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Bad Faith

Episode 160 Promo - Nationalize This

Bad Faith

Bad Faith

News, Comedy, Politics

4.52.8K Ratings

🗓️ 21 March 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

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This week, Briahna asks experts pointed, pragmatic questions about how to nationalize the energy sector. With the public discourse centered on high gas prices and the climate crisis is looming bigger than ever, it seems odd that the left is silent on a solution that could deliver big benefits to direct consumers and, well, everyone who enjoys a habitable earth. What does the Tennessee Valley Authority teach us about state-owned energy projects? What should we learn from the Obama-era nationalization of GM? We've done before, other countries, like Sweden, do it all the time, so why is the idea of "nationalization" such a bete noir -- especially among the left? Matt Bruenig, returning to the podcast, is the founder of the People's Policy Project think tank. Johanna Bozuwa, co-manager of the climate and energy program at Democracy Collaborative, has written a detailed paper on how we can actually "nationalize this."

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Produced by Ben Dalton (@wbend).

Theme by Nick Thorburn (@nickfromislands).

Transcript

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0:00.0

I think the thing that scares people, particularly the right, is like, as we are sending, like,

0:05.7

we want to use the tools of government.

0:08.0

Like, progressives actually want to use them and like, for the social good.

0:12.4

And like, that is something that is very daunting if you are on the right or if you, like,

0:16.9

have too many shares in a coal company, for instance, like Joe Manchen.

0:21.2

Yeah.

0:22.2

I mean, it does feel like this is the moment I remember early in the, I guess, COVID spring

0:28.9

of 2020, as the primaries were winding down and as we were talking about what this COVID

0:33.8

relief was going to look like, there were these articles that said, you know, the amount

0:37.2

of bailout for the airline industry is enough to just buy the airline industry.

0:40.8

And I remember thinking like, this seems like a really bad financial decision.

0:44.9

Why not just buy the airline?

0:47.2

It's like, it's like having a car that was only worth $15,000 and paying $20,000 to get

0:53.2

it repaired.

0:54.2

My friends buy a new car.

0:55.5

I mean, it was a sentimental value we have in our old Pooja like buy a new car.

1:00.7

I certainly don't have any sense of mental value attached to the airline industry.

1:05.0

Why isn't there, why aren't there bigger calls for these things in this moment?

1:09.0

Why does the left seem so neutered, almost afraid of its shadow in making these kinds of

1:15.0

demands?

1:16.0

Because even if you don't think that this is practically going to work, even if you

1:19.2

think that we're not at a point socially and politically where we would get nationalization,

...

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