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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Wednesday, September 23, 2020
Degrowth and MMT: A thought experiment — Jason Hickel
Environmental sustainability, a green new deal and MMT. MMT opens up policy space to accomplish green objectives.
Good read. Pass it along to your progressive friends that are still drinking the neoliberal kool-aid.
Very good, and close to what Bill Mitchell has said elegantly years ago. But there is also a need for a cultural change. For any of this to work, we need to move people away from seeking to buy positional goods, and substituting the desire for these with positional public goods -- say as defined by the status of this community over others.
Rather better than I expected. Degrowth, just like growthmanship focuses on something which should be ignored rather than aimed toward or against. Being for - or against it - means swallowing the neoliberal, neoclassical - and ultimately useless and unintelligible point of view, of GDP, of GDP growth. Hickel is still struggling, but he seems to understand this better than earlier pieces he's written.
A nickel for your thoughts :)
ReplyDeleteVery good, and close to what Bill Mitchell has said elegantly years ago. But there is also a need for a cultural change. For any of this to work, we need to move people away from seeking to buy positional goods, and substituting the desire for these with positional public goods -- say as defined by the status of this community over others.
ReplyDeleteSure looks like a cultural change will be achieved the hard way.
ReplyDeleteRather better than I expected. Degrowth, just like growthmanship focuses on something which should be ignored rather than aimed toward or against. Being for - or against it - means swallowing the neoliberal, neoclassical - and ultimately useless and unintelligible point of view, of GDP, of GDP growth. Hickel is still struggling, but he seems to understand this better than earlier pieces he's written.
ReplyDelete