The way out of the credit and the climate crunch is the same - a Green New Deal
Friday, 3 April 2009
But it's not happening. A study by HSBC has found that only 6 per cent of Britain's stimulus so far has gone to green projects. In the US, it is just 16 per cent. It is nonsense to claim there aren't enough green projects "shovel-ready": during World War Two, the industrial capacities of our countries was transformed from making consumer goods to making tanks and weaponry in less than sixty days. We could do the same.
But this alacrity shouldn't surprise us. The weight of conventional wisdoms and the sway of powerful corporations with vested interests in the old sickening world holds back even the better leaders."
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