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Nov 1, 2021Liked by Douglass Carmichael

Will we ever see something akin to what we committed to during WW II? https://www.motherjones.com/wp-content/uploads/2019/12/20191213_research-spending-chart_642.png

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powerful. question: the ww2 response created jobs and cash flow. The response to climate must reduce economic activity (on the assumption that such activity requires energy) not to increase it. Thought?

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So true. It requires a new economic model. Kate Raworth’s Doughnut Economy comes to kind. A huge investment on the one hand, tge creation of an entirely new economy on the other.

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Kate is smart and communicates, but there's no politics nor institutional analysis in her work that I have seen. So her proposals are policy not acts. So she seems stuck where we all are. Like watching a tsunami from the edge of the wet sand and knowing its too late to try to run back up the beach.

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Her advantage over ours is that as the current system gets increasingly brittle, people will look around for what alternatives might work instead and pick up her model: https://www.pbs.org/newshour/show/amsterdams-doughnut-economy-puts-climate-ahead-of-gdp

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Or in the words of Milton Friedman: "Only a crisis - actual or perceived - produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around."

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