Sunday, 3 February 2019 - 5:05pm
This week, I have been mostly reading:
- Death to the D.I.Y. Society — Ted Rall:
Since the 1970s corporate efficiency experts have burdened American consumers with a constantly expanding galaxy of tasks that businesses used to perform for them. Craig Lambert calls it “shadow work”—labor imposed on you that you’re not conscious of. The Do It Yourself (because companies won’t hire workers to do it anymore) movement faced little resistance in a culture that elevates personal responsibility and rugged individualism. Which is how, in less than half a century, we have become accustomed to pumping our own gas and planning our own vacations and scanning our own groceries and running our own cable TV diagnostic tests, forgetting how much easier life was with service station attendants and travel agents and cashiers and technicians who came to your actual house. Not only do we work harder, we earn less due to the disappearance of service personnel jobs from the labor market.
- Economic Growth and Climate Change: Mistaking an Output Variable for an Instrument — Peter Dorman at Angry Bear:
Economic growth is not, not, not a policy variable. There is no magic button available to society that delivers a given rate of economic growth, or degrowth for that matter. It’s an outcome of a host of factors, some of which are controllable, others not. Indeed, as we wait for quarterly GDP numbers to be revised several quarters later, we still don’t know what economic growth or contraction we’ve experienced. It is true that politicians often speak of the need to adopt some policy or other for sake of economic growth, but at best they are proposing to push on one of the many factors that influences it. There is no growth dial, and even if there were, twisting it a few notches would have almost no impact on carbon emissions, which need to fall by nearly 100% within two generations.
- Tome the Dancing Bug — by Ruben Bolling:
- 20th anniversary for the euro — no reason for celebration — Lars P. Syll:
When the euro was created twenty years ago, it was celebrated with fireworks at the European Central Bank headquarters in Frankfurt. Today we know better. There are no reasons to celebrate the 20-year anniversary. On the contrary. Already since its start, the euro has been in crisis. And the crisis is far from over. The tough austerity measures imposed in the eurozone has made economy after economy contract. And it has not only made things worse in the periphery countries, but also in countries like France and Germany. Alarming facts that should be taken seriously.
- The Democrats Are Climate Deniers — Branko Marcetic in Jacobin:
Elizabeth Warren is instructive in this respect. She is considered one of the most progressive candidates in the race in 2020, but Warren has never really shown any leadership on the issue, as numerous environmental activists attest to. The leading piece of legislation she authored (“I’ve got a plan to fight back,” she said at the time) only came in September of last year, and it’s a bill that — drum roll — would force public companies to disclose climate risks, so that “investors would have the information they need . . . [to] make smart decisions with their money.” If that sounds like what might generously be described as a quarter-measure that relies on market solutions to a problem actively being driven by the market, that’s because it is.
[Ignore the misguided "pay-for" bits in the article. And, on the subject of pay-fors:] - We Can Pay For A Green New Deal — Stephanie Kelton, Andres Bernal, and Greg Carlock in the Huffington Post:
Are taxes an important part of an aggressive climate plan? Sure. Taxes can shape incentives and help change behaviors within the private sector. Taxes should be raised to break up concentrations of wealth and income, and to punish polluters for the cost and consequences of their actions. In a period without federal leadership on the climate crisis, this is how many state and local governments are considering carbon pricing. That’s useful ― not because we “need to pay for it” but to end polluters’ harmful behavior. The federal government can spend money on public priorities without raising revenue, and it won’t wreck the nation’s economy to do so. That may sound radical, but it’s not. It’s how the U.S. economy has been functioning for nearly half a century. That’s the power of the public purse.
- Alexandria Ocasio-Cortez's 70 Percent Tax on the Rich Isn't About Revenue, It's About Decreasing Inequality — Vanessa Williamson in Common Dreams:
Progressive taxation should work as a corrective tax, like tobacco taxes or a carbon tax. Sure, tobacco taxes raise some revenue for the states. But their primary purpose is to curb smoking. While a carbon tax could produce a lot of government revenue, the real point is to limit global warming pollution. In essence, corrective taxes try to put themselves out of business; if tobacco tax revenues decline because people quit smoking, or if carbon taxes stop rolling in because the economy becomes fossil-free, that is victory, not defeat.