s communal patio space created long ago when the streets and squares of the city center were stripped of cars, all restaurateurs needed to do was bump their tables a little farther apart, and claim the additional 25 percent of terrace space afforded to them by the municipality. For Americans, the OPEC oil crisis was a missed opportunity, but one they hopefully won’t repeat, as discussion of a Green New Deal emerges to aid the COVID-19 recovery. Critically, this stimulus can’t just switch the fuel source for all of the cars in the country, but must also include recoverable, reliable, and sustainable alternatives. This is underscored by a 2012 report by the American Association of State Highway and Transportation Officials, which quantifies the average number of full-time jobs created by infrastructure type.


pages: 583 words: 182,990

The Ministry for the Future: A Novel by Kim Stanley Robinson

"World Economic Forum" Davos, agricultural Revolution, airport security, Anthropocene, availability heuristic, basic income, bitcoin, blockchain, Bretton Woods, cakes and ale, carbon tax, centre right, clean tech, clean water, cryptocurrency, dark matter, decarbonisation, degrowth, distributed ledger, drone strike, European colonialism, failed state, fiat currency, Food sovereignty, full employment, Gini coefficient, global village, green new deal, happiness index / gross national happiness, High speed trading, high-speed rail, income per capita, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invisible hand, Jevons paradox, Kim Stanley Robinson, land reform, liberation theology, liquidity trap, Mahbub ul Haq, megacity, megastructure, Modern Monetary Theory, mutually assured destruction, nuclear winter, ocean acidification, off grid, off-the-grid, offshore financial centre, place-making, plutocrats, Ponzi scheme, post-oil, precariat, price stability, public intellectual, quantitative easing, rewilding, RFID, Robert Solow, seigniorage, Shenzhen special economic zone , Silicon Valley, special economic zone, structural adjustment programs, synthetic biology, time value of money, Tragedy of the Commons, universal basic income, wage slave, Washington Consensus

The so-called fiscal strike that we hear so much about, leading to a financial crash and the subsequent nationalization of the banks, for instance. National governments would then be back in control, coordinating a complete takeover of global finance. They could rewrite the WTO rules, and create some kind of quantitative easing, giving new fiat money to Green New Deal–type causes. We call that legislation. So again we come back to legislatures! These are usually thought to be features of representative democracies. To the extent that such democracies still exist, if they ever did, their legislatures would have to be voted in by voting majorities, by definition.

So the MMT crowd admitted they were proposing a move to a new political economy, rather than merely adjusting capitalism. It was not just Keynes Plus, nor just the ad hoc theory or rather praxis that had gotten them through the 2020 crash, nor just the theory or praxis that had bolstered and ultimately paid for the Green New Deal, that early shot in the War for the Earth. It was more than that: it was trying to think through how to do the needful in the biosphere’s time of crisis, while orthodox economics failed to rise to the occasion, and stayed focused in its old analysis of capitalism, as if capitalism were the only possible political economy, thus freezing economics as a discipline like a deer in the headlights of an onrushing car.


pages: 829 words: 187,394

The Price of Time: The Real Story of Interest by Edward Chancellor

"World Economic Forum" Davos, 3D printing, activist fund / activist shareholder / activist investor, Airbnb, Alan Greenspan, asset allocation, asset-backed security, assortative mating, autonomous vehicles, balance sheet recession, bank run, banking crisis, barriers to entry, Basel III, Bear Stearns, Ben Bernanke: helicopter money, Bernie Sanders, Big Tech, bitcoin, blockchain, bond market vigilante , bonus culture, book value, Bretton Woods, BRICs, business cycle, capital controls, Capital in the Twenty-First Century by Thomas Piketty, Carmen Reinhart, carried interest, cashless society, cloud computing, cognitive dissonance, collapse of Lehman Brothers, collateralized debt obligation, commodity super cycle, computer age, coronavirus, corporate governance, COVID-19, creative destruction, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, crony capitalism, cryptocurrency, currency peg, currency risk, David Graeber, debt deflation, deglobalization, delayed gratification, Deng Xiaoping, Detroit bankruptcy, distributed ledger, diversified portfolio, Dogecoin, Donald Trump, double entry bookkeeping, Elon Musk, equity risk premium, Ethereum, ethereum blockchain, eurozone crisis, everywhere but in the productivity statistics, Extinction Rebellion, fiat currency, financial engineering, financial innovation, financial intermediation, financial repression, fixed income, Flash crash, forward guidance, full employment, gig economy, Gini coefficient, Glass-Steagall Act, global reserve currency, global supply chain, Goodhart's law, Great Leap Forward, green new deal, Greenspan put, high net worth, high-speed rail, housing crisis, Hyman Minsky, implied volatility, income inequality, income per capita, inflation targeting, initial coin offering, intangible asset, Internet of things, inventory management, invisible hand, Japanese asset price bubble, Jean Tirole, Jeff Bezos, joint-stock company, Joseph Schumpeter, junk bonds, Kenneth Rogoff, land bank, large denomination, Les Trente Glorieuses, liquidity trap, lockdown, Long Term Capital Management, low interest rates, Lyft, manufacturing employment, margin call, Mark Spitznagel, market bubble, market clearing, market fundamentalism, Martin Wolf, mega-rich, megaproject, meme stock, Michael Milken, Minsky moment, Modern Monetary Theory, Mohammed Bouazizi, Money creation, money market fund, moral hazard, mortgage debt, negative equity, new economy, Northern Rock, offshore financial centre, operational security, Panopticon Jeremy Bentham, Paul Samuelson, payday loans, peer-to-peer lending, pensions crisis, Peter Thiel, Philip Mirowski, plutocrats, Ponzi scheme, price mechanism, price stability, quantitative easing, railway mania, reality distortion field, regulatory arbitrage, rent-seeking, reserve currency, ride hailing / ride sharing, risk free rate, risk tolerance, risk/return, road to serfdom, Robert Gordon, Robinhood: mobile stock trading app, Satoshi Nakamoto, Satyajit Das, Savings and loan crisis, savings glut, Second Machine Age, secular stagnation, self-driving car, shareholder value, Silicon Valley, Silicon Valley startup, South Sea Bubble, Stanford marshmallow experiment, Steve Jobs, stock buybacks, subprime mortgage crisis, Suez canal 1869, tech billionaire, The Great Moderation, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thorstein Veblen, Tim Haywood, time value of money, too big to fail, total factor productivity, trickle-down economics, tulip mania, Tyler Cowen, Uber and Lyft, Uber for X, uber lyft, Walter Mischel, WeWork, When a measure becomes a target, yield curve

Governments, he wrote, were holding ‘a tiger by the tail’.46 The wheel has turned full circle. Once again, we are faced with the suppression of interest rates accompanied by the advance of the state in many areas of economic life. Prominent economists, such as Larry Summers, call for greater public investment. US Democrats propose a Green New Deal. A new generation of central planners has arisen who propose technocratic solutions for our economic and social ills. If we are to avoid progressing too far along the new road to serfdom, their assumptions and policies require greater scrutiny from politicians and from the public at large. Thirty years after the publication of The Road to Serfdom, Hayek was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

., 201 tax structures, 164; offshore tax havens, 210 Taylor, John, 116–17, 129, 252 Tencent, 283 Tencin, Claudine Alexandrine Guérin, Madame de, 51 Terborgh, George, 125–6, 127 Tesla, 176–7 Theranos, 149 Thiel, Peter, 263 Third Avenue (investment company), 227–8 Thornton, Daniel, 192 Thornton, Henry, 41–2, 66*, 70, 75 Thornton, Henry Sykes, 66* Tiberius, Roman Emperor, 12 time, concept of, xviii; and act of saving, 188–90; canonical ‘hours’, 21; and Lewis Carroll, 309; in era of ultra-low interest rates, 59, 177; Franklin on, xviii, 22, 28; and Hayek, 32; interest as ‘time value of money’, xxiv, xxv–xxvi, 10, 14–15, 16, 20, 22, 26–7, 28–32; Lord King’s ‘paradox of policy’, 194, 230*; the Marshmallow Test, 29, 189; and medieval scholars, 19–20; Renaissance writings on, 21; secularization of, 21–2; speculators’ misunderstanding of, 59; and thought in ancient world, 20–21; time as individual’s possession, 20, 21, 25; ‘time in production’, xxiv, 14–15, 16, 22, 95, 95†, 141; ‘time preference’ theory, xxiv*, 28–32, 42, 95, 188–9; Thomas Wilson’s ideas, 26–7, 28, 30 Time-Warner, 167 Tooke, Thomas, 69 Toporowski, Jan, 167 Torrens, Robert, 66 Toys ‘R’ Us, 169 trade and commerce: in ancient world, 6, 7–8, 12, 14, 15; Atlantic trade, 59; business partnerships (commenda, societas), 26; commercial classes/interests, 35, 36–7, 38–40, 41, 43, 44, 66–7; commercial importance of time, xviii, 15–16, 21, 22; emergence of modern trade cycle, 62–4; expansion of in Middle Ages, 19, 21–3, 25–6; international trade, 6, 15, 23, 24, 59, 252–3, 261–2; and Italian Renaissance, 21; in medieval Italy, 21–3; mercantile/shipping loans, 6, 12, 14, 22–3, 26, 219 TransAmerica Life Insurance, 199* Trichet, Jean-Claude, 239 Trollope, Anthony, The Way We Live Now, 73 Truman, Harry, 84 The Truman Show (Peter Weir film, 1998), 185–7 Trump, Donald, 185, 261, 262, 291–2, 299, 304, 310 trusts/monopolies: in early twentieth century Europe, 159; Lenin on, 159–60; merger ‘tsunami’ after 2008 crisis, 160–63, 161*, 168–70, 182–3, 237, 298; ‘platform companies’, 161; Adam Smith on, 162, 298; in US robber baron era, 156, 157–9, 203 tulip mania (1630s), 68 Tunisia, 255 Turgot, Anne-Robert Jacques, 15, 28–9, 30, 218 Turkey, xxiii, 252, 258–60, 263 Turkmenistan, 262 Turner, Adair, 292 TXU (energy company), 162 Uber, 149, 150 ‘unicorn’ start-up companies, 148–50, 153, 155, 173, 176–7 Union Pacific Railroad, 157, 158 United States: as bubble economy, 184–7; credit expansion of 1920s, 87–91, 92–4, 96–8, 112, 203; Democrats’ Green New Deal policy, 302; economic expansion (1929–41), 143; economy in Bretton Woods era, 291, 302; financial crisis (1873), 157; foreign securities/loans in 1920s, 91; inflation in 1970s, 108–9; Knickerbocker Panic (1907), 83–4; large-scale immigration into, 78; loan of farm animals in, 4; long-term interest rates (1945–2021), 134; loss of manufacturing jobs to China, 261*, 261; low economic vitality in post-crisis decade, 124, 150–53, 191; monetary policy in 1900s, 83–4, 83*; post-Second World War recovery, 126; public debt today, 291–2, 291*; recessions of early 1980s, 109–10, 151; reversal of global capital flows (late-1920s), 93; robber baron era, 156–9, 203; shift from manufacturing towards services, 167–8, 182; and zombification, 146, 152–3, 155 see also Federal Reserve, US United States Steel Corporation, 157–8 Universities Superannuation Scheme, UK, 196 Useless Ethereum Token, 178 usury: attacked from left and right, 17; attitudes to in ancient world, 17–18, 19, 20–21, 219; in Britain, 24, 26–7, 34, 40, 42, 65‡, 65; Church law forbids, 18–19, 23–4; definitions in Elizabethan era, 26–7; etymology of word, 5; Galiani on, 218–19, 220, 221; and Jews, 18; Marx on, 16, 200–201; medieval Church acknowledges risk, 25–6; Old Testament restrictions on, 17; Proudhon-Bastiat debate on, xvii–xix, xxi, xxii, xxv, 9; in Renaissance world, 22–3; scholastic attack on, 18–20, 23–4, 25 Valeant Pharmaceuticals, 161, 168–9 Vancouver, 175 Veblen, Thorstein, Theory of Business Enterprise (1904), 158, 159, 166 Velde, François, 58*, 59 Venice, 22, 23 Vinci, Leonardo da, Salvator Mundi, 208–9 VIX index, 228–9, 254 La Voix du Peuple, xvii–xix volatility, 153, 228–30, 233, 234, 254, 304, 305 Volcker, Paul, 108–9, 121, 145, 184, 240 Voltaire, 57 Wainwright, Oliver, 209 Waldman, Steve, 206 Waldorf Astoria, New York, 285–6 Wall Street Crash (October 1929): Fed’s response to, 98, 100, 101, 108; Fisher and Keynes fail to foresee, 94–5; Hayek’s interpretation of, 101, 105; low real rates in 1920s USA, 87–91, 89, 92–4, 96–8, 203; low/stable inflation at time of, 134; monetarist view of, 98–9, 101, 105, 108; predictions/warnings of, 93–5, 96, 101, 105, 308; reversal of international capital flows (late-1920s), 93, 93*, 261 WallStreetBets, 307, 309 Walpole, Horace, 62–3 Warburg, Paul, 94 Warsh, Kevin, 228 wealth: ‘Buddenbrooks effect’, 216; conspicuous consumption by mega-rich, 54–5, 208–10, 212; definitions of, 179–82, 216; elite displays as signs of inequality, 209–10, 212; virtual wealth bubbles, 179, 180, 181–2, 185, 193–5, 206, 215, 216–17, 217†, 229–30, 237; wealth illusion, 193–5, 198 Welch, Jack, 170, 171 Wells, H.


pages: 263 words: 79,016

The Sport and Prey of Capitalists by Linda McQuaig

anti-communist, Bernie Sanders, carbon footprint, carbon tax, clean water, Cornelius Vanderbilt, diversification, Donald Trump, energy transition, financial innovation, Garrett Hardin, green new deal, Kickstarter, low interest rates, megaproject, Menlo Park, Money creation, Naomi Klein, neoliberal agenda, new economy, offshore financial centre, oil shale / tar sands, Paris climate accords, payday loans, precautionary principle, profit motive, risk/return, Ronald Reagan, Sidewalk Labs, Steve Jobs, strikebreaker, Tragedy of the Commons, union organizing

While Honda has gone on to produce some of the world’s most popular cars, Canada is facing the end of auto making in Oshawa, amid fears about which of our remaining auto plants will be closed next. Is it feasible to save the once-vibrant Oshawa complex and transform it into a publicly owned plant producing environmentally essential products, as part of a Green New Deal? Gindin notes that, during the Second World War, GM facilities were converted to produce military vehicles. And he suggests that the Oshawa plant be expropriated today without compensation, since Canadian taxpayers have already provided generous subsidies to GM. While he acknowledges that his plan is a long shot, he adds, “It seems criminal not to at least try.”


pages: 241 words: 75,417

The Last President of Europe: Emmanuel Macron's Race to Revive France and Save the World by William Drozdiak

Berlin Wall, bilateral investment treaty, Boeing 737 MAX, Boris Johnson, carbon tax, centre right, cloud computing, disinformation, Donald Trump, dual-use technology, failed state, fake news, Fall of the Berlin Wall, green new deal, Greta Thunberg, high-speed rail, hiring and firing, illegal immigration, immigration reform, income inequality, New Urbanism, offshore financial centre, reserve currency, Silicon Valley, Socratic dialogue, South China Sea, Steve Bannon, UNCLOS, working poor

Up to a dozen European governments, reacting to pressure from their voters, say that they now want to devote at least one-quarter of the EU budget for the next seven years to projects that address the climate crisis. But given the veto powers of Eastern countries, the EU is only going to succeed in its transition to a low-carbon economy through a radical redistribution of financial resources to the most vulnerable areas of Europe. A Green New Deal for Europe, like the one touted by progressives in the United States, would require investing massive amounts in infrastructure, which until recently was resisted by Germany and other Northern countries. If Europe really wants to reach a consensus in order to achieve its climate goals and spur economic growth in the poorer periphery of the continent, its wealthier governments will need to dramatically increase their willingness to commit huge financial resources to public investments related to green technologies.12 The climate change controversy is not the only source of growing fissures between Eastern and Western Europe.


pages: 278 words: 82,069

Meltdown: How Greed and Corruption Shattered Our Financial System and How We Can Recover by Katrina Vanden Heuvel, William Greider

Alan Greenspan, Asian financial crisis, banking crisis, Bear Stearns, Bretton Woods, business cycle, buy and hold, capital controls, carried interest, central bank independence, centre right, collateralized debt obligation, conceptual framework, corporate governance, creative destruction, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, declining real wages, deindustrialization, Exxon Valdez, falling living standards, financial deregulation, financial innovation, Financial Instability Hypothesis, fixed income, floating exchange rates, full employment, Glass-Steagall Act, green new deal, guns versus butter model, housing crisis, Howard Zinn, Hyman Minsky, income inequality, information asymmetry, It's morning again in America, John Meriwether, junk bonds, kremlinology, Long Term Capital Management, low interest rates, margin call, market bubble, market fundamentalism, McMansion, Michael Milken, Minsky moment, money market fund, mortgage debt, Naomi Klein, new economy, Nixon triggered the end of the Bretton Woods system, offshore financial centre, payday loans, pets.com, plutocrats, Ponzi scheme, price stability, pushing on a string, race to the bottom, Ralph Nader, rent control, Robert Shiller, Ronald Reagan, Savings and loan crisis, savings glut, sovereign wealth fund, structural adjustment programs, subprime mortgage crisis, The Great Moderation, too big to fail, trade liberalization, transcontinental railway, trickle-down economics, union organizing, wage slave, Washington Consensus, women in the workforce, working poor, Y2K

And our role is to make sure that whatever policies are enacted are democratic, transparent, and accountable. This market failure and the need for systemic government interventions mean that our work is largely done on an ideological level, in terms of arguing for the necessity of, say, something like a green new deal, or single payor national healthcare. That’s because it’s hard to argue against these things on free-market principles when you have this massive intervention in the economy. This crisis is the culmination of 30 years of laissez-faire economics, that is, neoliberalism. The monoculture economy: and that’s what we have across the world, and if we think of it as a monoculture, then the pathogens spread through the system rapidly, and that’s why stock markets around the world are declining, particularly the integrated ones, the industrialized countries.


pages: 239 words: 80,319

Lurking: How a Person Became a User by Joanne McNeil

"World Economic Forum" Davos, 4chan, A Declaration of the Independence of Cyberspace, Ada Lovelace, Adam Curtis, Airbnb, AltaVista, Amazon Mechanical Turk, Andy Rubin, benefit corporation, Big Tech, Black Lives Matter, Burning Man, Cambridge Analytica, Chelsea Manning, Chris Wanstrath, citation needed, cloud computing, context collapse, crowdsourcing, data science, deal flow, decentralized internet, delayed gratification, dematerialisation, disinformation, don't be evil, Donald Trump, drone strike, Edward Snowden, Elon Musk, eternal september, fake news, feminist movement, Firefox, gentrification, Google Earth, Google Glasses, Google Hangouts, green new deal, helicopter parent, holacracy, Internet Archive, invention of the telephone, Jeff Bezos, jimmy wales, John Perry Barlow, Jon Ronson, Julie Ann Horvath, Kim Stanley Robinson, l'esprit de l'escalier, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Max Levchin, means of production, Menlo Park, Mondo 2000, moral panic, move fast and break things, Neal Stephenson, Network effects, packet switching, PageRank, pre–internet, profit motive, Project Xanadu, QAnon, real-name policy, recommendation engine, Salesforce, Saturday Night Live, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, slashdot, Snapchat, social graph, Social Justice Warrior, Stephen Hawking, Steve Jobs, Steven Levy, Stewart Brand, subscription business, surveillance capitalism, tech worker, techlash, technoutopianism, Ted Nelson, TED Talk, Tim Cook: Apple, trade route, Turing complete, Wayback Machine, We are the 99%, web application, white flight, Whole Earth Catalog, you are the product

There’s nothing like Anacam’s Universal Sleep Station on there, as far as I can tell, but a few Twitch streams are “gentle,” as a 2019 Gizmodo piece characterized them, with hosts who knit before their viewers or read stories aloud to them. * * * “Information Superhighway” had a valence of provocative optimism, sort of like “Green New Deal” does today. It was an idealistic term, glamorizing the “highway,” an American romance, the physical expression of ambition—the texture, plotting, and substance extending to the near future. (“What is more beautiful than a road?” George Sand wrote. “It is the symbol and the image of an active, varied life.”)


