The Case for the Green New Deal: Climate Debt and Colonial Reparations
March 25 / 7:00 pm - 9:00 pm
The Case for a Global Green New Deal: Climate Debt and Colonial Reparations. Modern Monetary Theory challenges the pillars of traditional macroeconomics, and has caught the attention of Senator Bernie Sanders, Representative Alexandria Ocasio-Cortez, and other U.S. lawmakers interested in funding a Green New Deal. Fadhel Kaboub, professor of Economics at Denison University, argues that MMT also allows for a Global Green New Deal across nations, which commits nations that have prospered from colonial exploitation to pay environmental reparations, and which redesigns the global economy to be more sustainable, prosperous, and equitable. Co-sponsors include Law and Political Economy chapters at Yale Law School, Columbia Law School, University of Pennsylvania Law School, Stanford Law School, and Berkeley Law School.