Skip to main content
Climate_Crisis.jpg

"Could a Socialist Plot Save the Planet?"

From In These Times:

“For some, though, nationalization is not such a radical proposal. A new working paper from the Next System Project (NSP)—authored by Gar Alperovitz, James Gustave Speth, Ted Howard and Joe Guinan—outlines a plan for the U.S. government to take over the fossil fuel industry, using $1.15 trillion in public funds to do it.  […]

Nationalized natural resources aren’t a novel idea. Sixteen of the world’s 20 largest national oil firms are state-owned, and the International Monetary Fund estimates that—worldwide—the fossil fuel industry rakes in $10 million of government subsidies per minute.

What the NSP lays out is quite a bit different. Rather than propping up coal, oil and natural gas firms indefinitely, the authors propose to “take over the companies, wind them down, and do it in a way that does not load the taxpayers with the costs.”

 

Publication date: 2016-10-17
Parent publication: In These Times
Publication URL: http://inthesetimes.com/article/19560/could-a-socialist-plot-save-the-planet

More related work

August 31, 2020
Default Image

Climate Justice Fellow

Climate Justice Fellow The Democracy Collaborative is seeking a Climate Justice Fellow to provide support to the Climate & Energy Team and advance its mission to manage a just transition off extractive, fossil fuels and design pathways towards a clean energy system based on energy democracy

read more
August 17, 2020
Default Image

Fall Research Intern

NOTE: The deadline for this application was 9/14/20 and the application window is now closed. We are currently reviewing applications and will be in touch with candidates soon. Research Internship The Democracy Collaborative is hiring for a part-time, paid intern position focused on providing

read more
July 7, 2020
The role of regional cooperative banks

The role of regional cooperative banks in community wealth building

An important shift brought about by the community wealth building movement is towards regionalizing and localizing financial flows and keeping money in communities through initiatives such as local currencies and community banks. This is now rapidly catching on in the UK.

read more