The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
The solution is for governments to do the investment directly and at current interest rates. It can either tax those who are holding the savings glut or just ignore that money and create new money, well, at least those sovereign in their own currency can. The Eurozone would be fucked on that score, but what else is new?
My view is that global warming provides a challenge equivalent to that provided by WW II. It was when the business sector in the US and the UK and Commonwealth saw that their countries were committed to winning the war at any cost that the economies sprang back to life. The same would be true for a full on commitment to fighting global warming. We would get a twofer: put the economy back on track to full employment and do everything we can to save the planet. Sounds like an obvious winner to me.
But to the fossil fuel industry that would look like THE END. But that is far from the case, even for them. Their reserves could be even more valuable as feedstock for high value plastics, even if at a reduced level of extraction and resultant revenue. But they have assets and expertise that likely could be redeployed profitably as well. "It is not necessary to have hope in order to persevere."
by Frank Schnittger - Feb 2 1 comment
by Frank Schnittger - Jan 26 3 comments
by Frank Schnittger - Jan 31 3 comments
by Frank Schnittger - Jan 22 3 comments
by Cat - Jan 25 61 comments
by Oui - Jan 9 21 comments
by Frank Schnittger - Jan 13 28 comments
by gmoke - Jan 20
by Oui - Feb 310 comments
by Frank Schnittger - Feb 21 comment
by Oui - Feb 233 comments
by Oui - Feb 14 comments
by Frank Schnittger - Jan 313 comments
by gmoke - Jan 29
by Oui - Jan 2731 comments
by Frank Schnittger - Jan 263 comments
by Cat - Jan 2561 comments
by Frank Schnittger - Jan 223 comments
by Oui - Jan 2110 comments
by Oui - Jan 21
by Oui - Jan 20
by Oui - Jan 1841 comments
by Oui - Jan 1591 comments
by Oui - Jan 145 comments
by Frank Schnittger - Jan 1328 comments
by Oui - Jan 1221 comments
by Oui - Jan 1120 comments