Socialist economics are green not red which is an important point to make in the week when COP26 is taking place. Socialist economic theory can have a valid position in any economy striving to take care of both it’s citizens, it’s global citizens and the local and global environments. This is unlikely to be the case when referring to a free market economy based on inequality, exploitation and free for all of capitalist systems of economic theory. This point should not be overlooked by COP26.
Socialist style economics offers some degree of hope for the planet because it has many ‘Green’ credentials, but unfortunately this style of economics hasn’t found favour with many developed nations including Britain. Here in Britain Socialism or Socialist style economic theories have been trashed by the media as being Communist and have been labelled as ‘Red’.