An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, June 5, 2020
The Climate Case for a Jobs Guarantee — Kim Stanley Robinson
I see the author the article is a "science fiction writer". His article is fiction as well.
In particular he seems to think that because the oil industry declines, ergo that will expand the sort of things JG can do. I doubt it. History is full of examples of various industries declining, with other industries taking their place, and all without any assistance from JG type schemes. Thus the decline of oil does not expand the scope for JG.
The pros and cons of JG are based on entirely different arguments.
I see the author the article is a "science fiction writer". His article is fiction as well.
ReplyDeleteIn particular he seems to think that because the oil industry declines, ergo that will expand the sort of things JG can do. I doubt it. History is full of examples of various industries declining, with other industries taking their place, and all without any assistance from JG type schemes. Thus the decline of oil does not expand the scope for JG.
The pros and cons of JG are based on entirely different arguments.