pages: 289 words: 86,165

Ten Lessons for a Post-Pandemic World by Fareed Zakaria

"there is no alternative" (TINA), 15-minute city, AlphaGo, An Inconvenient Truth, anti-fragile, Asian financial crisis, basic income, Bernie Sanders, Boris Johnson, butterfly effect, Capital in the Twenty-First Century by Thomas Piketty, car-free, carbon tax, central bank independence, clean water, cloud computing, colonial rule, contact tracing, coronavirus, COVID-19, Credit Default Swap, David Graeber, Day of the Dead, deep learning, DeepMind, deglobalization, Demis Hassabis, Deng Xiaoping, digital divide, Dominic Cummings, Donald Trump, Edward Glaeser, Edward Jenner, Elon Musk, Erik Brynjolfsson, failed state, financial engineering, Francis Fukuyama: the end of history, future of work, gentrification, George Floyd, gig economy, Gini coefficient, global pandemic, global reserve currency, global supply chain, green new deal, hiring and firing, housing crisis, imperial preference, income inequality, Indoor air pollution, invention of the wheel, Jane Jacobs, Jeff Bezos, Jeremy Corbyn, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Snow's cholera map, junk bonds, lockdown, Long Term Capital Management, low interest rates, manufacturing employment, Marc Andreessen, Mark Zuckerberg, Martin Wolf, means of production, megacity, Mexican peso crisis / tequila crisis, middle-income trap, Monroe Doctrine, Nate Silver, Nick Bostrom, oil shock, open borders, out of africa, Parag Khanna, Paris climate accords, Peter Thiel, plutocrats, popular capitalism, Productivity paradox, purchasing power parity, remote working, reserve currency, reshoring, restrictive zoning, ride hailing / ride sharing, Ronald Reagan, secular stagnation, Silicon Valley, social distancing, software is eating the world, South China Sea, Steve Bannon, Steve Jobs, Steven Pinker, Suez crisis 1956, TED Talk, the built environment, The Death and Life of Great American Cities, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, The Spirit Level, The Wealth of Nations by Adam Smith, Thomas L Friedman, Tim Cook: Apple, trade route, UNCLOS, universal basic income, urban planning, Washington Consensus, white flight, Works Progress Administration, zoonotic diseases

These leaders implemented democratic versions of Lenin’s vision of a socialist economy, one in which the state sat atop “the commanding heights” of the economy. But when you ask what people mean by socialism now, it is not really that system at all. Today’s self-professed socialists want greater government investment, new and expanded safety nets, a “Green New Deal” to address climate change, and higher taxes on the rich. Bernie Sanders himself makes clear his dream country is not Cuba but Denmark. You can see how amorphous the label is by the fact that Elizabeth Warren supports many of the same policies as Sanders, but has also called herself “a capitalist to my bones.”


pages: 279 words: 90,888

The Lost Decade: 2010–2020, and What Lies Ahead for Britain by Polly Toynbee, David Walker

banking crisis, battle of ideas, bike sharing, Boris Johnson, Brexit referendum, Bullingdon Club, call centre, car-free, centre right, collective bargaining, congestion charging, corporate governance, crony capitalism, Crossrail, David Attenborough, Dominic Cummings, Donald Trump, Downton Abbey, energy transition, Etonian, financial engineering, first-past-the-post, G4S, gender pay gap, gig economy, Gini coefficient, global village, green new deal, Greta Thunberg, high net worth, housing crisis, income inequality, industrial robot, Intergovernmental Panel on Climate Change (IPCC), James Dyson, Jeremy Corbyn, Large Hadron Collider, low interest rates, manufacturing employment, mass immigration, moral panic, mortgage debt, North Sea oil, offshore financial centre, opioid epidemic / opioid crisis, payday loans, pension reform, Phoebe Waller-Bridge, quantitative easing, Right to Buy, Saturday Night Live, selection bias, smart meter, Uber for X, ultra-processed food, urban renewal, working-age population

The Nimbys of the shire who rejected wind turbines but won’t object to Welsh valleys being overlaid with carbon capture pipework will have to do their bit. Greening policies show once again that gross inequality hampers progress on all fronts, endangering the haves as much as the have-nots. There’s a rich political opportunity here, linking climate survival to investment and better life chances. The Green New Deal on renewables and energy efficiency secured cross-party support, along with programmes to insulate buildings and move to more sustainable farming. There’s action here for the communities that have been ‘left behind’. The UK is already a leader in offshore wind; the Scottish government’s attempt to out-green Westminster makes for benign competition.


pages: 265 words: 93,354

Please Don't Sit on My Bed in Your Outside Clothes: Essays by Phoebe Robinson

Affordable Care Act / Obamacare, Airbnb, An Inconvenient Truth, anti-bias training, Black Lives Matter, butterfly effect, coronavirus, COVID-19, David Attenborough, defund the police, desegregation, different worldview, disinformation, Donald Trump, Downton Abbey, emotional labour, financial independence, gentrification, George Floyd, gig economy, global pandemic, green new deal, Greta Thunberg, hiring and firing, imposter syndrome, independent contractor, Intergovernmental Panel on Climate Change (IPCC), Joan Didion, Lyft, mass incarceration, microaggression, off-the-grid, Phoebe Waller-Bridge, Ralph Waldo Emerson, rolodex, Rosa Parks, Sheryl Sandberg, social distancing, Social Justice Warrior, Steve Bannon, Steve Jobs, TED Talk, too big to fail, uber lyft, unpaid internship, W. E. B. Du Bois

For instance, Dawn Wooten, a nurse at the Irwin County Detention Center, which is an ICE facility, became a whistle-blower in 2020 when she came forward with allegations of medical neglect at the center, including ICE failing to contain the spread of Covid-19 and coercing mass hysterectomies. More than just who is allowed or encouraged to have children, the topic of motherhood is a significant part of the culture wars. Senator Mike Lee (R-Utah), in response to the proposed Green New Deal, suggested the following: “The solution to climate change is not this unserious resolution, but the serious business of human flourishing—the solution to so many of our problems, at all times and in all places: fall in love, get married, and have some kids.” This statement, of course, was backed by a photo of Luke Skywalker on a tauntaun.


pages: 317 words: 101,475

Chavs: The Demonization of the Working Class by Owen Jones

Asperger Syndrome, banking crisis, Berlin Wall, Boris Johnson, British Empire, Bullingdon Club, call centre, collapse of Lehman Brothers, credit crunch, deindustrialization, Etonian, facts on the ground, falling living standards, first-past-the-post, ghettoisation, Gini coefficient, green new deal, hiring and firing, housing crisis, illegal immigration, income inequality, informal economy, low skilled workers, low-wage service sector, mass immigration, meritocracy, Neil Kinnock, Occupy movement, pension reform, place-making, plutocrats, post-war consensus, race to the bottom, Right to Buy, rising living standards, social distancing, The Bell Curve by Richard Herrnstein and Charles Murray, The Spirit Level, too big to fail, unpaid internship, upwardly mobile, We are the 99%, wealth creators, Winter of Discontent, women in the workforce, working-age population

As Defend Council Housing's Alan Walter put it in the dying days of New Labour, now that the market had failed to provide for people's needs itwas time to 'invest in building a third generation of first-class council homes that are well built and designed to the highest environmental standards, with good community facilities and transport links, and we can finally get away from housing being something you speculate on and concentrate on providing homes for the twenty-first century: A jobs movement could also meet the challenge posed by environ- mental crisis. A 'Green New Deal' that builds a thriving renewable energy sector and launches a national crusade to insulate homes and businesses could employ hundreds of thousands of people. 'I think there's a role for government there in actually marrying its economic policy with environmental policy; says Guardian economics editor Larry Elliott.


pages: 372 words: 100,947

An Ugly Truth: Inside Facebook's Battle for Domination by Sheera Frenkel, Cecilia Kang

