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249 points Jtsummers | 2 comments | | HN request time: 0.622s | 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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bigyabai ◴[] No.45762653[source]
Musk chronically over-promised and terminally under-delivered. There was no world where he didn't end up being a twit, just one where we aren't stupid enough to fall for his lies.

Tesla, in particular, boils down to how Americans respond to marketing. We love the idea of buying organic, environmentally-friendly technology that makes us part of the solution. It doesn't matter if Congolese children are dying in the cobalt mines to make EV-grade lithium ion batteries, us Americans need to virtue signal with our wallet. Buy the latest iPhone, save up for a Tesla, it's all part of the new-age jewelry we wear to make ourselves feel worth something.

It was damn good marketing.

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embedding-shape ◴[] No.45762683[source]
> Musk chronically over-promised and terminally under-delivered

To be fair, most CEOs does that, but I think his downfall was really everything that he did besides just over-promising and under-delivering. He could have continued as-is, without all the political stunts and activities, and I'm sure Europeans would still have bought Teslas sometimes. Now the brand is poisoned pretty much world-wide, which wouldn't have happened just because of "over-promise and under-deliver", it takes a lot more for stuff like that to happen.

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_aavaa_ ◴[] No.45763058[source]
How many CEO promise full self driving, robo taxis, humanoid robots that are only 6 months away for 10+ years?

The equivocation here is quiet something.

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1. adgjlsfhk1 ◴[] No.45763331[source]
Toyota has been promising solid state batteries in 2-3 years for the last 15.
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2. amanaplanacanal ◴[] No.45764440[source]
They weren't promising they'd be in the car you already bought though.