[lbo-talk] clocks, stopped and moving

Shane Mage shmage at pipeline.com
Wed Dec 17 12:03:56 PST 2008


On Dec 17, 2008, at 2:04 PM, Doug Henwood wrote:
>
> It's possible - possible - that the green energy stuff could launch
> a long-term boom, if it's done right.

Yes it could launch, if not a "boom," a new secular upswing (Kondratiev Wave). If its done right. But it won't be. Not with Obama committed to corn-ethanol, more drilling, nuclear power, "clean" coal (all representing diversion of the real resources that would be indispensable for that sort of green-energy program) and with any form of a carbon tax off the table. For a technological and structural revolution in the energy economy--nothing less would do the job--total fiscal commitment and rigorous economic planning are the starting gate. That just ain't where Obama is going.

Shane Mage


> This cosmos did none of gods or men make, but it
> always was and is and shall be: an everlasting fire,
> kindling in measures and going out in measures."
>
> Herakleitos of Ephesos



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