"World Economic Forum" Davos, 2021 United States Capitol attack, affirmative action, augmented reality, autonomous vehicles, Ben Horowitz, Bernie Sanders, Big Tech, Black Lives Matter, blockchain, Cambridge Analytica, clean water, coronavirus, COVID-19, data science, disinformation, don't be evil, Donald Trump, Edward Snowden, end-to-end encryption, fake news, George Floyd, global pandemic, green new deal, hockey-stick growth, Ian Bogost, illegal immigration, immigration reform, independent contractor, information security, Jeff Bezos, Kevin Roose, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Menlo Park, natural language processing, offshore financial centre, Parler "social media", Peter Thiel, QAnon, RAND corporation, ride hailing / ride sharing, Robert Mercer, Russian election interference, Salesforce, Sam Altman, Saturday Night Live, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, Snapchat, social web, Steve Bannon, Steve Jobs, Steven Levy, subscription business, surveillance capitalism, TechCrunch disrupt, TikTok, Travis Kalanick, WikiLeaks

If any Facebook allies were present, they didn’t speak up to defend him. Democratic freshman representative Alexandria Ocasio-Cortez of New York asked how far she could go in spreading lies on Facebook as a politician. “Could I run ads targeting Republicans in primaries saying that they voted for the Green New Deal?” she asked. “Do you see a potential problem here with a complete lack of fact-checking on political advertisements?” Zuckerberg responded that he thought lies were “bad.” But, he added, he believed “that people should be able to see for themselves what politicians that they may or may not vote for are saying.”


pages: 357 words: 99,456

Hate Inc.: Why Today’s Media Makes Us Despise One Another by Matt Taibbi

4chan, affirmative action, anti-communist, Berlin Wall, Bernie Sanders, Chelsea Manning, commoditize, crack epidemic, David Brooks, disinformation, Donald Trump, drone strike, failed state, fake news, Fall of the Berlin Wall, false flag, financial deregulation, Francis Fukuyama: the end of history, Glass-Steagall Act, Gordon Gekko, greed is good, green new deal, Howard Zinn, illegal immigration, immigration reform, interest rate swap, Julian Assange, Kickstarter, Marshall McLuhan, microdosing, moral panic, Nate Silver, no-fly zone, Parents Music Resource Center, Peter Thiel, pink-collar, Ponzi scheme, pre–internet, profit motive, quantitative easing, Ralph Nader, rent-seeking, rolodex, Ronald Reagan, Rubik’s Cube, Saturday Night Live, Seymour Hersh, Silicon Valley, social contagion, Stephen Hawking, Steve Bannon, Steven Pinker, Tipper Gore, traveling salesman, unpaid internship, WikiLeaks, working poor, Y2K

The dance in those episodes is undisguised, symbiotic PR. Brazile will come on, win over a small slice of Hannity’s audience by conceding that he is technically a human being, then plug something like a book. Hannity meanwhile will make sure audiences don’t doubt his bona fides for a second, by relentlessly haranguing her about socialism or the Green New Deal or whatever. This is a huge tell in modern division-media: when the alien idea is allowed on air, it never gets a polite hearing. It isn’t allowed to answer at length. Questions are framed as you hear them from prosecutors confronting a defense witness. An example is Tucker Carlson interviewing California Democrat Adam Schiff about Russian interference.


pages: 378 words: 110,518

Postcapitalism: A Guide to Our Future by Paul Mason

air traffic controllers' union, Alan Greenspan, Alfred Russel Wallace, bank run, banking crisis, banks create money, Basel III, basic income, Bernie Madoff, Bill Gates: Altair 8800, bitcoin, Bletchley Park, Branko Milanovic, Bretton Woods, BRICs, British Empire, business cycle, business process, butterfly effect, call centre, capital controls, carbon tax, Cesare Marchetti: Marchetti’s constant, Claude Shannon: information theory, collaborative economy, collective bargaining, commons-based peer production, Corn Laws, corporate social responsibility, creative destruction, credit crunch, currency manipulation / currency intervention, currency peg, David Graeber, deglobalization, deindustrialization, deskilling, discovery of the americas, disinformation, Downton Abbey, drone strike, en.wikipedia.org, energy security, eurozone crisis, factory automation, false flag, financial engineering, financial repression, Firefox, Fractional reserve banking, Frederick Winslow Taylor, fulfillment center, full employment, future of work, game design, Glass-Steagall Act, green new deal, guns versus butter model, Herbert Marcuse, income inequality, inflation targeting, informal economy, information asymmetry, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Internet of things, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Perry Barlow, Joseph Schumpeter, Kenneth Arrow, Kevin Kelly, Kickstarter, knowledge economy, knowledge worker, late capitalism, low interest rates, low skilled workers, market clearing, means of production, Metcalfe's law, microservices, middle-income trap, Money creation, money: store of value / unit of account / medium of exchange, mortgage debt, Network effects, new economy, Nixon triggered the end of the Bretton Woods system, Norbert Wiener, Occupy movement, oil shale / tar sands, oil shock, Paul Samuelson, payday loans, Pearl River Delta, post-industrial society, power law, precariat, precautionary principle, price mechanism, profit motive, quantitative easing, race to the bottom, RAND corporation, rent-seeking, reserve currency, RFID, Richard Stallman, Robert Gordon, Robert Metcalfe, scientific management, secular stagnation, sharing economy, Stewart Brand, structural adjustment programs, supply-chain management, technological determinism, The Future of Employment, the scientific method, The Wealth of Nations by Adam Smith, Transnistria, Twitter Arab Spring, union organizing, universal basic income, urban decay, urban planning, vertical integration, Vilfredo Pareto, wages for housework, WikiLeaks, women in the workforce, Yochai Benkler

The central premise of this book is that, alongside the long-term stagnation problem arising from the financial crisis and demographics, information technology has robbed market forces of their ability to create dynamism. Instead, it is creating the conditions for a postcapitalist economy. It may not be possible to ‘rescue’ capitalism, as Keynes did with radical policy solutions, because its technological foundations have changed. So before we demand a ‘Green New Deal’, or state-owned banks, or free college education, or long-term zero interest rates, we have to understand how they might fit into the kind of economy that is emerging. And we are very badly equipped to do this. An order has been disrupted but conventional economics has no idea of the magnitude of the disruption.


pages: 396 words: 113,613

Chokepoint Capitalism by Rebecca Giblin, Cory Doctorow

Aaron Swartz, AltaVista, barriers to entry, Berlin Wall, Bernie Sanders, Big Tech, big-box store, Black Lives Matter, book value, collective bargaining, commoditize, coronavirus, corporate personhood, corporate raider, COVID-19, disintermediation, distributed generation, Fairchild Semiconductor, fake news, Filter Bubble, financial engineering, Firefox, forensic accounting, full employment, gender pay gap, George Akerlof, George Floyd, gig economy, Golden age of television, Google bus, greed is good, green new deal, high-speed rail, Hush-A-Phone, independent contractor, index fund, information asymmetry, Jeff Bezos, John Gruber, Kickstarter, laissez-faire capitalism, low interest rates, Lyft, Mark Zuckerberg, means of production, microplastics / micro fibres, Modern Monetary Theory, moral hazard, multi-sided market, Naomi Klein, Network effects, New Journalism, passive income, peak TV, Peter Thiel, precision agriculture, regulatory arbitrage, remote working, rent-seeking, ride hailing / ride sharing, Robert Bork, Saturday Night Live, shareholder value, sharing economy, Silicon Valley, SoftBank, sovereign wealth fund, Steve Jobs, Steven Levy, stock buybacks, surveillance capitalism, Susan Wojcicki, tech bro, tech worker, The Chicago School, The Wealth of Nations by Adam Smith, TikTok, time value of money, transaction costs, trickle-down economics, Turing complete, Uber and Lyft, uber lyft, union organizing, Vanguard fund, vertical integration, WeWork

