It's Almost Thanksgiving: Let's Talk Turkey
by John Lawrence, November 14, 2020
So what are Republicans saying about a Biden administration? That the progressive wing of the Democratic party will push him too far to the left. Well, what exact policies would be "too far to the left"? Defund the police? That's just a radical slogan that means about as much as "Lock her up." In other words it means nothing in terms of either Biden's agenda or progressives in the Democratic party. Reform the police - that would be more like where the Democratic party actually stands. As far as Medicare for All, Biden favors Medicare for All Who Want It. I guess there are those Republicans who so love their employer based health insurance that they are terrified by the possibility that it might be taken away from them and replaced with something better. So Biden's position is go ahead and keep it. He just wants to make it possible that those who do want it will be able to have it or a public option which amounts to the same thing.
So Republican concerns amount to whipping up a bunch of meaningless hysteria just like Trump has always done. It's his stock in trade. So what about the Green New Deal? Who could object to creating jobs to build infrastructure and combat global warming? Oh maybe it's that they fear their taxes will go up? There's actually no reason why anyone's taxes should go up based on the realities as they exist in the 21st century. The government has shown that any amount of money can be found and spent to bail out banks or to add to the debt to give people tax breaks. Trump's tax cuts added a trillion dollars to the debt. Quantitative easing and the money to bail out the big banks amounted to several trillion dollars and yet it has had no adverse effect on inflation or anything else. Modern Monetary Theory has shown that Deficits Don't Matter whether those deficits originate from bailing out the banks or a Green New Deal or Biden's Green Deal which is more or less the same. Expect Republicans to cry bloody murder any time government threatens to formulate a program to combat global warming or to create jobs for poor people or to raise wages for essential workers to $15. an hour.
Money spent constructively on infrastructure or other things will never cause inflation. What will cause inflation is money that is pissed away frivolously or unconstructively. Reorienting out priorities can and should be done even if deficit spending is required to do it. When the economy is rebalanced, it eventually will mean that the rich will have to pay their fair share of taxes in order to reduce inequality. That's the main thing that Republicans are afraid of - that eventually the rich will have to pay their fair share of taxes. In the meantime economic history since 2000 has demonstrated the fact that, if trillions of dollars were found to bail out the banks and give tax cuts to the rich, trillions of dollars can be found to repair and rebuild infrastructure and prevent the world from the disaster of global warming. Private enterprise has done nothing but accelerate global warming because private enterprise consists of the fossil fuel industry. Private enterprise profits from pollution that it doesn't have to compensate for. Therefore, it's up to government to balance out what private enterprise seems incapable of doing. That's not to say that private enterprise is unimportant. It does some things very well, some things that government does not do well. It's a matter of finding the correct balance between private enterprise and government enterprise.
Does any fossil fuel worker object to working in the renewable energy industry providing they are guaranteed a job in that industry? I don't think so. There's no one that loves fossil fuels per se or just because they are fossil fuels. They are not like Scrooge who just loves the look and feel of money. Are there people who so much like the look and feel of oil that they can't bear the thought of working in an industry that doesn't pollute the planet? There are new industries coming - a straw with the look and feel of a plastic straw that biodegrades and doesn't stay in the ocean for hundreds of years like the plastic straw does. These straws are being manufactured today. If government can assist in the ramping up of this private enterprise - Newlight Technologies - we will be all better off except for the plastic straw manufacturers which are using mainly robots to produce their straws so there are not that many jobs involved there.
Huntington Beach, California-based Newlight produces an ocean-degradable biopolymer called PHB using air and greenhouse gas. Newlight's methods are supported by more than a decade of research and development as well as an extensive patent portfolio. Newlight's Series F finance round coincides with the commissioning of a new commercial-scale production facility in California called Eagle 3 and the launch of branded products including a line of cutlery and drinking straws for the food-service industry. Newlight's foodware products deliver a unique level of material safety and certified sustainability, resulting in high-performance, ocean-degradable foodware that works for people and the planet.
Government can provide an assist to private enterprise as long as that enterprise is headed in a new direction which doesn't pollute and which doesn't produce greenhouse gasses. Which is more important - hanging onto the familiar past or striking out in a new direction that saves the planet and makes it better for our grandchildren? Are we pioneers and adventurers like our ancestors or what?
