Only the government can afford to fund the New Green Deal, say the above authors. They add, forget about PPI because just won't cut it. Some things are too important to be left to the market where the competition between companies would hinder progress.We contend that decarbonization technology is too important to humanity to hide it behind US patents and trade secrets. To confront the crisis equitably and efficiently, we should publicly fund development and share the research with the world free. The GND should usher in a global ecological commons, not more profit-centric competitions over "scarce resources." Bloomberg The Green New Deal will be tremendously expensive. Every penny should go on the government's tab.
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We contend that decarbonization technology is too important to humanity to hide it behind US patents and trade secrets. To confront the crisis equitably and efficiently, we should publicly fund development and share the research with the world free. The GND should usher in a global ecological commons, not more profit-centric competitions over "scarce resources."
Bloomberg
The Green New Deal will be tremendously expensive. Every penny should go on the government's tab.