Suncor Energy Inc T.SU

A New Economic Theory - or is it?

[Experienced]

I have attached a link to an article I have read and think that it is a worthwhile read for people here.  I have posted this article NOT because I support the views (frankly I have a lot trouble with it) but rather because this type of thinking may well gain traction in terms of political policy around the world.  IMO, the Left Wing of the US Democrat Party is pushing for adoption of this theory whether they realize it or not.

The "or is it" in the subject banner is that I feel that the "new" theory as proposed in the article is basically socialism wrapped up under the banner of "Green Economics".  While many of the ideas and objectives discussed in the article are in themselves worthwhile, it is socialism none the less and by socialism I mean the big characteristics - Big Government and massive wealth redistribution.

I could say more but will leave it here and hopefully it will stimulate some discussion.

Why is this important to investors and especially those here much younger than me?

If this catches on and gains momentum it will dramatically change the investment climate and to my earlier points, screw up the economic ecosystem.  If you on the wrong side of this screwup then you will lose a lot of money and vice versa.  If it catches on, it underlines my earlier point in other posts that it will become increasingly important to find companies with solutions to the problems that politicians will create.


Sooooo...with all that....here is the article.  Thoughts and comments pro and con are encouraged.


https://www.theguardian.com/environment/2023/jun/08/the-planets-economist-has-kate-raworth-found-a-model-for-sustainable-living?utm_source=pocket-newtab

[pooltec]

So if the Republicans get in office this will still be Satus Quo? Has NA overwhelmingly accepted WOKE toxicology? Will the Pedulum never swing back?

[Experienced]

pooltec - that is a really great question. Here are my thoughts.... With the debt limit deal signed, the Republicans have essentially agreed to go along with the Biden plan for the next 10 years.  If they gain power next year (ie President, Senate and House), it will be politically difficult for them to reverse anything since once politicans give something (ie a handout) it is very

[MigraineCall]

It sounds great right? Kind of a Star Trek future. But wait, if there are no consumers, there will be no things to buy, then no businesses, then no jobs, then poverty, then hunger, then chaos. Then in a desperate weakened state, another stronger country will take over. In my lifetime of experience and observation, these types of utopian ideals will always gain some sympathetic supporters, but

[Experienced]

Migraine - I agree with you in terms of your assessment.  After all why do we have so many oligarchs after the fall of the USSR? That said, history doesn't move in a straight line just like everything else.  I posted this article because I see then potential for investors to have to cross the "Valley of Darkness" before the primordial characteriztics that you mention take