I suppose we all owe UCLA economist and Hoover Institution senior fellow Lee Ohanian a debt of gratitude for telling us how it is. The “free market” propagandist recently took to the pages of The Hill, a Washington, D.C., journal for political insiders, to explain that the holy laws of economics dictate that humanity must consent to its own extermination. In a piece titled “The Green New Deal is a Pipe Dream,” Ohanian drowned climate activists’ overheated dreams of ecological salvation in the icy waters of bourgeois reality, arguing that the proposed legislation’s advocates are, in fact, nefarious, big-government “command-and-control” zealots—eco-Stalinists—who want “to impose their social and economic preferences on others at an extravagantly high economic cost.”
In the last years of his life, Dr. Martin Luther King spoke against what he called “the triple evils that are interrelated” – economic inequality, racism, and militarism. If King were alive today, he’d be talking about the five evils that are interrelated, adding patriarchy and Ecocide, the destruction of livable ecology. He’d also be noting the dangerous rise of a new national and global fascism linked to the presidency of a malignant racist who glories in accelerating humanity’s environmental self-destruction while the media obsesses over matters of far slighter relevance.
As alarm bells sound over the advancing destruction of the environment, a variety of Green New Deal proposals have appeared in the US and Europe, along with some interesting academic debates about how to fund them. Monetary policy, normally relegated to obscure academic tomes and bureaucratic meetings behind closed doors, has suddenly taken center stage.
The media and political establishments are diddling while the planet burns.
Are we really supposed to take their games seriously as humanity veers ever more dangerously off the environmental cliff?
Updated: Feb. 10, 2019 and Feb. 12, 2019
The Green New Deal endorsed by Alexandria Ocasio-Cortez and more than 40 other US Representatives has been criticized as imposing a too-heavy burden on the rich and upper-middle-class taxpayers who will have to pay for it, but taxing the rich is not what the Green New Deal resolution proposes. It says funding will come primarily from certain public agencies, including the Federal Reserve and “a new public bank or system of regional and specialized public banks.”
Calls for a Universal Basic Income have been increasing, most recently as part of the Green New Deal introduced by Rep. Alexandria Ocasio-Cortez (D-NY) and supported in the last month by at least 40 members of Congress. A Universal Basic Income (UBI) is a monthly payment to all adults with no strings attached, similar to Social Security. Critics say the Green New Deal asks too much of the rich and upper-middle-class taxpayers who will have to pay for it, but taxing the rich is not what the resolution proposes. It says funding would primarily come from the federal government, “using a combination of the Federal Reserve, a new public bank or system of regional and specialized public banks,” and other vehicles.