“I should say up front, I’m a one-issue voter. I would vote for almost any president who had a brilliant climate change agenda.” –Jeremy Grantham, chief investment strategist at GMO
I like this interview with Jeremy Grantham. He challenges the old mental architecture of economic growth by offering a new paradigm. Economic growth with environmental protection. When one person stands up for the truth and cares, it becomes easier for all to take responsibility. Especially when that person transcends stereotypes and offers analysis and answers while honestly examining the complexities in our world, beginning with where we stand.
In my lifetime (I’m 42) the average hourly pay (adjusted for inflation) for the American worker has been stagnant. For some perspective, in France wages have gone up 140 percent in the same timeframe, in Japan 80 percent, in the UK 65 percent. Bicycling has helped me moderate that impact with its savings. Cycling is a huge part of the shift we need to make promoting renewables, quality of life and opportunity. We can have cycling and rising wages. And we should not feel sorry for ourselves, because people in places like Africa have not profited as much as we have from carbon pollution, yet their suffering from the consequences is worse.
More of Grantham’s key observations–
*out of the 20th richest nations, the U.S. is last in income equality and last in economic mobility
*instead of reversing these trends we are witnessing the “complete flowering of corporatism” where industries are appointed to oversee the agencies that are meant to protect the people
* the Chinese have advantages including taking science more seriously (Grantham measure this by noting 9 out of the 10 people in the last Chinese regime had PhDs, while in the US Congress all the way up the presidency we have 1-2 PhDs depending on how you view doctorates)
To make the pendulum swing back towards a brighter future, we need to get capital flowing to renewables, including cycling. Then we’ll reap the long term benefits of harnessing free power, and giving the people the tools we need to lift up our lives, including education. We need to reward the corporations and investors who are doing it right, incentivizing beneficial behaviors.
I first saw Grantham on Charlie Rose in 2013, at which time he speculated we ‘may already have cooked our goose’ with climate change. How resilient is the earth? How ingenious are its people? We’ve been lucky so far, and I think the American people are excited for this adventure. All our excellence comes from everyday citizens, courageous leaders speaking up, organizing and implementing what we know and will discover as we build a better world beginning at home.
Watch Grantham on Charlie Rose: https://charlierose.com/videos/30816