modern monetary theory

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Global SolidarityTransatlantic Left VoicesClimate JusticeDossiersThe Biden Era

How to Design and Pay for a Green New Deal

There is a genuine acknowledgement by the political establishment that more economic relief is needed. They have come to recognize the need for more in addition to the CARES Act that was signed into law in March 2020 and the most recent Pandemic Relief Bill. It is likely that the Biden administration will boost economic relief while it attempts the herculean task of distributing 100 million COVID-19 vaccine doses in its first 100 days. However, all of this is simply temporary relief that keeps the economy from slipping into a Great Depression. What it does not do is constitute any structural remedy to the deeper socio-economic and ecological problems that we face. For that we must look elsewhere.

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