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Economist Veronique de Rugy explains why even socialist countries in Europe don't try to do this much.
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Last week, New York Representative Alexandria Ocasio-Cortez and Democratic Senator Edward Markey introduced the Green New Deal, a non-binding resolution that would radically overhaul America's economy in the name of fighting global climate change. The resolution bundled together a variety of big-ticket progressive policy priorities, not all of which were obviously related to climate change, from universal health coverage to a jobs guarantee to subsidized college.
The proposal was swiftly praised by much of the 2020 Democratic presidential field—yet even some liberals wondered if it was trying to do too much at once. In attempting to be all things to everyone, would the Green New Deal end up being nothing to anyone?
Veronique de Rugy, a Reason columnist and a senior research fellow at the Mercatus Center at George Mason University, joins us to explain what the Green New Deal means, why it would be so expensive, and why even socialist countries in Europe don't try to do this much.
Written by Peter Suderman. Edited by Meredith Bragg, Todd Krainin, and Mark McDaniel. Cameras by Bragg and Krainin.
FRACTURES by Ryan Little.
Photo Credits:
STEVE FERDMAN/UPI/Newscom
JONATHAN ERNST/REUTERS/Newscom
Estelle Ruiz/ZUMA Press/Newscom
Alex Edelman/SIPA/Newscom
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