Student Question

What is the Green New Deal and would it be necessary today? Explain using two pillars.

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The Green New Deal follows from initiatives put into place after the Great Depression and during President Franklin D. Roosevelt’s administration. The initiatives were targeted at improving the nation’s economy by creating jobs, reforming the financial sector and restoring the economy to acceptable secure and stable levels. The Green New Deal by the Green Party of the United States is based on four key pillars that are aimed at economic and social reforms.

The Green New Deal seeks to establish an Economic Bill of Rights to ensure that all citizens have access to employment and to protect their rights as workers and as property owners. The deal also seeks to support locally based green businesses through accessible financing and research into sustainable sources of energy. The deal’s financial initiative seeks to reform the sector by imposing more stringent regulation and controls on Wall Street. Socially, the Green New Deal aimed at instituting democratic reforms by protecting the people’s right to vote

The Green New Deal is still relevant and would be useful today based on its agenda to secure the economy and social well-being of all people living in the United States. The fourth pillar on establishing a functioning democracy brought up the issue of the Patriot Act that was enacted and enforced to deal with terrorism. Although it was a noble idea, the Act also posed a threat to individual privacy as evident in the Snowden scandal. Such initiatives without controls pose a major threat to democracy and individual rights. The third pillar on real financial reforms is also currently relevant due to the enhanced financial protection outlined in the agenda. The pillar addresses the issue of bailouts and “too big to fail” financial institutions that hold the financial sector ransom. The pillar also provides an opportunity for further financial practice regulations that would be necessary for addressing issues such as the recent Wells Fargo scandal. 

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