Financial Crisis—Environmental Crisis: the link with ‘green money’
The Ecopolitics Online Journal 3, Spring/Summer 2009: Green Economics, is dedicated to the following important topic:
* Financial Crisis—Environmental Crisis: What is the Link?
Co-editor Molly Cato writes:
All economists are looking on in horror as they see the slow motion car crash that is befalling the global economy. But green economists have a particularly disturbing vantage point. For us, the traditional Keynesian solutions of pumping more money into the economy to stimulate further growth can only lead us further into ecological crisis, by forcing economic growth beyond the limits of what the planet can stand. In this special issue of Ecopolitics a group of like-minded economic commentators have provide a critical analysis of how we find ourselves in this mess and make some positive proposals for ways out of it. Two of the articles are drawn from contributors to the original Green New Deal proposal – Colin Hines and Ann Pettifor. The other three address the issue of money creation directly. Rupert Read reassesses money from a philosophical viewpoint, while Mary Mellor draws the links between the nature of money creation and the unsustainability of the global economy.
Her own article proposes a restructuring of the international financial system so that the problem of climate change is made central.