I’m a big fan of the New Yorker, and read most issues cover to cover. Their politics usually align with mine, and I always enjoyed Hendrik Hertzberg sticking it to the Cheney administration. But I have to take issue with some of their economic opinions. In particular, David Owen’s Talk of Town, Economy Vs. Environment, in the March 20 issue got me hot and bothered.
Owen’s basic position seems to be that to be sustainable we can’t spend, and if we spend we’re not sustainable. Therefore, the stimulus package and a long term goal for sustainability are incompatible. (With the subtext, apparently, that stimulus is more important.)
I have several issues with Owen’s position. For example, Owens doesn’t say much about spending on sustainability – there $15 billion of that. Much of that, because it’s focused on energy efficiency, will result in improved productivity. It turns out you can get a lot of productivity from sustainability improvements. It’s one of the magic tricks – called the “triple bottom line” – you spend less or the same up front, you save more, and you’re healthier and more productive. In this case sustainability is actually directly improving the economy. Continue reading “Disagreeing With The New Yorker On Stimulus Vs. Sustainability”