After a few months of swirling discourse, we can begin to identify an emergent set of positions in the debate around the Green New Deal. The right-wing has resorted to classic red-baiting, decrying the nonbinding resolution as a “socialist monster,” a road to the serfdom of state planning, rationing, and compulsory veganism. The vanishing center is clinging tightly to its cozy attachment to a politics of triangulation: the Green New Deal is a childlike dream; serious adults know that the only option is to hew to the path of bipartisanship and incrementalism. The left, of course, knows that in the context of already-unfolding climate crisis, resurgent xenophobia, and the weakening hold on legitimacy of the neoliberal consensus, the real delusions are “market-driven” solutions and nostalgic paeans to American “norms and institutions.”
But on the left, too, there are criticisms, and outright rejections, of the Green New Deal (see here, here, here, and here). There is the charge that the Green New Deal, like the old New Deal, amounts to the state, qua executive committee of the bourgeoisie, rescuing capitalism from the planetary crisis it has created. In this rendering, rather than empowering “frontline and vulnerable” communities, as the resolution claims, the policy framework will amount to a corporate welfare windfall of investment opportunities lubricated with tax breaks and subsidies; public-private partnerships; infrastructure outlays that will stimulate real estate development; and, a jobs guarantee that will stimulate consumption—a win-win for the state and capital, but, by leaving the underlying, growth-addicted, model of accumulation untouched, a loss for the planet and the communities most vulnerable to climate crisis and eco-apartheid. There’s another twist. As sometimes the same analyses point out, this win-win-lose-lose scenario is itself based on a false understanding of contemporary capitalism. In a world of secular stagnation—declining profit rates, speculative bubbles, financialization, rentier-like behavior, and accumulation-by-upward-redistribution—the vampire-like quality of capital has never been more apparent. The notion that capital might, with a little inducement, suddenly overcome these tendencies and invest in productive activities is its own nostalgic fantasy.