A Job Guarantee is one of the single most powerful climate policies a government could implement. Why? Because once the question of employment is off the table, we can have an open conversation about scaling down destructive industries.
Let's clear up a few things about the JG:
1. The JG is about public use-value (not private profit), organized around actual community needs, and is paid a living wage.
2. It is the *opposite* of bullshit jobs. There is a tremendous amount of actually important work to do: care work, local food, essential services, energy transition, and ecological regeneration.
3. Creating guaranteed opportunities for meaningful, well-paid work that actually contributes to society would enable people to walk away from extractive industries.
4. I'm a fan of UBI too, don't get me wrong. And the two are not mutually exclusive. But the JG is hugely popular, supported by more than 70% of voters.
In chapter 5 of Less is More I explain how a JG could enable a rapid transition to an ecological, post-capitalist economy.
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This Bloomberg report is a stark reminder: we cannot rely on capital to achieve green transition. Capital is not investing enough in green energy because it's not as profitable as fossil fuels. The solution? We need a public finance strategy and fast.
Public finance, together with a credit guidance framework. Central banks have the power to force capital to stop making climate-destroying investments and direct investment instead in necessary activities: foreignpolicy.com/2024/08/16/cli…
People assumed that renewable energy development would increase once it became cheaper than fossil fuels. But capital doesn't care about cheapness. It cares about *profits*. Capital won't invest when the outlook is like this. You need to make the necessary investments directly.
I strongly disagree with these remarks. They are empirically incorrect, but also illustrate a terrible reactionary tendency among some environmentalists that must be rejected.
The claim is that ecological collapse will undermine industrial production, so we should not pursue development to meet needs in the South.
For instance, we should not ensure refrigerators for people b/c this would inhibit their ability to migrate away from uninhabitable zones!
Going further, the OP says instead of pursuing human development, we should be preparing for a world where we have no capacity to produce things like refrigerators and phones.
In this new paper we calculate the unequal exchange of labour between the global North and global South. The results are quite staggering. You'll want to look at this... 🧵
First, a crucial point. Workers in the global South contribute 90% of the labour that powers the world economy, and 91% of labour for international trade.
The South provides the majority of the world's labour in all sectors (including 93% of global manufacturing labour).
And a lot of this is high-skill labour.
The South now contributes more high-skilled labour to the world economy than all the high-, medium- and low-skilled labour contributions of the global North combined.
New paper: "How much growth is required to achieve good lives for all?"
Is it possible to realise this vision without exacerbating ecological breakdown? Yes! But it requires a totally different approach to the question of growth and development. 🧵 sciencedirect.com/science/articl…
Some narratives hold that ending poverty and achieving good lives for all will require every country to reach the GDP/cap of high-income countries. But this would have severe ecological consequences. It forces a brutal dilemma between poverty reduction and ecological stability.
Convergence along these lines is also not possible given the imperialist structure of the world economy. High consumption in the core of the world-system depends on massive net-appropriation from the periphery. This model cannot be universalized.
As usual, middle-income countries that have strong public provisioning systems tend to perform best. This model allows countries to deliver relatively high levels of human welfare with relatively low levels of resource use.
Latin America boasts eight of the ten best-performing countries.
Most high-income countries continue to decline. Norway and Iceland— often mistakenly regarded as sustainability leaders — have declined nearly to the level of the United States. aljazeera.com/opinions/2019/…
People would better understand North Korea’s disposition toward the US if they remembered that US forces perpetrated an industrial-scale bombing campaign that destroyed nearly all of the country’s cities and towns, civilian infrastructure, and 85% of all buildings.
Hundreds of thousands of civilians were incinerated. The US dropped more bombs on North Korea in the early 1950s than they did in the entire Pacific theatre during WW2, making North Korea one of the most bombed countries in the world. You don’t easily forget such a thing.
All of these are war crimes today under Protocol I of the Geneva Convention.
“After running low on urban targets, U.S. bombers destroyed hydroelectric and irrigation dams in the later stages of the war, flooding farmland and destroying crops.” en.m.wikipedia.org/wiki/Bombing_o…