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[-] TheFeatureCreature@lemmy.world 215 points 3 months ago

Capitalism is all about short-term profit. These sorts of long-term questions and concerns are not things shareholders and investors think or care about.

Further proof of this: Climate change.

[-] BlackLaZoR@kbin.run 22 points 3 months ago

Funny thing is that capitalism accidentaly solves global warming same way as it created it - turns out renewables are cheaper than fossil fuel, and the greed machine ensures the transition to more cost efficient energy sources

[-] Pelicanen@sopuli.xyz 27 points 3 months ago

The problem is that the previous accumulation of capital has centralized a lot of power in actors who have a financial incentive to stop renewables. If we could hit a big reset on everything then yes, I think renewables would win, but we're dealing with a lot of very rich, very powerful people who really want us to keep being dependent on them.

[-] abbadon420@lemm.ee 6 points 3 months ago

They are only slowing us down though. They really cannot stop the change, because solar power is simply cheaper than oil. Once governments stop subsidizing oil, the big oil companies will be done for if they haven't innovated by than. That is also one of the reasons why they are slowing us down, so they can buy more time to innovate and remain on top with a new, green business model.

I hope all the big oil bosses get locked up for crimes against humanity, but I think they'll just change their business model into something green and exploit us in some different way.

This is why they say "they're too big to fail".

[-] minibyte@sh.itjust.works 3 points 3 months ago

Sort of like how Phillip Morris sells vapes now.

[-] BlackLaZoR@kbin.run 3 points 3 months ago

Except numbers aren't confirming that theory Look at Wikipedia article about growth of photovoltaics https://en.m.wikipedia.org/wiki/Growth_of_photovoltaics

Solar power is booming world wide, consistently since many years. At >20% annual expansion rate, the exponential growth will start putting a dent on fossil within few years.

[-] KingThrillgore@lemmy.ml 1 points 3 months ago

Everywhere except countries that have subsidized non-renewables which means they'll become dumber and polluted and regress. And these countries (the US, specifically) have nuclear weapons and a lot of authoritative policy power.

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this post was submitted on 14 Jul 2024
352 points (94.4% liked)

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