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Rep. Alexandria Ocasio-Cortez Releases Green New Deal Outline

7 Feb

The Green New Deal legislation laid out by Rep. Alexandria Ocasio-Cortez and Sen. Ed Markey sets goals for some drastic measures to cut carbon emissions across the economy. In the process, it aims to create jobs and boost the economy. February 7, 20195:01 AM ET Amr Alfiky/NPR

 

Whether it’s a deadly cold snap or a hole in an Antarctic glacier or a terrifying new report, there seem to be constant reminders now of the dangers that climate change poses to humanity.

Rep. Alexandria Ocasio-Cortez, D-N.Y., and Sen. Ed Markey, D-Mass., think they have a start to a solution. Thursday they are introducing a framework defining what they call a “Green New Deal” — what they foresee as a massive policy package that would remake the U.S. economy and, they hope, eliminate all U.S. carbon emissions.
That’s a really big — potentially impossibly big — undertaking.
“Even the solutions that we have considered big and bold are nowhere near the scale of the actual problem that climate change presents to us,” Ocasio-Cortez told NPR’s Steve Inskeep in an interview airing Thursday on Morning Edition.
She added: “It could be part of a larger solution, but no one has actually scoped out what that larger solution would entail. And so that’s really what we’re trying to accomplish with the Green New Deal.”

What is the Green New Deal?
In very broad strokes, the Green New Deal legislation laid out by Ocasio-Cortez and Markey sets goals for some drastic measures to cut carbon emissions across the economy, from electricity generation to transportation to agriculture. In the process, it aims to create jobs and boost the economy.

 

 

In that vein, the proposal stresses that it aims to meet its ambitious goals while paying special attention to groups like the poor, disabled and minority communities that might be disproportionately affected by massive economic transitions like those the Green New Deal calls for.
Importantly, it’s a nonbinding resolution, meaning that even if it were to pass (more on the challenges to that below), it wouldn’t itself create any new programs. Instead, it would potentially affirm the sense of the House that these things should be done in the coming years.
Lawmakers pass nonbinding resolutions for things as simple as congratulating Super Bowl winners, as well as to send political messages — for example, telling the president they disapprove of his trade policies, as the Senate did in summer 2018.
What are the specifics of that framework?
The bill calls for a “10-year national mobilizations” toward accomplishing a series of goals that the resolution lays out.
Among the most prominent, the deal calls for “meeting 100 percent of the power demand in the United States through clean, renewable, and zero-emission energy sources.” The ultimate goal is to stop using fossil fuels entirely, as well as to transition away from nuclear energy.

 

https://apps.npr.org/documents/document.html?id=5729033-Green-New-Deal-FINAL

 

In addition, the framework, as described in the legislation as well as “FAQs” from Ocasio-Cortez’s office, calls for a variety of other lofty goals:
“upgrading all existing buildings” in the country for energy efficiency;
working with farmers “to eliminate pollution and greenhouse gas emissions… as much as is technologically feasible” (while supporting family farms and promoting “universal access to healthy food”);
“Overhauling transportation systems” to reduce emissions — including expanding electric car manufacturing, building “charging stations everywhere,” and expanding high-speed rail to “a scale where air travel stops becoming necessary”;
A guaranteed job “with a family-sustaining wage, adequate family and medical leave, paid vacations and retirement security” for every American;
“High-quality health care” for all Americans.

Which is to say: the Green New Deal framework combines big climate-change-related ideas with a wish list of progressive economic proposals that, taken together, would touch nearly every American and overhaul the economy.
Are those ideas doable?
Many in the climate science community, as well as Green New Deal proponents, agree that saving the world from disastrous effects of climate change requires aggressive action.
And some of the Green New Deal’s goals are indeed aggressive. For example, Ocasio-Cortez told NPR that “in 10 years, we’re trying to go carbon-neutral.”
According to Jesse Jenkins, a postdoctoral environmental fellow at Harvard’s Kennedy School, that may be an unreachable goal.

