The people of Puerto Rico are facing severe austerity measures; a new study, Austerity Versus Green Growth for Puerto Rico, presents a way out of the debt spiral says Professor Robert Pollin
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"Green growth" is an oxymoron, how long will it take for people to get it in their thick stupid heads? There can be no infinite growth in a finite system.
And Puerto Rico suffered so badly from the hurricane in huge part because of how overpopulated it is.
The bond holders need to eat the losses, called risk! Green energy would be perfect solution. The US needs to underwrite this project. This is what will happen in states soon if we do'n't put pressure on government reps.
Aircraft carries are nuclear powered. They don't have meltdowns. They operate in adverse conditions. They don't fail. Why can't that technology be shared?
What he fails to consider is that wind and solar would be destroyed by a future hurricane like Irma.
It looks good from the standpoint of promoting the flawed liberal agenda in the short term, but it will fail in the long term.
It seems every 2nd word he says is "growth". You can NOT have infinite growth on a finite planet. We have an ecological emergency because we are reaching the limits of growth. Someone who is obsessed with growth is not really interested in saving the ecosystem – which includes us.
A fuel tax is a tax on the poor because it disproportionately affects the poor, look at whats happening in France for instance. So the idea of imposing a carbon tax on a small, poor, climate devastated country to ostensibly promote economic growth while also paying off the rent seeking parasites on Wall St. and IMF is absurd!
Sustainable growth only comes from improving the lot of those at the bottom.
Growth is a load of crazy corporate bullshit, anyway.
All an economy needs is stability and equality – and it will be a prosperous economy rather than a tyrannical one as it is today.