The world is on fire all around us. The free market can’t put that fire out — only massive state intervention in the economy can.
“I’m absolutely convinced we will get a low-carbon, no-carbon economy at some point in time. The challenge is will we get there in time to heed the
In addition to an economy held together with the baling-wire of Fed stimulus (that’s ending), both the U.S. and the world are facing a wild spectrum of assaults that could have huge economic impacts.
Capitalism creates social disorder and relies on police and prisons to manage it. Until liberals recognize this link between criminal justice and the economy, their reform programs will be ineffectual — and racist policing and mass incarceration will persist.
In small and large ways, the war in Ukraine is affecting the rest of the world, but nowhere is its effect more devastating than on countries such as Syria, Afghanistan, Yemen and South Sudan, to name but four, which have been torn apart by decades of warfare. For them the Ukraine crisis is the final destructive blow for weak governments and societies that are barely holding together.
What needs to be done? Nothing less than a revolution in the way the world’s economy functions and the fuels that drive it. What can be done? Not much. What will be done? Almost nothing. That’s my read on the latest (and reportedly the final) consensus report from the IPCC, a document reads less like the Book of Revelations than an after-bombing damage assessment. The bottom-line is that the 1.5C warming goal set by the panel in 2015 is obsolete. It’s unattainable. Defunct. Moreover, it’s always been unattainable. The international plans to slow global warming from Kyoto to Paris would not have been able to keep the climate below that threshold, even had they been fully-implemented. Needless to say, they haven’t been fully implemented. Far from it.
Mary Childs, the co-host of NPR’s “Planet Money,” joins Robert Scheer to discuss her new book, “The Bond King” on this week’s “Scheer Intelligence.”