Realism about "Green Finance"
... in an Age of Financialization

by Larry Lohmann

first published 1 July 2012

Proposals for greening the economy necessarily involve the greening of finance as well. But how is a greener finance to be achieved? Activist strategies that fail to take stock of where finance is today in the wake of the 2007-08 breakdown -- and the struggles that are continuing to develop between neoliberalism and the commons -- are unlikely to succeed, and may actually do harm.