CT302 Chapter Notes - Chapter 4: Climate Change Mitigation, Fuel Industries, Angela Merkel
Document Summary
Useful to look back on the most recent moment when transformative change seemed like a real possibility 120. New president (obama) would introduce a bold piece of legislation early in his presidency 121. The other factor was the weak state of the banks and that starting in 2008 two of the big three automakers had so badly mismanaged their affairs that they too had landed in the hands of the government. This decentralized ownership model has the added benefit of pushing against the trend toward utterly unsustainable wealth inequality 123. The funding amounted to the biggest and most transformative energy bill in us history 124. What stopped him (obama) was the invisible confinement of a powerful ideology that had convinced him that there"s something wrong with telling large corporations how to run their businesses 125. The real solutions to climate change crisis are also our best hopes of building a much more stable and equitable economic system.
