Roosevelt Institute Senior Fellow Bo Cutter has brought a lot of top thinkers together to discuss what the Next American Economy should look like. But it’s hard to imagine future economic policy without also figuring out energy policy. As Bo’s latest guest points out, American energy policy has largely failed. John Deutch, professor at MIT and former Director of Central Intelligence, explains how “we have not had an energy policy for 40 years” and why “it is a hard slog to improve this.” In this excerpt, he lays out four key steps to making real progress:
His imperatives to get us on the right track:
1. Something must be done to “integrat[e] domestic and international policy in the White House.” Energy issues can’t be fixed solely within our own borders.
2. In order to have a “coherent voice following energy” at the federal level, we must “establish a single energy commission between the House and the Senate in the place of the dozens and dozens who fool around in it.”
3. “There should be a rule adopted both by Congress and the [OMB]… to say no proposal goes in unless you attach to it a serious analysis of its projected costs and benefits.” Without this, he says, “you don’t have the basis for a discussion with Congress.”
4. “You have to do something about personnel to get good people” working on these policies, he concludes.
Above all, he says, “You have to make people understand that if we don’t change this system, things are not going to get better.” And that could be disastrous for the economy and the planet.
Watch the full discussion: