Giving Compass’ Take:
· Writing for the Cato Institute, Ryan Bourne talks about Alexandria Ocasio-Cortez’s Green New Deal and why he thinks it looks like a bigger nationalization of the economy disguised as an act for climate change.
· What is the Green New Deal? How will it affect the US economy? What is the goal of the Green New Deal?
Details of Rep. Alexandria Ocasio-Cortez’s long-awaited Green New Deal have dropped. On Thursday, alongside Sen. Ed Markey of Massachusetts, she published a resolution and Q&A document that laid out the aims and tools intended to transform the United States into a zero net emissions economy.
At least, that’s how it was sold.
Delve into the text, and the climate change-curbing veneer amounts to a Trojan horse for a bigger nationalization of the economy than seen under President Franklin D. Roosevelt. The sponsors themselves say their goal is the “massive transformation of our society” in a progressive image, rather than simply stopping global warming.
How else can one explain policies that include a federal jobs guarantee, economic security for those unable to work, provision of housing, free health care, higher education for all and a family living wage? Besides the plan’s calls for electrifying the whole transport system and undertaking a crippling federal financing of renewable energy over 10 years, it reads like a wish list for socializing the economy.
Read the full article about the Green New Deal by Ryan Bourne at Cato Institute.
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