“Where we need to be targeting really is a net-zero carbon economy by about 2050, which itself is an enormous challenge and will require reductions in carbon emissions much faster than have been achieved historically,” he said. “2030 might be a little bit early to be targeting.”
Similarly, removing combustible engines from the roads or expanding high-speed rail to largely eliminate air travel would require nothing short of revolutionizing transportation.
Likewise, some of the more progressive economic policies — universal health care and a job guarantee, for example — while popular among some Democrats, would also be very difficult to implement and transition into.

 

 

On top of all that, implementing all of these policies could costs trillions upon trillions of dollars.
Altogether, the Green New Deal is a loose framework — it does not lay out guidance on how to implement these policies.
Rather, the idea is that Ocasio-Cortez and Markey will “begin work immediately on Green New Deal bills to put the nuts and bolts on the plan described in this resolution.”
And again, all of this is hypothetical — it would be tough to implement and potentially extremely expensive… if it passed.
So did the idea of a Green New Deal start with Ocasio-Cortez?
Not at all.

While the Green New Deal has in the last year or so grown central to progressive Democrats’ policy conversations, the idea of a Green New Deal itself is well over a decade old. Environmentalists were talking about it as far back as 2003, when the term popped up in a San Francisco Chronicle article about an environmentalist conference.
It gained traction with a 2007 New York Times column from Thomas Friedman, where he used the phrase to describe the scope of energy investments he thought would be necessary to slow climate change on a large scale.
The phrase was also used around President Obama’s 2009 stimulus, which had around $90 billion worth of environmental initiatives.
While the idea gained some currency in Europe and also in the Green Party, it wasn’t until after the 2016 election that it really gained broad popularity on the left in the U.S. (Vox’s Dave Roberts has a more thorough history here).
This latest iteration is different both in the political energy that it has amassed and the grand scope it is taking. While it was a product of the progressive activist community, Ocasio-Cortez has been perhaps the most visible proponent of the plan, and has helped it gain nationwide attention.
So will it pass?
That looks unlikely.

 

 

Yes, there’s some energy for it on the left — some House Democrats have already said they will support the bill. However, there are indications House leadership isn’t prioritizing the idea as much as those more liberal Democrats would like — Speaker Nancy Pelosi frustrated Green New Deal proponents by not giving them the kind of committee they wanted to put the policies together.

In addition, it’s easy to see how the bill could be dangerous for moderate House Democrats, many of whom come from swing districts and may be loath to touch such a progressive proposal.
Among Republicans — even those worried about climate change — the package, with its liberal economic ideas, will also likely be a nonstarter.
“Someone’s going to have to prove to me how that can be accomplished because it looks to me like for the foreseeable future we’re gonna be using a substantial amount of fossil fuels,” said Rep. Francis Rooney, R-Fla., co-chair of the bipartisan Climate Solutions Caucus, speaking to NPR before the Green New Deal’s text was released.
For his part, Rooney is in favor of a carbon tax, a policy he helped propose with a bipartisan group of lawmakers in November. Information from Ocasio-Cortez’s office says that the Green New Deal could include a carbon tax, but that it would be “a tiny part” of the total package of policies.
Meanwhile, there’s little chance of a Green New Deal getting a vote in the Republican-controlled Senate.
If it’s not going to pass and it’s not even binding, why is it worth even talking about?
It’s worth talking about because it already is a politically powerful idea among Democrats.

Already, presidential candidates are being asked whether they support the idea of a Green New Deal, meaning it’s easy to see the issue becoming a litmus test for some voters in both the 2020 congressional elections and the presidential election.
To more liberal Democrats, the prospect of such an ambitious economic and environmental package at the center of the 2020 campaign may be particularly energizing.
“I think it’s like a really weird instinct that the Democratic Party develops to not be exciting intentionally,” said Sean McElwee, co-founder of the progressive think tank Data for Progress. “Most of politics is getting people excited enough to show up and vote for you. And I think that a Green New Deal and Medicare for All — these are ideas that are big enough to get people excited and show up to vote for you.”

