←back to thread

249 points Jtsummers | 1 comments | | HN request time: 0.202s | source
Show context
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.

replies(10): >>45762459 #>>45762461 #>>45763295 #>>45763397 #>>45763865 #>>45764348 #>>45765362 #>>45766090 #>>45767067 #>>45769381 #
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.

replies(4): >>45762653 #>>45762699 #>>45763143 #>>45764410 #
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.

replies(9): >>45762683 #>>45762731 #>>45762826 #>>45762904 #>>45763693 #>>45763776 #>>45763866 #>>45764126 #>>45769318 #
seanmcdirmid ◴[] No.45762731[source]
I really like EVs, and the Congolese kids dying to make EV-grade lithium has always been FUD made up by the anti boomer crowd (77% of the world's lithium comes from Australia and Chile, and I know they aren't importing Congo kids to mine it, and then China, Argentina, and Bolivia, again, completely Congo kid free). You probably meant Cobolt, and they are transitioning to LFP chemistries because it is impossible to force the Congolese to use industrial mining rather than small holder artisanal mining (where parents are likely to make their kids mine without supervision).

> us Americans need to virtue signal how much we love green energy and saving the planet.

Again, more FUD made up by the anti-EV crowd. Most people who buy EVs buy them because they are just better cars. In China, EVs are more of a national security concern: they have to import oil, which exposes them to international conflict. Importing less oil = less exposure, which is a big win for the country. The US has a lot of oil-entrenched interests.

replies(2): >>45762810 #>>45762835 #
ZeroGravitas ◴[] No.45762810[source]
The cobalt goes in the NCM lithium batteries.

It also goes in lots of other stuff, and is basically a byproduct of Congolese copper production.

The kids are doing artisinal mining because when capitalism doesn't need you to make money, you are pretty fucked. The big mines can make plenty of money with very few workers, leaving no need to build a decent civil society. Something to bear in mind for when our glorious AI future arrives.

Every chance that some countries become the Norway of AI and everyone is rich while others become the resource cursed Congo of AI and a tiny minority become rich and others are left to rot.

replies(1): >>45765367 #
1. kazen44 ◴[] No.45765367[source]
congo is also a classical example of the resource curse.

Congo is so resource rich, that the state can sustain itself easily with simple, low skilled extraction of resources, without the need to invest in its populace to increase economic output through other, more difficult means.