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249 points Jtsummers | 2 comments | | HN request time: 0.438s | source
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mmooss ◴[] No.45762412[source]
As I wrote elsewhere, the US government and economy are now essentially a private equity takeover for a large segment of wealthy business: Squeeze out as much money as possible short term - including by issuing debt againts its assets, slashing and burning any costs regardless of ROI and with no regard for the future, and leave the bankrupt husk for someone else to deal with.

The treatment of fossil fuels and renewables fits: Block the obviously more economical and better long-term solution in order to shovel money toward the entrenched wealthy. That it sabotages the future due to climate change and economic inefficiency doesn't seem to be a significant factor to them.

I forgot, one of the entrenched corporate wealthy told us that climate change isn't a big deal, and we should send money to his and his friends for solutions.

I'm not anti-business; in fact, quite the opposite: These policies block a free market and the brilliant new businesses that can thrive and deliver solutions to everyone.

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seanmcdirmid ◴[] No.45762459[source]
If only Musk didn't turn out to be such a twitt, Tesla was really supposed to be part of the solution but somehow Musk managed to snatch defeat from the jaws of victory.

The future is pretty much in China now as far as green energy tech and consumption goes. Two bad elections and the US has basically lost world leader status in just over a decade.

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1. GuinansEyebrows ◴[] No.45763143[source]
> If only Musk didn't turn out to be such a twitt, Tesla was really supposed to be part of the solution but somehow Musk managed to snatch defeat from the jaws of victory.

this was never going to happen. the capitalist class are never going to be the ones to get us out of debt; they cause and benefit from it. it's his entire business model.

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2. ben_w ◴[] No.45763745[source]
Debt isn't what's wrong with Musk.

Not that his own debt isn't going to cause him problems when the TSLA share price stops defying gravity like Wile E. Coyote, it's just that his problems are shaped more like "being a cult leader".