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249 points Jtsummers | 1 comments | | HN request time: 0s | 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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kakacik ◴[] No.45762699[source]
Musk is a nogo poisoned brand in Europe... that damage his needless psychotic attacks have done won't be forgotten anytime soon. I'd happily buy chinese car instead of tesla just because of above, if prices were same. But they are far from same, and seeing their progress they may soon be better products overall.
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lenerdenator ◴[] No.45762794[source]
> Musk is a nogo poisoned brand in Europe... that damage his needless psychotic attacks have done won't be forgotten anytime soon. I'd happily buy chinese car instead of tesla just because of above, if prices were same. But they are far from same, and seeing their progress they may soon be better products overall.

This more-or-less summarizes American geopolitical and economic attitudes towards China from 1970 until 2016.

"Sure, they're problematic, but so are we, and their product is cheaper, so..."

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ben_w ◴[] No.45763601[source]
"The product is cheaper" is why combustion engines were dominant over batteries and renewables for so long, and also why they're now being displaced so rapidly by them.
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WheatMillington ◴[] No.45763899[source]
Batteries were not a viable technology for a variety of reasons until recently. Cost is only one of a number of show-stopping problems with battery technology before circa 20 years ago.
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1. jonway ◴[] No.45768361[source]
Electric cars were quite popular in the early history of automobiles. It wasn’t until internal combustion development proceeded (mechanical, and resource discovery) that the economics and value proposition flipped.

All the show-stopping problems you mentioned applied to internal combustion before.

Unless electrical generation gets less efficient somehow, the economics are trending back.