Matthew Ehret
A Comparison of Two New Deals
Where FDR’s New Deal was premised the removal of Wall Street’s hegemony over national sovereignty via the Pecora Commission, Glass-Steagall, and SEC, Biden’s Green New Deal is shaped by Central Bankers’ Climate Compacts and green finance strategies authored by the richest oligarchs on the planet like the Bloomberg-Carney Task Force on Climate-Related Financial Disclosures. In fact, it shouldn’t come as a coincidence that the first legislative effort to establish a Green New Deal, was not American at all, but was submitted by Britain’s Lord Adair Turner in 2009 while he was acting head regulator of the City of London which remains the nerve center of world finance today as it was a century ago. Up until 2019, Lord Turner was the chair of George Soros’ Institute for New Economic Thinking- an organization devoted to making Huxley’s Brave New World a practical reality and upon which he still serves as Senior Fellow.
Where FDR created large scale infrastructure megaprojects like the Tennessee Valley Authority, Rural Electrification Project, Hoover Dam, Colorado River Basin programs, and St Lawrence Seaway which all had the effect of leap frogging to higher rates of industrial power than at any other time in history, Biden’s Green New Deal professes to do the opposite. Yes, jobs will be created in insulating a few million homes and building windmills and solar panels, however those jobs will be short lived. For once they are built there will be nothing left to do but maintain the solar panels with unionized squeegees in an imaginary world of no change and zero-technological growth that might look good in computer models, but has very little correspondence with humanity’s actual requirements for long term survival.
Recent Comments