Capitalism is about hierarchy more than it is about profit. Capitalists spent billions to put someone who bankrupted a casino in charge of largest economy in the world to stop the woke left. Capitalists pay for golden parachutes for nepo baby CEOs who shit the company bed. Capitalists sack departments with mission-critical institutional knowledge because that institutional knowledge gives the workers power.
In an ideal free market, the company that ends up with the largest market share is not the company that optimized for profit, but the company that optimized for murdering all the other companies so it’s the largest by default. In real life, the rich and powerful let this mechanism roam free when it helps them oppress the working class, while regulating the market when it makes the game unfun for the rich, and while insulating each other from the consequences that were not guarded against by regulation.
I think the main problem is a lot of them are already entrenched in the fossil fuel market and most of the people holding the money aren’t the entrepreneurial types because all the wealth is inherited so they’d rather just hold onto their existing property and fight to keep it relevant than start again somewhere else. It’s dumb though because yeah it’s free money printing. Am I assessing this right?
Right. There’s not as much money in renewables, so there’s less lobbying.
I mean… Isn’t there though? You do a one time investment, and then you earn money for 20 years with negligible operating costs.
Shouldn’t every capitalist get a priapism from this idea?
Capitalism is about hierarchy more than it is about profit. Capitalists spent billions to put someone who bankrupted a casino in charge of largest economy in the world to stop the woke left. Capitalists pay for golden parachutes for nepo baby CEOs who shit the company bed. Capitalists sack departments with mission-critical institutional knowledge because that institutional knowledge gives the workers power.
In an ideal free market, the company that ends up with the largest market share is not the company that optimized for profit, but the company that optimized for murdering all the other companies so it’s the largest by default. In real life, the rich and powerful let this mechanism roam free when it helps them oppress the working class, while regulating the market when it makes the game unfun for the rich, and while insulating each other from the consequences that were not guarded against by regulation.
I think the main problem is a lot of them are already entrenched in the fossil fuel market and most of the people holding the money aren’t the entrepreneurial types because all the wealth is inherited so they’d rather just hold onto their existing property and fight to keep it relevant than start again somewhere else. It’s dumb though because yeah it’s free money printing. Am I assessing this right?