For her part, Ocasio-Cortez says that a policy like the Green New Deal could get voters excited enough to pressure their Congress members to support it.
“I do think that when there’s a wide spectrum of debate on an issue, that is where the public plays a role. That is where the public needs to call their member of Congress and say, ‘This is something that I care about,’ ” she told NPR, adding, “Where I do have trust is in my colleagues’ capacity to change and evolve and be adaptable and listen to their constituents.”
That said, it’s easy to see how a Green New Deal litmus test could backfire on that front, endangering some Democrats — particularly in swing districts.
But, it’s not just about national politics. The national-level energy for a Green New Deal could boost efforts in cities and states. New York Gov. Andrew Cuomo, for example, has been pushing a Green New Deal in his state.
Aside from the politics, of course, there’s the fact that climate change remains an impending threat — one for which the world has yet to come up with a fix.
“It’s a big legislation because it’s a huge [expletive] problem! We’re all going to die,” said McElwee. “Every week it seems like the the risks of climate change become more real, and the amount of devastation it is going to wreak upon humanity becomes larger, and that means we have to do bigger things.”

 

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Demanding Lawmakers Forge ‘Path Away From Climate Suicide,’ Groups Kick Off Green New Deal Push

5 Feb

“We have no time to lose in the fight to avoid irrevocable climate chaos.”
by Jessica Corbett, staff writer

GND

A coalition of progressive groups has launched a week of action to demand a progressive Green New Deal from federal lawmakers.

 

Building on the grassroots momentum that has thrust the Green New Deal onto a national stage, a coalition of progressive groups on Monday launched a week of action to demand climate leadership from federal lawmakers, calling for a plan to fully phase out fossil fuels and rapidly reform industries that produce massive amounts of planet-warming emissions while also promoting economic justice.

“To take action on climate change at the scale of the crisis, we need a Green New Deal,” declared May Boeve, executive director of 350.org. “It’s time for all progressive lawmakers to take real climate action and support a massive federal investment to bring health, safety, and justice to people and the planet.”
The Green New Deal desired by climate campaigners and a growing cohort of Democrats in Congress, led by freshman Rep. Alexandria Ocasio-Cortez (D-N.Y.), would pair sweeping policies to cut emissions, including a transition to 100 percent renewable energy, with programs to create jobs.

“It’s time for all progressive lawmakers to take real climate action and support a massive federal investment to bring health, safety, and justice to people and the planet.”
—May Boeve, 350.org

 

 

Janet Redman, climate and energy director at Greenpeace USA, urged legislators to “cement a turning point for our nation by ensuring that policies addressing the climate crisis also advance racial, economic, and gender equity while phasing out polluting fossil fuels starting with the communities already experiencing coal, oil, and gas pollution.”

Joshua Emerson Smith@jemersmith  .@350 kicks off a national week of action to support the #greennewdeal. Activist rally outside the office of @RepJuanVargas Monday as part of the effort. 4 11:11 AM – Feb 4, 2019 See Joshua Emerson Smith’s other Tweets

The week of action—which will feature hundreds of events throughout the country—comes amid reports that Ocasio-Cortez and Sen. Ed Markey (D-Mass.) are working on a legislative proposal that could be ready as soon as mid-week. Specifically, the week of action organizers want a deal that will:
Halt all new fossil fuel extraction, infrastructure and subsidies, and transitions power generation to 100 percent renewable energy by 2035 or sooner;
Rapidly decarbonize the agriculture and transportation sectors, and expand access to public transportation;
Ensure a fair and just transition, led by impacted workers and communities, including low-income and communities of color, without relying on corporate schemes or market-based mechanisms;
Uphold indigenous rights; and
Pass a national jobs guarantee, creating good jobs with collective bargaining and family-sustaining wages.
As Wenonah Hauter, executive director of Food & Water Watch, put it: “We have no time to lose in the fight to avoid irrevocable climate chaos. We need to ensure that the Green New Deal is sufficiently aggressive to meet the challenge.”