Julie Cohen, Between Truth and Power: The Legal Constructions of Informational Capitalism (New York: Oxford University Press, 2019), 7. 26. Bradley Thomas, “Why Bernie Sanders’s Universal Job Guarantee Is Fool’s Gold,” Foundation for Economic Education, Oct. 25, 2019, https://fee.org/articles/why-universal-job-guarantees-are-fool-s-gold. 27. Naomi Klein, On Fire: The Burning Case for a Green New Deal (New York: Penguin, 2019). 28. Mark Paul, William Darity Jr., and Darrick Hamilton, “The Federal Job Guarantee—A Policy to Achieve Permanent Full Employment,” Center on Budget and Policy Priorities, Mar. 9, 2018, https://www.cbpp.org/research/full-employment/the-federal-job-guarantee-a-policy-to-achieve-permanent-full-employment. 29.


pages: 386 words: 112,064

Rich White Men: What It Takes to Uproot the Old Boys' Club and Transform America by Garrett Neiman

"World Economic Forum" Davos, Affordable Care Act / Obamacare, Albert Einstein, basic income, Bernie Sanders, BIPOC, Black Lives Matter, Branko Milanovic, British Empire, Capital in the Twenty-First Century by Thomas Piketty, carried interest, clean water, confounding variable, coronavirus, COVID-19, critical race theory, dark triade / dark tetrad, data science, Donald Trump, drone strike, effective altruism, Elon Musk, gender pay gap, George Floyd, glass ceiling, green new deal, high net worth, Home mortgage interest deduction, Howard Zinn, impact investing, imposter syndrome, impulse control, income inequality, Jeff Bezos, Jeffrey Epstein, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge worker, Larry Ellison, liberal capitalism, Lyft, Mahatma Gandhi, mandatory minimum, Mark Zuckerberg, mass incarceration, means of production, meritocracy, meta-analysis, Michael Milken, microaggression, mortgage tax deduction, move fast and break things, Nelson Mandela, new economy, obamacare, occupational segregation, offshore financial centre, Paul Buchheit, Peter Thiel, plutocrats, Ralph Waldo Emerson, randomized controlled trial, rent-seeking, Ronald Reagan, Rutger Bregman, Sheryl Sandberg, Silicon Valley, Snapchat, sovereign wealth fund, Steve Jobs, subprime mortgage crisis, TED Talk, The Bell Curve by Richard Herrnstein and Charles Murray, Travis Kalanick, trickle-down economics, uber lyft, universal basic income, Upton Sinclair, War on Poverty, white flight, William MacAskill, winner-take-all economy, women in the workforce, work culture , working poor

Historically, the efforts that have moved the needle on inequality most have been social movements and political campaigns.33 To accelerate progress, there needs to be more investment in social movements that are building the people power necessary to challenge plutocracy, such as the Movement for Black Lives, Poor People’s Campaign, and the Sunrise Movement, which has catalyzed momentum for the Green New Deal. Citizens can also do well by supporting elected officials like The Squad—Congresspeople Alexandria Ocasio-Cortez, Ilhan Omar, Ayanna Pressley, Rashida Tlaib, Jamaal Bowman, and Cori Bush—who are shaking things up politically. Funding efforts like the Movement Voter Project, Way to Win, and The Working Families Party—which build electoral power by investing in local grassroots organizations—are a way to bolster social movements and progressive politics.


pages: 516 words: 116,875

Greater: Britain After the Storm by Penny Mordaunt, Chris Lewis

"World Economic Forum" Davos, 2021 United States Capitol attack, 3D printing, accelerated depreciation, Ada Lovelace, Airbnb, banking crisis, battle of ideas, behavioural economics, Bernie Madoff, bitcoin, Black Lives Matter, blockchain, Bob Geldof, Boeing 747, Boris Johnson, Bretton Woods, Brexit referendum, British Empire, carbon footprint, Charles Babbage, collective bargaining, Corn Laws, corporate social responsibility, COVID-19, credit crunch, crowdsourcing, data is not the new oil, data is the new oil, David Attenborough, death from overwork, Deng Xiaoping, Diane Coyle, Donald Trump, Downton Abbey, driverless car, Elon Musk, en.wikipedia.org, experimental economics, failed state, fake news, Firefox, fixed income, full employment, gender pay gap, global pandemic, global supply chain, green new deal, happiness index / gross national happiness, high-speed rail, impact investing, Jeremy Corbyn, Khartoum Gordon, lateral thinking, Live Aid, lockdown, loss aversion, low skilled workers, microaggression, mittelstand, moral hazard, Neil Kinnock, Nelson Mandela, Ocado, off-the-grid, offshore financial centre, Panamax, Ponzi scheme, post-truth, quantitative easing, remote working, road to serfdom, Salesforce, Sheryl Sandberg, Skype, smart cities, social distancing, South China Sea, sovereign wealth fund, Steve Jobs, Steven Pinker, surveillance capitalism, transaction costs, transcontinental railway

NOTES 1 https://www.usnews.com/news/best-countries/articles/2020-01-15/us-trustworthiness-rating-dives-in-2020-best-countries-report 2 https://www.gov.uk/government/publications/industrial-strategy-the-grand-challenges/missions 3 https://marianamazzucato.com/wp-content/uploads/2019/01/iipp-pb-04-the-green-new-deal-17-12-2018_0.pdf 4 https://www.conservativehome.com/platform/2015/02/francis-maude-mp-what-weve-done-to-improve-value-for-money-in-government-and-what-we-plan-to-do-next.html 5 King James Bible, Proverbs 29–18. 6 Suvorov: ‘No plan survives contact with the enemy.’ Suvorov was an eighteenth-century Russian general.


pages: 387 words: 123,237

This Land: The Struggle for the Left by Owen Jones

Berlin Wall, Bernie Sanders, Black Lives Matter, Boris Johnson, Boycotts of Israel, Brexit referendum, call centre, capitalist realism, collapse of Lehman Brothers, Corn Laws, coronavirus, COVID-19, deindustrialization, Dominic Cummings, Donald Trump, European colonialism, falling living standards, first-past-the-post, Francis Fukuyama: the end of history, George Floyd, gig economy, green new deal, housing crisis, Jeremy Corbyn, lockdown, market fundamentalism, Naomi Klein, Neil Kinnock, Nelson Mandela, offshore financial centre, open borders, quantitative easing, race to the bottom, rent control, short selling, The Spirit Level, War on Poverty

