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249 points Jtsummers | 2 comments | | HN request time: 0.001s | 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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1. AtlasBarfed ◴[] No.45766090[source]
The rich haven't been about a free market in quite a long time.

I don't know if you noticed, but the discourse in right-wing politics that's absolutely nothing to do with Chicago school anymore. They don't even bring up free markets.

It's an acknowledgment that the entire economy in the US is cartel or Monopoly

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2. mmooss ◴[] No.45778256[source]
> The rich haven't been about a free market in quite a long time.

I think that's just the Trump version of the GOP, and the Dems followed along, dismissing economics - an attempt at truth - for shallow partisanship. For example, the New York Times fired their economist columnists, such as Paul Krugman.