Planet: Critical

Decolonise to Decarbonise | Fadhel Kaboub

14 snips
Feb 2, 2023
Fadhel Kaboub, a seasoned economist and Under-Secretary-General, dives into the complex relationship between colonialism and climate action. He discusses how economic structures exploit the global South, draining $2 trillion annually. Kaboub advocates for decarbonization intertwined with decolonization, emphasizing monetary sovereignty and the need for cooperative strategies among southern nations. He critiques the fossil fuel industry’s impact on climate justice while promoting degrowth and equitable resource sharing as pathways to sustainable development.
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INSIGHT

How to Pay for It

  • Affordability is a key question regarding transformative programs like decarbonization.
  • Thinking differently about funding, without inflation or bankruptcy, is crucial.
INSIGHT

Spending Capacity and Inflation

  • A nation's spending capacity isn't unlimited, it's constrained by inflation risk.
  • Spending beyond productive capacity, including resources and labor, fuels inflation.
ADVICE

Managing Fiscal Policy

  • Build productive capacity sustainably, considering skilled workers and green infrastructure.
  • Address abusive market power through taxes and updated antitrust laws to control inflation.
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