By Guy Dauncey September 13, 2019
Guy Dauncey is founder of the BC Sustainable Energy Association, co-founder of the Victoria Car Share Cooperative, and the author or co-author of ten books, including The Climate Challenge: 101 Solutions to Global Warming and Journey to the Future: A Better World Is Possible. He is currently completing The Economics of Kindness: A Ten-Year Transition to a Green Cooperative Economy. He lives in Yellow Point, on Vancouver Island, Canada. His website is www.thepracticalutopian.ca.
I premise my analysis on five statements:
- The climate emergency is real.
- The ecological emergency is real.
- The inequality, household debt and affordable housing crises are real.
- A new global financial crisis is lurking, caused by excessive corporate and private debt and banking deregulation.
- We need a rapid ten-year mobilization to achieve a transition to a new green economy, supported by a Green New Deal (GND).
What is a Green New Deal? The idea comes from President Roosevelt’s New Deal in the 1930s, which used a Keynesian economic approach with active government intervention to regulate the banks, manage the economy and invest heavily in job creation to overcome systemic economic failure and end the Great Depression. The New Deal firmly rejected the idea that the market, if left to itself, would solve the problem. That same idea today, based on faulty neoclassical economic theory, is an indirect cause of the dramatic rise of the climate and ecological emergencies as well as the 2008 financial crisis and the crises of inequality, debt and unaffordable housing.
Click here: Six Green New Deals to download this paper as a PDF.