Focused on where Corbyn was going each day, it pegged the announcement of new policies to Corbyn’s appearances, a scattergun approach that would give the electorate sensory overload and allow no policy the time to sink in. ‘We should have picked three or four core themes,’ says speechwriter Alex Nunns, ‘and just kept hammering them and developing them over the course of the campaign in speeches and policy announcements: like a Green New Deal as a massive job creation scheme in the areas destroyed by Thatcher.’ Corbyn’s visits, in other words, should have been secondary to the themes, with his appearances helping to sell announcements, not driving the Grid. ‘I couldn’t believe it,’ says a senior official. ‘Where’s the strategy? What’s this week’s big message, who are we getting out there?’


pages: 572 words: 124,222

San Fransicko: Why Progressives Ruin Cities by Michael Shellenberger

activist fund / activist shareholder / activist investor, affirmative action, Affordable Care Act / Obamacare, Albert Einstein, anti-communist, Bay Area Rapid Transit, Bernie Sanders, Black Lives Matter, business climate, centre right, coronavirus, correlation does not imply causation, COVID-19, crack epidemic, dark triade / dark tetrad, defund the police, delayed gratification, desegregation, Donald Trump, drug harm reduction, gentrification, George Floyd, Golden Gate Park, green new deal, Haight Ashbury, housing crisis, Housing First, Intergovernmental Panel on Climate Change (IPCC), Jane Jacobs, mandatory minimum, Marc Benioff, mass incarceration, meta-analysis, Michael Shellenberger, microaggression, opioid epidemic / opioid crisis, Peoples Temple, Peter Pan Syndrome, pill mill, RAND corporation, randomized controlled trial, remote working, rent control, Ronald Reagan, Salesforce, San Francisco homelessness, Savings and loan crisis, Silicon Valley, single-payer health, social distancing, South of Market, San Francisco, Steven Pinker, tech billionaire, tech bro, tech worker, The Death and Life of Great American Cities, walkable city

Growing progressive power culminated in the election of Chesa Boudin in 2019, the Seattle Capitol Hill Occupied Protest of 2020, and demands that the homeless, mentally ill, and substance abusers be immune from prosecution in 2021. It’s true that moderate Democrats control the executive branches of the local, state, and federal governments, but they have little to speak of as an agenda beyond being less radical than the radical left. Progressives have, by contrast, a full agenda: Medicare for All, Green New Deal, and sweeping criminal justice reforms, including defunding the police, deincarceration, and drug legalization. Progressives have been on the rise in San Francisco, Seattle, Los Angeles, and nationally, and openly stand in opposition to the more moderate members of the Democratic Party. While the mayors of Seattle, San Francisco, and Los Angeles are all ostensibly moderate, their agendas have either been progressive or a response to progressive demands on harm reduction, Housing First, and criminal justice.


pages: 490 words: 153,455

Work Won't Love You Back: How Devotion to Our Jobs Keeps Us Exploited, Exhausted, and Alone by Sarah Jaffe

Ada Lovelace, air traffic controllers' union, Amazon Mechanical Turk, antiwork, barriers to entry, basic income, Bernie Sanders, Big Tech, big-box store, Black Lives Matter, blue-collar work, Boris Johnson, call centre, capitalist realism, Charles Babbage, collective bargaining, coronavirus, COVID-19, deindustrialization, delayed gratification, dematerialisation, desegregation, deskilling, do what you love, Donald Trump, Elon Musk, emotional labour, feminist movement, Ferguson, Missouri, financial independence, Frederick Winslow Taylor, fulfillment center, future of work, gamification, gender pay gap, gentrification, George Floyd, gig economy, global pandemic, Grace Hopper, green new deal, hiring and firing, illegal immigration, immigration reform, informal economy, job automation, job satisfaction, job-hopping, knowledge economy, knowledge worker, late capitalism, lockdown, lone genius, Lyft, Mark Zuckerberg, market fundamentalism, mass incarceration, means of production, mini-job, minimum wage unemployment, move fast and break things, Naomi Klein, new economy, oil shock, Peter Thiel, post-Fordism, post-work, precariat, profit motive, Rana Plaza, Richard Florida, Ronald Reagan, Rosa Parks, school choice, Silicon Valley, social distancing, Steve Jobs, TaskRabbit, tech billionaire, tech worker, traumatic brain injury, uber lyft, union organizing, universal basic income, unpaid internship, W. E. B. Du Bois, wages for housework, War on Poverty, WeWork, women in the workforce, work culture , workplace surveillance , Works Progress Administration

PRAISE FOR WORK WON’T LOVE YOU BACK “Work Won’t Love You Back brilliantly chronicles the transformation of work into a labor of love, demonstrating how this seemingly benign narrative is wreaking havoc on our lives, communities, and planet. By pulling apart the myth that work is love, Jaffe shows us that we can reimagine futures built on care, rather than exploitation. A tremendous contribution.” —Naomi Klein, author of On Fire: The Burning Case for a Green New Deal “Sarah Jaffe gives us engrossing stories of how ordinary people in familiar jobs navigate the precarious and all-consuming conditions of work and fight back against them. How did we come to this? Through sharp analyses of the recent history and social contours of each occupation, Jaffe helps us understand the contemporary landscape and provides tools to contest how we are put to work.


pages: 521 words: 118,183

The Wires of War: Technology and the Global Struggle for Power by Jacob Helberg

"World Economic Forum" Davos, 2021 United States Capitol attack, A Declaration of the Independence of Cyberspace, active measures, Affordable Care Act / Obamacare, air gap, Airbnb, algorithmic management, augmented reality, autonomous vehicles, Berlin Wall, Bernie Sanders, Big Tech, bike sharing, Black Lives Matter, blockchain, Boris Johnson, Brexit referendum, cable laying ship, call centre, Cambridge Analytica, Cass Sunstein, cloud computing, coronavirus, COVID-19, creative destruction, crisis actor, data is the new oil, data science, decentralized internet, deep learning, deepfake, deglobalization, deindustrialization, Deng Xiaoping, deplatforming, digital nomad, disinformation, don't be evil, Donald Trump, dual-use technology, Edward Snowden, Elon Musk, en.wikipedia.org, end-to-end encryption, fail fast, fake news, Filter Bubble, Francis Fukuyama: the end of history, geopolitical risk, glass ceiling, global pandemic, global supply chain, Google bus, Google Chrome, GPT-3, green new deal, information security, Internet of things, Jeff Bezos, Jeffrey Epstein, John Markoff, John Perry Barlow, knowledge economy, Larry Ellison, lockdown, Loma Prieta earthquake, low earth orbit, low skilled workers, Lyft, manufacturing employment, Marc Andreessen, Mark Zuckerberg, Mary Meeker, Mikhail Gorbachev, military-industrial complex, Mohammed Bouazizi, move fast and break things, Nate Silver, natural language processing, Network effects, new economy, one-China policy, open economy, OpenAI, Parler "social media", Peter Thiel, QAnon, QR code, race to the bottom, Ralph Nader, RAND corporation, reshoring, ride hailing / ride sharing, Ronald Reagan, Russian election interference, Salesforce, Sam Altman, satellite internet, self-driving car, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, smart grid, SoftBank, Solyndra, South China Sea, SpaceX Starlink, Steve Jobs, Steven Levy, Stuxnet, supply-chain attack, Susan Wojcicki, tech worker, techlash, technoutopianism, TikTok, Tim Cook: Apple, trade route, TSMC, Twitter Arab Spring, uber lyft, undersea cable, Unsafe at Any Speed, Valery Gerasimov, vertical integration, Wargames Reagan, Westphalian system, white picket fence, WikiLeaks, Y Combinator, zero-sum game

