I share this, which I did not write:
Today (11am, 23 March) Francis Sealey is interviewing Richard Murphy about the Green New Deal and how it can be applied to our localities to achieve both sustainability and climate justice. Richard is one of the leading authorities in the country. He helped to design the elements of a new green deal that combines tackling emissions and achieving social justice. You can register here #sustainability #climatechange #greennewdeal
The discussion lasts for 30 minutes.
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I commend Francis on his excellent taste in interviewees!
I thought that was very good and really like what you said about local government bonds underwritten ultimately by the money creation power of the central government.
The interviewer seemed to conflate “local authority” with “local community” – local authorities here in Scotland are not really local – outside of the cities (e.g. Glasgow City Council) they are “regional authorities” and most definitely so in Argyll & Bute and Highland authority areas.
We still need to reform pensions though as if we don’t they will continue to feed financialisation.
Thanks Jim
Looks like Aberdeen City Council issued a £370m bond in 2016 with a maturity date in 2054
https://www.aberdeencity.gov.uk/services/council-and-democracy/aberdeen-city-council-bonds?fbclid=IwAR0w_H7ugFEZP9CUg7FZMJ3MBBsRv1JWH_XIE-cnKqL4iY1yaw67lGAkNac
Would I be right in saying that your Green new deal could be paid for by not wasting money on nuclear weapons? A few years ago CND estimated that the cost of upgrading to Trident was £205 billion over time. I assume that would be a fair bit higher now with the Tories expansionist nuclear weapon plans. Don’t know of CND’s numbers are totally reliable, but it’s a fair chunk of change. It does raise an interesting question about where we choose to spend money. Green economy or nuclear weapons, that would make an interesting referendum question, but not one that I would be confident the UK would make the right choice.
That would help