We need a #GreenNewDeal that:
Halts all new fossil fuel projects
Transitions to 100% renewable energy
Decarbonizes ag & transportation
Ensures a just transition led by impacted communities
Upholds Indigenous rights
Has a green jobs guarantee
https://
actionnetwork.org/event_campaign
s/demand-real-climate-leadership-from-our-new-congress
… pic.twitter.com/jvOU4h19OD 9:01 AM – Feb 4, 2019

“As Western wildfires rage and the Midwest freezes, Americans are thirsty for climate action,” said Climate Hawks Vote president RL Miller, pointing out that some new members of Congress were elected in November partly because of their bold positions on climate policy.
The Trump administration, meanwhile, continues to downplay or ignore the dangers of the human-induced climate crisis and pursue a deregulatory agenda that critics charge serves polluting industries at the expense of the public and the planet.

Under President Donald Trump’s watch, noted Liz Butler from Friends of the Earth, “carbon emissions have spiraled out of control, communities are suffering through devastating wildfires, hurricanes, and droughts, and Indigenous people are continuously denied their ancestral lands and rights.”
Thanks to the administration’s ongoing support for fossil fuels, Oil Change International’s David Turnbull warned that “our country is on the cusp of one of the largest bursts in dangerous oil and gas drilling ever seen, at precisely the time that we need to be moving full steam ahead in the opposite direction.”
As Bill Snape, senior counsel at the Center for Biological Diversity, concluded, “With an unhinged climate denier in the White House, it’s on Congress to chart a path away from climate suicide.”
Some members of Congress seem to be up for that challenge. While green groups kicked off actions on Monday—targeting Democratic leaders in the U.S. House—Axios reported that Ocasio-Cortez is circulating a “dear colleague” letter to solicit more co-sponsors for the measure, which calls for a “national, social, industrial, and economic mobilization at a scale not seen since World War II.”
Current co-sponsors, according to the outlet, include Democratic Reps. Brendan Boyle (Penn.), Joaquin Castro (Texas), Yvette Clarke (N.Y.), Pramila Jayapal (Wash.), Ro Khanna (Calif.), Ted Lieu (Calif.), Joe Neguse (Colo.), and Ayanna Pressley (Mass.).

 

“We have no time to lose in the fight to avoid irrevocable climate chaos. We need to ensure that the Green New Deal is sufficiently aggressive to meet the challenge.”
—Wenonah Hauter, Food & Water Watch

Alexandria Ocasio-Cortez’s office is circulating a “dear colleague” memo seeking more initial co-sponsors for a Green New Deal, which is slated to be introduced as early as this week
https://www.
axios.com/green-new-deal
-house-resolution-alexandria-ocasio-cortez-9bca3bd8-3932-43e8-87c9-caf2011ed533.html?stream=top-stories&utm_source=twitter&utm_medium=social&utm_campaign=limstream
…The first lawmakers lining up behind Alexandria Ocasio-Cortez’s Green New Deal resolution
It’s slated to be introduced as early as this week.
axios.com

Published on
Monday, February 04, 2019
by Common Dreams

 

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Noam Chomsky: Ocasio-Cortez and Other Newcomers Are Rousing the Multitudes

30 Jan

US linguist and political activist Noam Chomsky is pictured during a press conference after visiting former Brazilian President Luiz Inácio Lula da Silva at the Federal Police Superintendence in Curitiba, Brazil, after Lula was arrested on corruption charges, on September 20, 2018.
Heuler Andrey / AFP / Getty Images By C.J. Polychroniou, Truthout Published January 30, 2019

 

