Greenifying the Economy

Professor Robert Hockett, Edward Cornell Professor of Law at Cornell Law School, returns to Present Value to discuss the Green New Deal. Hockett is a regular advisor to Senator Elizabeth Warren, Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez. Hockett explains that the U.S. has lost its manufacturing and technological advantage to countries like China and Germany. He argues that despite political polarization, both Republicans and Democrats can agree on major policy initiatives around the Green New Deal to benefit every congressional district in an effort to greenify the U.S. economy while also instituting a federal jobs guarantee and delivering environmental justice. In the episode, Hockett addresses concerns about how Green New Deal initiatives will be paid for and forecasts two main hurdles he sees in delivering GND.