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Business Daily

What is the Green New Deal?

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 23 October 2019

⏱️ 18 minutes

🧾️ Download transcript

Summary

The radical plan to transform the economy and tackle climate change has taken off in Washington DC, with the backing of the left-wing Congresswoman Alexandria Ocasio Cortez, as well as most of the Democratic candidates for the US presidency.

But what is the plan? Manuela Saragosa speaks to Saya Ameli Hajebi, a 17-year-old spokesperson for the Sunrise Movement of young people lobbying for action, as well as to one of the plan's original authors, British economist Ann Pettifor.

And Ms Pettifor isn't the only economist calling for radical economic change. Nobel prize-winner Joseph Stiglitz says why he thinks the American economy is failing most of its people and what needs to change.

Producer: Laurence Knight

(Picture: Los Angeles youth at a nationwide school strike for the Green New Deal; Credit: Katie Falkenberg/Los Angeles Times via Getty Images)

Transcript

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0:00.0

Hello, I'm Manuela Saragossa. Welcome to Business Daily from the BBC coming up, the people who want to put climate change at the heart of all economic policy.

0:11.3

It's about managing the financial system in the interest of the ecosystem. At the moment, we're just draining our resources.

0:19.2

And a Nobel Prize winning economist gives us his take

0:22.5

on what needs to change in the American economy.

0:25.7

You look on TV, you see what's going on,

0:27.8

it looks like people are getting more and more prosperous,

0:30.5

but for a majority, things haven't gone that well.

0:33.7

There's been actual stagnation or worse.

0:36.5

That's all here in Business Daily from the BBC.

0:42.8

Unless you've been living under a rock for the past year,

0:45.9

you'll know who Greta Thunberg is.

0:48.2

But what you might not know is that in America

0:50.3

there's a movement of school-age kids just like Greta

0:53.2

who are also campaigning on climate

0:55.5

change. They call themselves the sunrise movement, and they're putting pressure on politicians

1:00.1

there to implement economic policy that has environmental concerns at its core. They've had some

1:06.3

success. American Democrats, like Alexandra Ocasio-Cortez have taken up their cause.

1:11.9

This is about our constituents and all of our lives.

1:14.8

Iowa, Nebraska, broad swaths of the Midwest are drowning right now, underwater, farms, towns that will never be recovered and never come back.

1:25.4

And we're here and people are more concerned about

1:28.1

helping oil companies than helping their own families? I don't think so. I don't think so.

1:34.4

This is about our lives. This is about American lives. And it should not be partisan. Science should

...

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