The Next Big Idea Daily
How to Build a Just Economy
Feb 15, 2024
Nick Romeo, a writer for The New Yorker, shares his insights on economic policies and ideas. He covers topics such as worker ownership plans, gig economy reform, job guarantees, climate budgeting, and participatory budgeting in Oslo and Kashkash.
12:43
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Quick takeaways
- Ignoring externalities in pricing leads to human suffering and environmental collapse.
- Worker ownership plans can contribute to a strong middle class and increase retirement savings.
Deep dives
Externalities and True Cost Accounting
Ignoring externalities in the pricing of goods and services leads to great human suffering and environmental collapse. True cost accounting methods and the true price movement provide consumers and policymakers with crucial information to make informed choices that would motivate businesses to decrease externalities and compel policymakers to do the same.
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