cross-posted from: https://slrpnk.net/post/8471507
this post was submitted on 10 Apr 2024
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A Boring Dystopia
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Don't forget, US Treasury Secretary Janet Yellen was just in China to protect US interests - this time because China has flooded the market with cheap solar panels.
We can't have solar power becoming affordable and accessible for most people.
It's more complicated than that. Supply shocks cause short term instability in markets that require long term revenue streams to offer service.
Because we privatized our infrastructure, and because private firms divert a bunch of their revenue to profit, we have a bunch of material infrastructure that needs to be maintained by firms more interested in extracting profit than keeping them functional.
That's the real threat of solar panels. If we cut into private profit margins, they'll allow the infrastructure to collapse rather than maintain them with declining profit.
All I keep reading is the failure of capitalism at the end of the day.
Its failure of regulation. Same shit will happen in any system if its not properly regulated and checked...