A quick glance around the world today reveals that politics almost everywhere — from the federal government shutdown in the US to the power struggle in Venezuela and from Macron’s crisis in France and UK’s Brexit nightmare to the Israeli-Iranian rivalry – are engulfed in a state of uncertainty and turmoil. Meanwhile, oligarchy is replacing democracy as the widening social and economic gap between rich and poor continues unabated. So, who rules the world now? The US is in a state of relative decline, but neither Russia nor China has the capacity to control global developments. How do the super-rich and corporations factor into this equation? In this exclusive interview, world-renowned linguist and social critic Noam Chomsky provides penetrating insights into some of the most critical developments going on in the world today.
C.J. Polychroniou: After 35 days of a partial government shutdown, Trump signed a three-week funding bill but without securing money for the border wall. Leaving aside for the moment the surrealist nature of contemporary US political life, do you detect some hidden political strategy behind Trump’s funding conflict over the border wall with the Democrats?
Noam Chomsky: There’s a political strategy, but I’m not convinced that it’s hidden. With Trump, everything is pretty much on the surface. There have been constant efforts by political analysts to discern some deep geostrategic or sociopolitical thinking behind his performances, but they seem to me unconvincing. What he does seems readily explained simply on the well-grounded assumption that his doctrine is simple: ME!
Trump understands that he has a primary constituency — extreme wealth and corporate power — and that he has to serve its interests or he’s finished. That task has largely been assigned to the Ryans and McConnells, who have performed it admirably. Profits are skyrocketing, real wages are barely increasing despite low unemployment, regulations that might limit greed (and help mere people) are being dismantled, and the one legislative achievement — the tax scam — put lots of dollars in the right pockets and created a deficit that can be used as a pretext to undermine benefits. All is working smoothly — with analogues worldwide.

 

 

But Trump must maintain enough of a voting base to stay in power. That requires posturing as the defender of the ordinary guy against hated “elites” (always suppressing the true “masters of mankind,” to borrow Adam Smith’s phrase for the merchants and manufacturers who were “the principal architects” of policy). This act is helped along by such figures as Rush Limbaugh, who instructs his tens of millions of followers that they should beware of “the four corners of deceit: government, academia, science and media,” institutions that “are now corrupt and exist by virtue of deceit.” So, he argues, just listen to ME.
Meanwhile Trump must rise to the defense of the masses from awesome threats, chief among them now the hordes of “rapists,” “murderers” and “Islamic terrorists” he says are being mobilized down south to storm across the border and slaughter decent law-abiding white Christian Americans. We must therefore have a “beautiful wall” — which they will pay for. Trump promised that, and to back down would not only betray the trembling masses but also be a defeat, which his ego cannot tolerate.
The game is not really new. After all, the revered Ronald Reagan bravely donned his cowboy uniform and declared a National Emergency to protect the country from the Nicaraguan army, supposedly poised to destroy us all only two days’ drive from Harlingen, Texas. Trump is only carrying it further, helped by the fading of such infantile notions as “truth” — or “false realities,” to borrow Jared Kushner’s innovation. Former Secretary of State Dean Acheson’s admonition that policymakers must be “clearer than truth” has long passed into obsolescence. They can do far better in the atmosphere of “alternative facts” for those liberated from the four pillars of deceit. I doubt that there is any deeper political strategy.

Furthermore, such performances are rather natural, perhaps even necessary. As both parties have drifted to the right during the neoliberal assault on the population, the Democrats abandoned the working class and became pretty much what used to be called “moderate Republicans” (something that is beginning to change now in promising ways) while Republicans climbed so deeply into the pockets of the super-rich and corporate power that it became impossible for them to gain anywhere near enough votes on their actual policies. Antics of the Trump style fit the requirements, along with a variety of measures to suppress voting and increased reliance on the many regressive aspects of the constitutional system, which by now make it possible for a small minority of white Christian traditional rural older citizens to have effective control of the government. The tendency is increasing and may soon lead to a major political crisis since it is virtually ineradicable given the structure of the Senate, designed by the Framers so that the small states would ratify the mostly unpopular Federal Constitution. A topic for another day.

