> the fact that the US is a serious player in hydrogen, geothermal and carbon capture is not by accident. What they all have in common is that they are the favored “clean technologies” of US fossil fuel industries and widely regarded with suspicion with those interested in a comprehensive green energy shift
Adam, you go too far in claiming the mantle of "those interested in a comprehensive green energy shift" as disjoint from those trying to scale hydrogen, geothermal and carbon capture as real solutions. The existence of hydrogen and CDR greenwashing tactics by fossil fuel interests does not invalidate excellent work by Fervo / Eavor / Dandelion / Quaise etc or the many serious-albeit-yet-to-scale efforts on permanent capture and sequestration.
More broadly, you imply (not for the first time) that the cause of non-leadership by America is fecklessness on the part of Democratic leaders rather than the absence of social coherence and solidarity on the part of the American electorate.
The work before us is to scale solutions and create the solidarity that will help us pay for them, not to scold leaders stuck awkwardly trying to straddle the gap between where our political economy is and where it needs to be.
'Together this suggests that the Marshall Plan and IBRD lending played a smaller role in European reconstruction than what has been commonly believed. Instead, Europe was primarily responsible for rebuilding its own economy.
The figure below shows the amount of aid each country received from the Marshall Plan in 2019 dollars. The United Kingdom and France received the most at $33 billion and $28 billion, respectively. However, these amounts represent no more than 5% of the gross national product of each recipient nation.4'
Indeed another study i remember showed the UK in particular getting a shot n the arm while other European countries manifested a more muted response.
2) Fear of losing (some of) Europe to the communist parties no doubt fueled American politics but stating that economic hardship was/would be the only driver for European's favourable pov on the communists is only half the story. As the de facto slayer of the Nazi's the USSR was held in quete high esteem in broad circles. While in most occupied countries it had been the local communists who, along with Christians, put up most of the resistance - and who were executed for it.
3) The Marshall plan díd produce fantastic stories. This is a great article about the gigantic American donkeys that were send to Greece:
When the American People Sent 15,000 Animals to Revitalize the Greek Countryside
Government Deese or Blackrock Deese? Looks like the latter. Would US/Global equity market cap be lifted from the current 60%+ by the plan? Uh, yea. Too harsh perhaps...is Deese plan lipstick on China's BTR pig?
https://carbon-price.com/ explains what the global hegemon must do so others follow and eventually align prices (initially with clubs). The US unwillingness to do this stifles everything Deese plan wants to instead do for otherwise plenty capable countries. Note too that US intransigence on co2. pricing is a billboard for EMs "US climate funding will be breadcrumbs".
Start a Marshal Plan or stop free co2 emissions? Occam's razor is the link above. If R's block it, their constituents tmust backsop the costs. FEMA, national disaster declarations, flood insurance - a State not aligned with the US NDC should be declared ineligible for these going forward.
Very nice! This essay hits on lots of topics, first and foremost, the mystery of the Dollar system and how it works. How can the IS run massive deficits and barely nudge inflation? Issues like this are never taught in economics class and draw the ire of conservatives. 2008 showed us that Washington will never allow a system like this to collapse over a mathematical aberration. Regarding the self-serving nature of this sustainable energy support, the US is selling its own high-tech solutions with high margins. The margins in solar and EV vehicles have already been squeezed. Of course this begs the question of the next industry to be disrupted by the Chinese mass production machine, which the article does not address.
> the fact that the US is a serious player in hydrogen, geothermal and carbon capture is not by accident. What they all have in common is that they are the favored “clean technologies” of US fossil fuel industries and widely regarded with suspicion with those interested in a comprehensive green energy shift
Adam, you go too far in claiming the mantle of "those interested in a comprehensive green energy shift" as disjoint from those trying to scale hydrogen, geothermal and carbon capture as real solutions. The existence of hydrogen and CDR greenwashing tactics by fossil fuel interests does not invalidate excellent work by Fervo / Eavor / Dandelion / Quaise etc or the many serious-albeit-yet-to-scale efforts on permanent capture and sequestration.
More broadly, you imply (not for the first time) that the cause of non-leadership by America is fecklessness on the part of Democratic leaders rather than the absence of social coherence and solidarity on the part of the American electorate.
The work before us is to scale solutions and create the solidarity that will help us pay for them, not to scold leaders stuck awkwardly trying to straddle the gap between where our political economy is and where it needs to be.
1) The post war European economies have by now been studied well enough to say that the effect of the Marshall plan was at best moderate.
St Louis FED: Marshall Plan May Not Have Been Key to Europe’s Reconstruction
July 01, 2021 https://www.stlouisfed.org/on-the-economy/2021/july/marshall-plan-not-key-to-europe-reconstruction
'Together this suggests that the Marshall Plan and IBRD lending played a smaller role in European reconstruction than what has been commonly believed. Instead, Europe was primarily responsible for rebuilding its own economy.
The figure below shows the amount of aid each country received from the Marshall Plan in 2019 dollars. The United Kingdom and France received the most at $33 billion and $28 billion, respectively. However, these amounts represent no more than 5% of the gross national product of each recipient nation.4'
Indeed another study i remember showed the UK in particular getting a shot n the arm while other European countries manifested a more muted response.
2) Fear of losing (some of) Europe to the communist parties no doubt fueled American politics but stating that economic hardship was/would be the only driver for European's favourable pov on the communists is only half the story. As the de facto slayer of the Nazi's the USSR was held in quete high esteem in broad circles. While in most occupied countries it had been the local communists who, along with Christians, put up most of the resistance - and who were executed for it.
3) The Marshall plan díd produce fantastic stories. This is a great article about the gigantic American donkeys that were send to Greece:
When the American People Sent 15,000 Animals to Revitalize the Greek Countryside
https://pappaspost.com/when-the-american-people-sent-15000-animals-to-revitalize-the-greek-countryside/
Very insightful opinion. Thank you.
Government Deese or Blackrock Deese? Looks like the latter. Would US/Global equity market cap be lifted from the current 60%+ by the plan? Uh, yea. Too harsh perhaps...is Deese plan lipstick on China's BTR pig?
https://carbon-price.com/ explains what the global hegemon must do so others follow and eventually align prices (initially with clubs). The US unwillingness to do this stifles everything Deese plan wants to instead do for otherwise plenty capable countries. Note too that US intransigence on co2. pricing is a billboard for EMs "US climate funding will be breadcrumbs".
Start a Marshal Plan or stop free co2 emissions? Occam's razor is the link above. If R's block it, their constituents tmust backsop the costs. FEMA, national disaster declarations, flood insurance - a State not aligned with the US NDC should be declared ineligible for these going forward.
Great analysis. Thanks.
Very nice! This essay hits on lots of topics, first and foremost, the mystery of the Dollar system and how it works. How can the IS run massive deficits and barely nudge inflation? Issues like this are never taught in economics class and draw the ire of conservatives. 2008 showed us that Washington will never allow a system like this to collapse over a mathematical aberration. Regarding the self-serving nature of this sustainable energy support, the US is selling its own high-tech solutions with high margins. The margins in solar and EV vehicles have already been squeezed. Of course this begs the question of the next industry to be disrupted by the Chinese mass production machine, which the article does not address.