This week we talk about another side of capitalism: the innovation economy. Can capitalism deal with climate change? How much depends on the role of the state? And who will pay? We compare the Green New Deal to FDR's original version: does history show us how to get this done? With Bill Janeway, author of Doing Capitalism in the Innovation Economy, Diane Coyle and Helen Thompson. Plus: David and Helen catch up with the latest comings and goings in British politics: are the two main parties starting to break apart? More - much more - next week.
The basic idea behind the Green New Deal is that an innovation economy faced with an existential crisis will need massive state investment. Is it being pitched right?
The state has longer time horizons and has to be a part of fundamental investments in technology.
Eventually, the productivity benefits of technical changes comes through, but it can take decades. Are we on the cusp of that with digital technology?
These are all international issues, but the frameworks are still domestic.
What about the independent group?
Mentioned in this Episode:
And as ever, recommended reading curated by our friends at the LRB can be found here: lrb.co.uk/talking