 

 

Responding to Alexandria Ocasio-Cortez’s call for measures to tackle climate change, press secretary Sarah Huckabee Sanders made the incredible statement that climate change should be left to God. Don’t you find it utterly mysterious and indeed dangerous that such thinking still prevails among US public officials in the 21st century? And, really, how well do you think that such messages resonate with the American public today?
Sanders’s insight is not new. She is in good company. After all, the former chair of the Senate Committee on Environment and Public Works, James Inhofe, condemned efforts to address global warming as sacrilege: “God’s still up there,” he proclaimed, and “the arrogance of people to think that we, human beings, would be able to change what He is doing in the climate is to me outrageous.” It seems to work, at least in Oklahoma, where the senior senator has been in office since 1994. Doubtless well beyond Oklahoma, in a society with fundamentalist religious commitments that are far beyond the norm.
Yes, mysterious and dangerous — as is the fact that half of Republicans deny that global warming is even taking place, and of the rest, barely more than half think that humans have some responsibility for it. But there’s good news too. Trump’s new acting administrator of the EPA, former coal industry lobbyist Andrew Wheeler, agrees that global warming is probably happening — a problem he considers to be an “eight or nine” on a one-to-10 scale of concern, he informed Congress at his confirmation hearings.

Venezuela seems to be in the throes of a civil war. The US backs Juan Guaidó as interim president, in turn forcing Nicolás Maduro to consider expelling US diplomats, a decision he eventually backed away from, all while the leaders of China, Russia and Turkey slam Trump’s stance in Venezuela. First, what’s your assessment of what’s happening in Venezuela, and, second, why is it that much of the left worldwide continues to support Maduro when it is obvious that he has been a complete disaster? Maduro has been a disaster, and the best the opposition has to offer is the self-declared President Juan Guaidó. About him little is known, apart from his great admiration for the neo-fascist Brazilian president Jair Bolsonaro, whom Guaidó praised for his commitment to “democracy [and] human rights,” as illustrated, for example, by his criticism of Brazil’s military dictatorship — because it … didn’t murder 30,000 people as in neighboring Argentina, the worst of the vicious military dictatorships that swept across South America from the ‘60s.
The roots of the Venezuelan disaster go back to failures of the Chavez administration, including its failure to diversify the economy, which is still almost entirely reliant on oil export. Venezuelan opposition economist Francisco Rodríguez, former chief Andean economist for the Bank of America, notes the failure of the government to set aside reserves during the period of high oil prices so it was at the mercy of international financial markets when prices dropped sharply in 2014 — and has been blocked from access to credit by harsh US sanctions, which have exacerbated the effects of what Rodríguez describes as the “atrocious” mismanagement of the economy under Maduro. Writing in Foreign Policy, Rodríguez observes that the policy of “Starving the Venezuelan economy of its foreign currency earnings risks turning the country’s current humanitarian crisis into a full-blown humanitarian catastrophe.” Arguably that is the purpose, following the Nixon-Kissinger script of “making the economy scream” to undermine the Allende regime. (That was the soft track; the hard track, soon implemented, was brutal military dictatorship.)
The drift toward civil war, with outside interference, is all too apparent. There is still room for negotiations among the contending parties, but it diminishes daily as the crisis deepens. Maduro is digging and Washington is intensifying its intervention, imposing new sanctions and selecting the egregious Elliott Abrams to join Bolton and Pompeo in what has been called “Trump’s axis of evil.” If skeletons can shudder, many must be doing so in the Central American countries that Abrams helped to ravage during Reagan’s terrorist wars.

