Recovery and the Green Economy

Here’s a blue-collar view of work and the green economy, an economy that is geared to sustainability and stability. This kind of green capitalism could mean long term jobs for lots of folks, but a sustainable, green economy will not be able to support CEO compensation at the levels of the Reagan-Bush era.

I can live with that.

clipped from www.phillyburbs.com

Experts to Biden: Going green will help economy

Green jobs can improve the environment and jump-start the economy with the creation of well-paid positions, many of them union, experts told Vice President Joe Biden, Congressman Patrick Murphy and others on Friday during the first meeting of the White House’s Middle Class Task Force.
“Mr. Vice President, I was shocked to hear people refer to the green part of the recovery plan as pork,” he told Biden. Instead, Jones said, the Obama Administration’s jobs plan can be “a green wave that lifts all boats.”
Biden was joined by Energy Secretary Steven Chu, Transportation Secretary Ray Lahood, Education Secretary Arne Duncan, Labor Secretery-designate Hilda Solis and others. The task force is expected to meet monthly over the next year to explore topics such as retirement, college costs and elderly and child care.
Jenna Portnoy can be reached at 215-345-3060 or jportnoy@phillyburbs.com
February 28, 2009 12:00 AM

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The Depression is a Perfect Time to Retool the Economy

The predictable results of tax cuts and deregulation are upon us.  I think anyone who looks back at the previous two recessions will note that we hit the bottom for employment about 12-14 months into the economic contraction.  The current recession started in November or December 2007, yet in January and February 2009 the job loss rate has taken a big jump.  We did not hit the bottom of this economic contraction in the 12-14 months, instead it appears that the economic contraction picked up steam at that point.  Folks, I don’t want to just discourage everyone, but this is an economic crisis that is significantly different from what we have faced in the Post WWII era.

Here is a graph courtesy of The Daily Loaf:

 

So,  bad as this looks, and it does look remarkably bad, this is really good new because that crashing green employment line is a very large number of people who are willing to take a chance on dramatic change.  Getting the opportunity to go back to work in a public works type job that is dedicated to the creation of a sustainable economy is not a hard sell today. As it happens, creation of sustainable economies is an absolute necessity in the face of the diminishing resources and existential crisis that has been produces by capitalist economies that are focused on profit and growth and seldom, if ever, have a thought about questions of sustainability.