Post by account_disabled on Mar 11, 2024 9:02:38 GMT 1
Of suggestions for how we can build back better, but it would be a disservice to the present if we are not clear about what will lead to recovery. It will be the people. This virus has exposed the fragility of our economic system, a system that has been taking a heavy toll on the most vulnerable for Spain mobile number list Far too long. As we shelter in place, we are supported by essential workers, many of whom do not even earn a living wage. In the starkness of our self-isolation we can now see that the people we need most are often the ones we value the least. Mark carney recently wrote in the economist : after decades of individuals taking a lot of risks, the bill has arrived, and people don't know how to pay it. The people who have been rigging the “game” now recognize that the curtain has fallen and everything has gone into a tailspin.
The financial times, flagship newspaper of the davos elite, published an unsigned editorial last april: radical reforms, which reverse the direction of the policy prevailing in the last four decades, will have to be put on the table, governments will have to accept a more active role in the economy, they will have to consider public services as investments and not as liabilities and find ways to make labor markets less insecure. Redistribution will be back on the agenda, the privileges of the elderly and the rich. Policies that until recently were considered eccentric, such as basic income and wealth taxes, will have to be on the table. If the goal of economic recovery is to get as many people back to work as quickly as possible and lay the foundations for a strong economy that can get us out of debt, there may be no more effective strategy than implementing a climate lens. Putting a climate lens on economic stimulus sounds like a restriction or dilution of the primary mission.
But rather than a limitation or dilution, it's more like our long-term economic potential is reinforced. This is because the clean economy is typically more labor intensive (think retrofits) and has higher compound annual growth rates - more than double in most cases - compared to the general economy. This contradicts the popular perception that carbon reduction policies are simply expensive. That might have been true 10 years ago when the cost of clean technologies was high. But since then, the relentless march of technological progress has driven down the costs of clean technologies, and they continue to fall. As clean energy production and storage becomes cheaper, the construction of smarter and more efficient buildings and industries, and the electrification of transportation (even with oil at negative prices, electricity remains by far the cheapest way to move a car), demand for these products increases, and the economies that invest accordingly rise to the top.