 

 

Israel and Iran seem to be moving ever further closer toward a full-blown war. Why are they clashing in Syria?
Iran joined Russia in ensuring Assad’s victory in Syria, along with Iran’s Lebanese ally Hezbollah. Israel has been bombing Syria regularly. Four months ago the IDF reported over 200 strikes against Iranian targets since 2017, and they have been increasing since. Israel, of course, has overwhelming military dominance in the Middle East, even apart from its close alliance with the US, which lavishly funds its military with the most advanced weapons in the US arsenal and even uses Israel to pre-position US weapons. And, of course, Israel is the region’s sole nuclear power, the reason why Washington has regularly blocked international efforts, led by the Arab states and Iran, to establish a nuclear weapons-free zone (furthermore, WMD-free) in the Middle East. That would end any imagined Iran nuclear threat, but it is unacceptable because the primary US client state in the region would have to open its nuclear arsenal to inspection, and those who regard US law as having some force would have to stanch the flood of military support for Israel.
Iran is not under US control and is therefore an enemy. Furthermore, the US and Israel recognize that Iran is a deterrent to their free resort to force in the region. The same is true of Hezbollah, whose Iranian-supplied missiles target large parts of Israel. The US and Israel have been threatening to attack Iran for years (“all options are open”) in radical violation of the UN Charter (hence the US Constitution), but that is a matter of no concern for lawless states with overwhelming power. And Trump has, of course, escalated the confrontation by withdrawing from the Iran nuclear agreement. An actual invasion of Iran would be too costly and dangerous, but the US-Israel might consider attacking from a distance after somehow neutralizing Hezbollah (which would mean destroying much of Lebanon). The consequences could be devastating.
In Davos, the multibillionaires expressed annoyance at and even fear of the presence of radical Democrats in the US Congress and their talk of “soaking the rich” on taxes. Has a global financial oligarchy replaced democracy in today’s advanced capitalist world?

 

 

It’s impossible to replace something that has never really existed, but it’s true that the partial democracies of the West have been undermined further by the financialization of the international economy during the neoliberal years. That’s a large part of the reason for the bitterness, anger and resentment, mislabeled “populism,” that is shaking the foundations of the western democracies, where the centrist political parties that have run the political system are crumbling in election after election.
Many analysts have to account for the rise of such “populism” throughout the neoliberal capitalist world on the basis of psychic disorders — in one respected version, impulses “deep in our psyches and bodies beyond matters of fact: physical pain, fear of the future, a sense of our own mortality.” It is, however, not really necessary to appeal to an epidemic of irrationality and “emotional appeals” somehow spreading over the domains subjected to the neoliberal assault of the past generation, including the enormous growth of largely predatory financial institutions with its deleterious impact on democratic systems of governance.
Fear that the “rascal multitude” will threaten the property of the self-designated “men of best quality” traces back to the first modern democratic revolution in 17th century England, and was a major concern of the framers of the US Constitution in its successor a century later. It reappears constantly when there is even a minor threat to overwhelming power, as in the famous Powell memorandum of 1971, which warned that the world is practically coming to an end because of the slight infringement on overwhelming business domination of the society. The influential manifesto, sent to the US Chamber of Commerce, helped set off the harsh counterattack in the years since.
It’s not surprising that these fears are surfacing in Davos as a few young Democratic representatives are arousing the rascal multitude again.
For many years, a considerable majority of the US population has favored higher taxes on the rich, while they regularly decline. And now, a few recently elected members of Congress are advocating what the public wants, most vocally Alexandria Ocasio-Cortez, who even went so far as to suggest tax rates at a level regarded as optimal for the economy by the most prominent specialists (Nobel laureate Peter Diamond, Emmanuel Saez, among others). Scandalous indeed.
What else can one expect when 26 people now have as much wealth as half the world’s population, according to the latest of the regular Oxfam reports on inequality?
No wonder the “masters of mankind” are trembling.

C.J. Polychroniou
C.J. Polychroniou is a political economist/political scientist who has taught and worked in universities and research centers in Europe and the United States.

 

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