03 Oct '11, 10am

Why protect BAE jobs when you can convert them to the green economy? | Andrew Simms

Why protect BAE jobs when you can convert them to the green economy? | Andrew Simms

Last time around, the Bank of England bought a mix of corporate and government bonds from the banks to inject money into the economy. This time, why not simply have them buy bonds issued by an expanded green investment bank, making resources available for the roll-out of green energy, sustainable transport systems, the energy efficient renovation of buildings, and on and on. It would create jobs, reducing the deficit, help do what we have to do for climate change, and strengthen the UK's energy independence. It would also demonstrate, unequivocally, that the public sphere can make more intelligent, socially and economically useful decisions about allocating financial resources than Rastani and his kind.

Full article: http://www.neweconomics.org/blog/2011/10/03/why-protect-b...

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