Economics & Beyond with Rob Johnson

Adam Tooze: A Global Green New Deal

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Feb 10, 2022
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INSIGHT

Green New Deal's Historical Roots

  • The Green New Deal draws heavily from the history of the New Deal and World War II, particularly in its emphasis on government-led mobilization.
  • This historical parallel raises questions about domestic economic policy and foreign relations, especially with China.
INSIGHT

Clashing Philosophies on Government's Role

  • There's a clash between the view that government is the problem (popularized during the Reagan era) and the need for collective action to address climate change.
  • Private sector businesses hesitate to prioritize climate action due to competitive pressures.
INSIGHT

Acceptance of Climate Science

  • Despite different cultural traditions, major Asian powers like China and India have embraced climate science, recognizing its importance.
  • Ironically, it's Western political culture, particularly in the US, that struggles with accepting scientific authority on climate change.
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