From: Marv Gandall <marvga...@gmail.com> Subject: Re: [Pen-l] The Leap Manifesto
To: Pen-L Economics <pen-l@lists.csuchico.edu> Message-ID: <825fd7e4-4919-4684-a813-66bb477d2...@gmail.com> Content-Type: text/plain; charset=utf-8 > On Mar 18, 2016, at 6:55 PM, Mark Wain <w...@comcast.net> wrote: > > >> Compulsory nationalization, on behalf of the society, of fossil mines, >> fuels and the carbon-based power plants and vehicle manufacturing has >> to be done in order to save the earth from total ruin. Financial >> incentives will not work. Advices and preaching do not go very far >> toward solving the survival problems. Under national ownership of >> means of production, economic growth will continue and survival is no longer a problem. >Why nationalize the fossil fuels industry anyway? It should just be shut down. The framers of >the manifesto evidently believe that would be the effect of the proposed measures to render >the industry uncompetitive and to embark on massive program of state and private investment in >the green sector, to be financed by ??an end to fossil fuel subsidies. Financial transaction taxes. >Increased resource royalties. Higher income taxes on corporations and wealthy people. A >progressive carbon tax. Cuts to military spending?. These are all demands which have been widely > circulated and were seen as the most likely to bring together a broad coalition of disparate groups >and individuals. I certainly hope the above-mentioned in-system approach will prevail over my out-system approach. But given the ruling class' hegemony and hesitating masses to make up their minds, nationalization via redemption seems to be a practical approach than either outright confiscation or forced shut-down. Others including the financial incentive approach can be tried first but they will fail one after another. Mark
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