The green jobs mythology, again

August 5, 2009

Joel Kotkin, whom I have been following for 20 years, continues to hit on all cylinders. This is a bit from an article worth reading in full:

This latest economic fad is supported by an enormous industry comprising nonprofits, investment banks, venture capitalists and their cheerleaders in the media. Their song: that “green” jobs will rescue our still weak economy while saving the planet. Ironically, what they all fail to recognize is that the thing that would spur green jobs most is economic growth. … Ultimately, environmentalists need to realize that the road to a green economy does not lie in promoting hysteria, guilt and self-abnegation while ignoring prohibitive costs and grim economic realities. Green enthusiasts should focus on promoting a growing economy capable of generating both the demand and the ability to pay for more planet-friendly products. After all, the economy needs green jobs less than green jobs need a thriving economy.

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[...] first I am shamelessly stealing from James Pethokoukis of Reuters. He quotes Joel Kotkin’s thoughts on the matter. This latest economic fad is supported by an [...]