The World is in Crisis. We Need a Global Green New Deal

The global economy is collapsing. When the pandemic began, experts at the International Monetary Fund predicted that we would see the worst economic downturn since the Great Depression. This week, they announced that it will be even worse than they thought.This disaster comes into a world already fa...

Full description

Saved in:
Bibliographic Details
Published inForeign Policy in Focus p. 1
Main Author Galant, Michael
Format Report
LanguageEnglish
Published Washington Inter-Hemispheric Resource Center Press 01.07.2020
Subjects
Climate change
Coronaviruses
COVID-19
Crises
Economic depression
Global economy
Inequality
Pandemics
Poverty
Public goods
Tax havens
Thatcher, Margaret H
Wages & salaries
Online AccessGet full text

Cover

More Information
Summary:The global economy is collapsing. When the pandemic began, experts at the International Monetary Fund predicted that we would see the worst economic downturn since the Great Depression. This week, they announced that it will be even worse than they thought.This disaster comes into a world already facing record inequality, desperate poverty, and a growing climate crisis. The COVID-19 pandemic has pushed a precarious world economy over the edge. This moment offers a rare opportunity to rethink the path that led us here and chart a new course out: a Global Green New Deal.We have a tendency to treat the global economy as something natural - beyond our control. We understand that poverty, epidemics, and environmental destruction within the United States are not inevitable. There are certain rules in place that benefit some over others. People are not poor because they fail to liftthemselves up by their bootstraps. People are poor because wages are too low, because we don't invest in public goods, because the wealthy are too powerful.
ISSN:1524-1939