In a 2019 speech at the National Defense University, a prominent United States senator dismissed talk of picking winners and losers and called for “a twenty-first-century pro-American industrial policy” to counter China. That senator was Florida Republican Marco Rubio, hardly a wild-eyed leftist. But his ideas were not so different from those of Congresswoman Alexandria Ocasio-Cortez, whose Green New Deal is rooted in massive government intervention targeted at certain industries. Jared Bernstein, who serves as a member of the White House Council of Economic Advisors, has said, “The United States has always helped some parts of the economy at the expense of others. It’s time to get it right.”23 “Getting it right”—striking the appropriate balance between government investment and free market flexibility—will require extensive collaboration between Washington and the private sector.


pages: 462 words: 129,022

People, Power, and Profits: Progressive Capitalism for an Age of Discontent by Joseph E. Stiglitz

affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, AlphaGo, antiwork, barriers to entry, basic income, battle of ideas, behavioural economics, Berlin Wall, Bernie Madoff, Bernie Sanders, Big Tech, business cycle, Cambridge Analytica, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, carried interest, central bank independence, clean water, collective bargaining, company town, corporate governance, corporate social responsibility, creative destruction, Credit Default Swap, crony capitalism, DeepMind, deglobalization, deindustrialization, disinformation, disintermediation, diversified portfolio, Donald Trump, driverless car, Edward Snowden, Elon Musk, Erik Brynjolfsson, fake news, Fall of the Berlin Wall, financial deregulation, financial innovation, financial intermediation, Firefox, Fractional reserve banking, Francis Fukuyama: the end of history, full employment, George Akerlof, gig economy, Glass-Steagall Act, global macro, global supply chain, greed is good, green new deal, income inequality, information asymmetry, invisible hand, Isaac Newton, Jean Tirole, Jeff Bezos, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John von Neumann, Joseph Schumpeter, labor-force participation, late fees, low interest rates, low skilled workers, Mark Zuckerberg, market fundamentalism, mass incarceration, meta-analysis, minimum wage unemployment, moral hazard, new economy, New Urbanism, obamacare, opioid epidemic / opioid crisis, patent troll, Paul Samuelson, pension reform, Peter Thiel, postindustrial economy, price discrimination, principal–agent problem, profit maximization, purchasing power parity, race to the bottom, Ralph Nader, rent-seeking, Richard Thaler, Robert Bork, Robert Gordon, Robert Mercer, Robert Shiller, Robert Solow, Ronald Reagan, Savings and loan crisis, search costs, secular stagnation, self-driving car, shareholder value, Shoshana Zuboff, Silicon Valley, Simon Kuznets, South China Sea, sovereign wealth fund, speech recognition, Steve Bannon, Steve Jobs, surveillance capitalism, TED Talk, The Chicago School, The Future of Employment, The Great Moderation, the market place, The Rise and Fall of American Growth, the scientific method, The Wealth of Nations by Adam Smith, too big to fail, trade liberalization, transaction costs, trickle-down economics, two-sided market, universal basic income, Unsafe at Any Speed, Upton Sinclair, uranium enrichment, War on Poverty, working-age population, Yochai Benkler

By not forcing polluting firms to pay for the damage they impose on society, we are effectively subsidizing them. 28.Even as conventionally measured, not taking into account the benefits of the better environment. Some of the revenue of such a tax could, in turn, be used to invest in a “green” economy, for instance, which would retrofit our public infrastructure. All of this (including the private and public job creation that would result) is part of what is coming to be called the Green New Deal. Some have advocated a carbon tax, along the lines of the recommendation by the High-Level Commission on Carbon Prices, which I cochaired with leading British economist Lord Nicholas Stern, but suggested that the revenues be returned to taxpayers. The advocates of such a policy ignore our important warning about the scope of new investment, including public sector investment, that greening the economy requires.


Smart Grid Standards by Takuro Sato

business cycle, business process, carbon footprint, clean water, cloud computing, data acquisition, decarbonisation, demand response, distributed generation, electricity market, energy security, exponential backoff, factory automation, Ford Model T, green new deal, green transition, information retrieval, information security, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Iridium satellite, iterative process, knowledge economy, life extension, linear programming, low earth orbit, machine readable, market design, MITM: man-in-the-middle, off grid, oil shale / tar sands, OSI model, packet switching, performance metric, RFC: Request For Comment, RFID, smart cities, smart grid, smart meter, smart transportation, Thomas Davenport

Under EISA 2007, NIST has been given the key role for coordinating development of a framework for interoperable Smart Grid standards. NIST has launched a three-phase plan to promote the development and adoption of Smart Grid interoperability standards. When the Obama administration was born, he put the Smart Grid at the center of a Green New Deal, an economic stimulus package through which he plans to create three million jobs in energy, education, healthcare, and infrastructure. On 13 February 2009, President Obama signed the ARRA into law, under which there is a total of $4.5 billion US energy grant for developing Smart Grid technologies [37].


pages: 541 words: 173,676

Generations: the Real Differences Between Gen Z, Millennials, Gen X, Boomers, and Silents—and What They Mean for America's Future: The Real Differences between Gen Z, Millennials, Gen X, Boomers, and Silents—and What They Mean for America's Future by Jean M. Twenge

1960s counterculture, 2021 United States Capitol attack, affirmative action, airport security, An Inconvenient Truth, Bear Stearns, Bernie Sanders, Black Lives Matter, book scanning, coronavirus, COVID-19, crack epidemic, critical race theory, David Brooks, delayed gratification, desegregation, Donald Trump, Edward Snowden, Elon Musk, fake news, feminist movement, Ferguson, Missouri, Ford Model T, future of work, gender pay gap, George Floyd, global pandemic, Gordon Gekko, green new deal, income inequality, Jeff Bezos, Joan Didion, job automation, Kitchen Debate, knowledge economy, labor-force participation, light touch regulation, lockdown, Marc Andreessen, Mark Zuckerberg, McJob, meta-analysis, microaggression, Neil Armstrong, new economy, opioid epidemic / opioid crisis, Peter Thiel, QAnon, Ralph Nader, remote working, ride hailing / ride sharing, rolodex, Ronald Reagan, Saturday Night Live, Sheryl Sandberg, side hustle, Snapchat, Steve Jobs, Steve Wozniak, superstar cities, tech baron, TED Talk, The Great Resignation, TikTok, too big to fail, Travis Kalanick, War on Poverty, We are the 99%, women in the workforce, World Values Survey, zero-sum game

Congress The Millennials who have stormed into the House have been a high-profile, high-impact group—particularly the women. AOC is a former bartender who scored a surprise win in the Democratic primary in her New York district in 2018. She leads a group of young House members known as the “Squad,” who have championed college debt forgiveness, universal health care, and the Green New Deal supporting government action on climate change. “We don’t have time to sit on our hands as our planet burns,” she has said. “For young people, climate change is bigger than election or reelection. It’s life or death.” Communicating her belief that government should redistribute wealth, her 2021 Met Gala gown featured large red letters reading “tax the rich.”