Bad Faith Episode 413 - "The Geopolitical Bargain of the Century" (w/ Dr. Fadhel Kaboub)
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Oct 10, 2024 Fadhel Kaboub, an associate professor of economics and president of the Global Institute for Sustainable Prosperity, shares insights on Africa's vital role in addressing the climate crisis. He critiques U.S. climate policies, contrasting them with China's approach. The conversation dives into the need for decolonizing energy and advocating for global solidarity movements to foster sustainable development. Kaboub emphasizes the importance of grassroots organizing and rethinking economic narratives around degrowth and climate finance, aiming for a more equitable future.
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US Climate Policy Failure
- The US climate policy is failing due to a political system prioritizing short-term gains over science.
- Continuing fossil fuel investments creates stranded assets, risking financial fraud and climate catastrophe.
Breaking the Two-Party Monopoly
- Break the two-party monopoly by organizing sustained pressure outside election cycles.
- Threaten strategic vote losses to force parties to present better candidates and policies.
Market Failure in Decarbonization
- Fossil fuel investments offer high short-term returns, discouraging divestment despite long-term risks.
- Government regulation is crucial for a just transition, as market competition hinders decarbonization.