Could a Socialist Plot Save the Planet?
In this article, Kate Aronoff describes the feasibility of a new proposal published by The Next System Project, a vision that combines Modern Monetary Theory with the urgent need to scale down fossil fuel consumption:
“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. If the red-baiting tactics Clinton’s campaign used against Sanders are any sign, making it happen under her administration will be an uphill battle, to say the least.”