Financing the Green New Deal: A Plan of Action and Renewal

Author:
Robert Hockett
Date Published:
08/06/2020
Climate scientists have determined that we must act now to prevent an irreversible and catastrophic climatic tipping point, beyond which neither our own nor many other species can be assumed likely to survive.
Financing the Green New Deal Book Cover

On the way to that bleak ending, moreover, extreme socio-economic injustice and associated political breakdown–now well underway in nations already hard-hit by environmental crisis–can be expected to hasten as well.

The time has thus come to plan carefully, thoroughly, and on a scale commensurate with the crisis we face. This book, written by one of the key architects of the Green New Deal and prefaced by Representative Alexandria Ocasio-Cortez’s former Chief of Staff, indicates how to structure Green New Deal finance in a manner that advances the cross-cutting goals of maximum financial and economic inclusion, maximally democratic decision-making, and an appropriate division of roles both among all levels of government and among public and private sector decision-makers.

Integrating into one complete and coherent financial architecture such bold ideas as a ‘People’s Fed, ‘ an interdepartmental National Investment Council, integrated state and regional public banks, a Democratic Digital Dollar and digital Taxpayer Savings and Transaction Accounts made part of the monetary policy transmission belt, and an economy-wide Price Stabilization Fund, this book is critical reading for policymakers and citizens looking for a fresh path forward towards a revived and sustainable, progressive and productive America.

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