Law of Markets

Dedicated to the economics and politics of the free market

Law of Markets

2019 Battle Lines: Capitalism and Growth (L-N) versus Socialism and Degrowth (ALP)

The story is from the US and about them but applies to us just as well: 2020 Battle Lines: Capitalism and Growth (R) versus Socialism and Degrowth (D). Here is much of the article but there is more at the link.

https://www.youtube.com/watch?v=RG9N4ZP5MQA

Alexandria Ocasio-Cortez is a character familiar to anyone who has spent substantial time on campuses in the past two decades

She’s a walking, talking social justice warrior soundbite machine, someone whose knowledge is a mile wide and an inch deep. Social media, where she excels, is perfect for shallow but woke wisdom.

At one level, she is the gift Donald Trump and Republicans could not have hoped for in their wildest dreams. Her wacky Green New Deal is so preposterous in many of its details and in its totality, it is a caricature. It’s a prime example of what I call Progressive or Parody?, where it’s “very hard to distinguish progressive political and social positions from parody.”

That four of the leading Democrat presidential candidates (Harris, Warren, Booker, Gillibrand) rushed to co-sponsor or endorse the Green New Deal will be a theme Republicans will drive home from today through Election Day 2020. That these four kneecapped themselves as General Election candidates is Ocasio-Cortez’s greatest accomplishment (for Republicans) so far.

At another level, though, Ocasio-Cortez should be taken seriously precisely because she is a character familiar to anyone who has spent time on campuses in the past two decades. She represents an ignorant ahistorical adoration for socialism that has captured a significant portion of the Democratic Party. Socialists like Ocasio-Cortez are the energy in the Democratic Party, which explains why presidential candidates immediately jumped on her bandwagon.

Capitalism versus Socialism is one battle line for 2020. Whether or not the ultimate Democrat nominee endorses the Green New Deal, the Green New Deal will be made to be the Democrat platform whether Democrats like it or not. Let’s have a vote on Capitalism versus Socialism.

At another level, it’s not just Capitalism versus Socialism. In listening to a 2015 audio of Mark Levin, I heard a term I had not heard before: Degrowth.

What is Degrowth? An academic association devoted to Degrowth describes it as follows:

Sustainable degrowth is a downscaling of production and consumption that increases human well-being and enhances ecological conditions and equity on the planet. It calls for a future where societies live within their ecological means, with open, localized economies and resources more equally distributed through new forms of democratic institutions. Such societies will no longer have to “grow or die.” Material accumulation will no longer hold a prime position in the population’s cultural imaginary. The primacy of efficiency will be substituted by a focus on sufficiency, and innovation will no longer focus on technology for technology’s sake but will concentrate on new social and technical arrangements that will enable us to live convivially and frugally. Degrowth does not only challenge the centrality of GDP as an overarching policy objective but proposes a framework for transformation to a lower and sustainable level of production and consumption, a shrinking of the economic system to leave more space for human cooperation and ecosystems.

Watch this video promoting degrowth, and it sounds a lot like the Green New Deal.

___

And in Oz, these people have already blown up power stations and are dead set on a socialist-green agenda. There’s a lot of stupidity around. I just hope there isn’t that much, but we shall see soon enough.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: