Publication Alternatives to Society - Socio-ecological Transformation - Europe / EU - International / Transnational - COP 21 [en] Going for broke

Why financialization is the wrong fix for infrastructure. A critical exploration by Greig Aitken.

Information

Series

Article

Author

Greig Aitken,

Published

May 2015

Ordering advice

Only available online

Related Files

Building new infrastructure is no longer simply the talk of towns and communities in which various projects are to be implemented. Instead, it has taken on a new, awe-inspiring, global character.

In Europe alone, the European Commission estimates that investment of up to €2 trillion is needed in transport, energy and IT infrastructure by 2020. Out of the ashes of the economic crisis, infrastructure is being promoted as a magic bullet. Yet is this new burst of global investment hopes being based on new, more sustainable, less risky investment and financial foundations?

This report discusses how and why the answer to this question is ‘No’, and seeks ultimately to outline some of the tentatively emerging alternative options.

Continue reading in the PDF.

Edited by Rosa-Luxemburg-Stiftung in Brussels.