Home
/
RELIGION & LIBERTY ONLINE
/
The Green New Deal sits on a throne of lies
The Green New Deal sits on a throne of lies
Nov 15, 2024 5:22 AM

Alexandria Ocasio-Cortez intended the Green New Deal to cement her position as the intellectual leader of the democratic socialist movement, but even passing scrutiny caused the $93 trillion proposal to fade into obscurity. In an attempt to revive her signature plan, the New York congresswoman read the entire text of the bill during a ponderous speech before the House of Representatives.

More than a year may have passed since the plan’s critics snickered at its proposals to end air travel and abolish bovine flatulence, but some things have not changed. The budget-busting act would still cost an average of $75,168 per household. And it still rests on a series of shoddy premises and misinformed economics.

AOC’s speech, “along with the actual text of her bill, are at odds with numerous facts about pollution, regulations, and the economics of energy,” writes James D. Agresti of in a probing new analysis posted on the Acton Institute’s Religion & Liberty Transatlantic website.

Agresti, who has a well-earned reputation for rigorous and trustworthy analysis of current events, explores each aspect one-by-one. He notes that regulations harm consumers while benefiting well-connected corporations:

[R]egulations and subsidies like those required to implement the Green New Deal raise energy costs. This harms consumers while increasing the revenues of corporations. Such policies have already guaranteed corporations double-digit profits on certain energy projects and supplied them with funds for executive bonuses.

He brings a transatlantic aspect to his analysis by citing the energy policy of Germany, where a rush to replace fossil fuels with renewable energy has led to widespread blackouts:

In Germany, where government is more aggressive than the U.S. in forcing the use of renewable energy, the average price of household electricity is about three times that of the United States. Yet Germany is still nowhere close to the Green New Deal’s mandate of “meeting 100 percent of the power demand in the United States through clean, renewable, and zero-emission energy sources.” … The costs of getting to AOC’s 100 percent figure would be multiplicatively greater than the three-fold premium paid by German households. This is because when wind and solar generation increase, so do the costs of backing them up for the inevitable times when the sun isn’t shining or the wind isn’t blowing.

Christians determined to prudently care for creation must be informed about the science, and the economics, that lead to human flourishing. Agresti’s article is an indispensable aid to that end.

Read his mentary here.

A.J. This photo has been cropped. CC BY 2.0.)

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
The Contending Realities of Progressive Economics
We need to trim government programs today in order make way for bigger government tomorrow. That seems to be the message former treasury secretary and Obama economic advisor Larry Summers delivered today at the Washington Ideas Forum: “If we want to have the same kind of society we always had…you may see some upward drift in government,” he said. “That’s why you need to work ever harder to eliminate government activities that don’t need to take place.” Summers deserves credit...
Bastiat on My Mind
One night during either my sophomore or junior year of college, while delaying the doing of homework by walking around the upstairs of Taylor University’s library looking for embarrassing books I could hide in friends’ backpacks so the alarm would go off when we walked out together and they’d have to sheepishly present them at the front desk, I stumbled upon a little treatise called The Law by some French dude named Frederic Bastiat I had never heard of. I...
Free Market Morality
In this entertaining video Walter Williams, Professor of Economics at George Mason University, explains whythe free market is morally superior to other economic systems. My favorite es near the beginning when Williams explains that money is a form of “certificate of performance” that serves as proof of having served our neighbors. ...
At the Bleeding Edge of Marketplace Ministry
In the November issue of Christianity Today, Dr. Amy Sherman, senior fellow at the Sagamore Institute has published an article entitled “The Cutting Edge of Marketplace Ministries.” In this article Sherman describes “holistic ministry” being done by a variety of businesses. Businesses are able to plish this kind of ministry in part when “pastors and faithful Christians grasp their role in God’s economy of all things,” as Stephen Grabill, director of programs and international at Acton Institute describes the work...
2013 AU Registration Opens Thursday Nov. 15
Registration for 2013 Acton University, scheduled for June 18-21 at the DeVos Place Convention Center in Grand Rapids, Mich., will open Thursday November 15. Stay tuned to Acton’s homepage and the AU website for further news and announcements. If you haven’t had the chance to attend in the past, make this the year you do! ...
Acton Institute responds to National Catholic Reporter article on bishops’ economic statement
Here is ment posted this this morning on the National Catholic Reporter article titled, “Statement on economy denounced by archbishop fails to pass.” Full statement follows: An important clarification. Archbishop Fiorenza’s assertion that the Acton Institute views Rerum Novarum as “no longer applicable today” is incorrect. The archbishop is most likely basing this claim on a June 2012 America Magazine blog post by Vincent Miller titled, “Sirico Completely Wrong on Church’s Social Teaching.” See link. In the post, Miller cites...
Dorothy Day and the US Bishops’ Conference 2012
I will not indulge in any sort of “what would Dorothy Day do” when es to thinking about the current US Catholic Bishops’ Conference taking place in Baltimore. However, it is interesting to ponder this woman who exemplifies so much of 20th century Catholicism and the bishops’ agenda, especially as the bishops discuss cause for her canonization, while on the same day failing to pass a pastoral message on economics. Their last pastoral letter on economics was in 1986, “Economic...
Want to Lower Poverty Rates? Increase Entrepreneurship
The Goldwater Institute has released a new study showing that states with a larger share of entrepreneurs do a better job at reducing poverty than states with fewer entrepreneurs. There is a strong connection between a state’s rate of entrepreneurship and declines in poverty. Statistical analysis of all 50 states indicates that states with a larger share of entrepreneurs had bigger declines in poverty. In paring states during the last economic boom—from 2001 to 2007—data show that for every 1...
Acton Commentary: The LBJ Curse on the Black Vote
Because it is right, because it is wise, and because, for the first time in our history, it is possible to conquer poverty … Lyndon B. Johnson’s Special Message to Congress, March 16, 1964 Anthony menting on the preference black voters showed for President Obama, points out that Lyndon Baines Johnson’s War on Poverty policies “introduced perverse incentives against saving money, starting businesses, getting married, and they discouraged fathers from being physically and emotionally present for their children — resulting...
Is The Post Office Trying to Send Us a Message About Freedom?
“Forever stamps” are a form of non-denominated postage first introduced in 2006. The U.S. Postal Service recently issued a “Four Flags” version which “continues [the U.S. Postal Service’s] tradition of honoring the Stars and Stripes.” But there seems something peculiar—even a bit ominous—about the new stamps. Is the USPS trying to send us a message that freedom and liberty in America won’t last forever? Well, probably not. Turns out that when images of postage stamps are printed, a line is...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved