Just as the US GI Bill gave education, housing and income support to every unemployed veteran returning from the Second World War, the next Labour Government will guarantee that all energy workers are offered retraining, a new job on equivalent terms and conditions covered by collective agreements, and fully supported in their housing and income needs through transition.
The Green New Deal (GND) resolution introduced into the U.S. Congress by Representative Alexandria Ocasio-Cortez and Senator Ed Markey is a manifesto that has changed the terms of the debate over the country’s future, writes Dianne Feeley. Cutting through the Trump administration’s denials about who is responsible for the extreme weather we already face, it unites the issues of climate change with that of eroding workers’ rights, racism and growing inequality. (At the end of March, the Senate voted against the GND in what has been called a ceremonial stunt.)
The resolution affirms the overwhelming scientific consensus that these are human caused. Further, since the United States is responsible for a disproportionate amount of greenhouse gas emissions, it demands that this society must take the lead in “reducing emissions through economic transformation.”
Like so many others who suffered the dispiriting experience of studying economics at A Level (or even worse, at university), I had to plough through reams of economic diagrams in the standard textbooks like Samuelson’s dreary tome, writes Sean Thompson. The central image in mainstream economics is the circular flow diagram. It depicts a closed flow of income cycling between households, businesses, banks, government and trade, operating in a social and ecological vacuum. There is, according to received neo-classical wisdom, no reason for that closed system not to go on and on in endless equilibrium.
According to Kate Raworth, in her book Doughnut Economics: Seven Ways to Think like a 21st Century Economist, there’s only one problem with the circular flow diagram: it’s wrong. Energy, materials, the natural world, human society, power, the wealth we hold in common, all are missing from the model. The unpaid work of carers – principally women – is ignored, though no economy could function without them. Like rational economic man, this representation of economic activity bears little relationship to reality.