Economics & Beyond with Rob Johnson cover image

Ann Pettifor: How Do We Create the Financial Conditions for a Green New Deal?

Economics & Beyond with Rob Johnson

CHAPTER

Is the Credit Creation Process Enabled?

Economists often call externalities or public goods, is that when you're financing something, and some of the benefit comes from protect the common good. That may not bear the financial return that a private transaction does. So you can do reckless things and be more creditworthy than if you're actually doing wholesome things. And we need capitalism now to create the kind of assets we need to tackle the clim climate breakdown.

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