Optimism that the incoming Democratic administration will take decisive action to address environmental decline is misplaced. An analogy, in terms of the institutional and political backdrop and an alleged public purpose, is the Affordable Care Act. Sentiment amongst its supporters is that the ACA was better than nothing. In fact, the ACA did not improve health outcomes. What it accomplished was to secure the role of health insurance companies as healthcare intermediaries and increase executive pay. Thomas Ferguson’s ‘investment model,’ where policy favors are exchanged for political contributions, well predicted this outcome.
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Capitalism and the Green New Deal - CounterPunch.org
