Do you suppose it may well’t get a lot worse than COVID-19 lockdowns?
Assume once more. An institution-connected lefty professor says that in “the close to future, the world could must resort to lockdowns once more — this time to deal with a local weather emergency.”
“Beneath a ‘local weather lockdown,’ governments would restrict private-vehicle use, ban consumption of purple meat, and impose excessive energy-saving measures, whereas fossil-fuel firms must cease drilling,” writes Mariana Mazzucato, a professor on the Economics of Innovation and Public Worth Middle at College Faculty London, in a paper titled “Avoiding a Local weather Lockdown.”
The title of her paper may be very deceptive. She believes local weather lockdowns might be needed except we “overhaul our financial buildings and do capitalism in another way.”
Three obstacles to overtake should be eliminated, she says, “enterprise that’s shareholder-driven as a substitute of stakeholder-driven, finance that’s utilized in insufficient and inappropriate methods, and authorities that’s primarily based on outdated financial pondering and defective assumptions.” She is de facto speaking about fascist economics, the place governments set the insurance policies of “non-public” sector corporations: