Lecture 3 Flashcards
Modernity and the environment
What is modernity?
- Modernity onset around 17 century
o Market society and capitalism, nation-state, liberal democracy, belief in progress through human agency and reason and finally, environmental degradation.
Ecomodernism
Green modernity by making industry more sustainable via tech.
Green keynesianism
Green modernity by making capitalism more sustainable via state.
What are the main ideas of ecomodernism?
o Environmental harm is integral to modernity because of industrialization.
o Green modernity by greening industry. (example on slides)
o Potentially complemented by demographic trends and future decline in global population.
o Green super industrialization is seen as a new and higher stage of human development.
What future does ecomodernism anticipate?
o Anticipates therefore a technological shift and hopes to disconnect economic activity from the ecological.
o Marks a new phase, because earlier stages focused on industrial.
o We can overcome environmental crisis.
The rise of ecomodernism
o 1970s; advent of environmental politics; grassroots environmental movements; creation for environmental ministries that take legislative bureaucratic approach to addressing environmental harm. Cost benefit analysis.
o 1980s; rise of ecological modernization. Environmental degradation (example on slides) recognizes interconnectedness.
o Onward; ecological modernization a prominent, even dominant, environmental work.
The appeal of ecomodernism
o Frames environmental crisis as a win-win business opportunity and avoids pitting government regulators against economic producers.
o Avoids addressing potential social contradictions and doesn’t posit a need for structural change. No focus systemic features of capitalism.
o Neutralizes more radical environmentalisms (i.e., by making environmental repair status-quo friendly and compatible with modernity).
Main ideas of green keynesianism
o Environmental harm is integral to modernity because of capitalism.
o Capitalism can be made more sustainable via state intervention.
o Left to its own devices, capitalism directs economic activity in ways that harm both environment and society.
o The state can help repair both by a) directing investment and b) coordinating production for c) social and environmental public good.
o States have historically used Keynesian economics to successfully address crises (like the “new deal” response to the military economic crisis) and should do so again today (like addressing environmental economic crisis).
What does Keynes stand for?
o Economy driven by consumptive and investment demand which may need to be stimulated during crises through both fiscal policy (government spending and taxation) and monetary policy (adjusting interest rates and money supply).
Multiple strands of green keynesianism
o Aronoff et al. vs. those they characterize as faux green new deal boosters.
o Both strands frame environmental degradation as a collective action problem (example on slides).
o Both strands contend that the state must step in to resolve this problem, but propose different degrees and forms of state intervention.
State intervenes directly in economy (strand green keynesianism).
Aronoff et al
Manages resource use toward societal and environmental long-term interest.
Via exercising “levers of public spending, coordination, and regulation”.
State intervenes indirectly in the economy (strand green keynesianism)
Creates markets and financial incentives to promote environmental repair.
Via e.g., pricing natural resources, offering subsidies, levying taxes.
Why green keynesianism?
o Green keynesianism frames repairing environmental degradation as an economic opportunity. It constitutes a relatively big tent accommodating of political economic diversity. Insofar as capitalism is here to stay, making it greener may register as one of few available paths forward.
Challenge 1 green keynesianism
o Mann and Wainwright, climate leviathan
o Keynesianism functions through the nation-state’s ability to direct the movement of capital.
o But states can no longer do this as effectively as they once could.
Neoliberalism and globalization have curtailed their economic autonomy. Rise of international finance has decoupled capital accumulation from domestic politics.
o A global sovereign would be needed to pull the Keynesian levers of a now global economy, but this is a politically challenging prospect.
Green keynesianism challenge 2
o Keynesianism, including green keynesianism aims to stimulate production and consumption and this may still be materially taxing and harmful to the environment.
o In response, some green Keynesians argue that an increasingly service and experience based economy may allow production and consumption to be less materially taxing.