by Summary:
I am now in a very hot and humid Kyoto having left Australia yesterday in weather that was in some places 20 or more degrees Celsius above the norm for early Spring. The heat here and back home at this time of year is rather scary given what it portends. I also do not have much time today given I have been contending with various ‘moving in’ requirements. But I read an article on the plane last night which I think marks a divide between what ‘green’ progressives think and what I think is needed. I was talking to a friend the other day who remarked he was enduring what he termed ‘ecological anxiety’. In the week that followed, bushfires across Australia have started burning some months earlier than has been the typical pattern over a long period. There are massive ‘weather’ events now all
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I am now in a very hot and humid Kyoto having left Australia yesterday in weather that was in some places 20 or more degrees Celsius above the norm for early Spring. The heat here and back home at this time of year is rather scary given what it portends. I also do not have much time today given I have been contending with various ‘moving in’ requirements. But I read an article on the plane last night which I think marks a divide between what ‘green’ progressives think and what I think is needed. I was talking to a friend the other day who remarked he was enduring what he termed ‘ecological anxiety’. In the week that followed, bushfires across Australia have started burning some months earlier than has been the typical pattern over a long period. There are massive ‘weather’ events now all
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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I am now in a very hot and humid Kyoto having left Australia yesterday in weather that was in some places 20 or more degrees Celsius above the norm for early Spring. The heat here and back home at this time of year is rather scary given what it portends. I also do not have much time today given I have been contending with various ‘moving in’ requirements. But I read an article on the plane last night which I think marks a divide between what ‘green’ progressives think and what I think is needed. I was talking to a friend the other day who remarked he was enduring what he termed ‘ecological anxiety’. In the week that followed, bushfires across Australia have started burning some months earlier than has been the typical pattern over a long period. There are massive ‘weather’ events now all around the globe and it is becoming increasingly difficult for the sceptics to dismiss these conjunctions as random or ‘we just haven’t had data long enough’ type ruses. Some ‘green progressives believe the solution lies in governments inducing the financial speculators to shift funds into ‘green’ investments so that profitability can be safeguarded. They also believe that governments will get more money to invest this way (through providing inflation-indexed sovereign bonds). Talk about a vision for increased corporate welfare. My starting point is that we should do everything possible to keep the speculators out of our policy moves to decarbonise. It will end badly if we rely on the gamblers for the solution.William Mitchell — Modern Monetary Theory
It will end badly if we rely on the speculators and gamblers for a climate change solution
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia