• 0 Posts
  • 24 Comments
Joined 10 months ago
cake
Cake day: September 15th, 2023

help-circle




  • There will always be winners and losers with any change.

    Plantation owners definitely lost a lot of wealth due to the abolition of slavery, while the industrial tycoons gained a lot of wealth.

    Switching away from fossil fuels will similarly benefit those who invest in the energy sources and technologies of the future, while shrinking the fortune of those dependent on fossil fuels.

    Already, some forms of fossil energy are losing new investment.

    For example, the high profile Keystone XL pipeline was never built, even though Trump approved it, because investors doubted its profit potential. Biden revoking the permit was mostly symbolic.

    Now, I do otherwise agree with this more nuanced take of yours. Morality needs to be aligned with financial incentives in order to achieve change. That’s just how our current world works and I don’t see that basic mechanism changing.

    So it makes more sense to focus on making fossil fuels less profitable, e.g. through taxation.





  • It’s unlikely that the details will be known before an agreement is reached.

    But to your point, what really matters is whether the USA will force Israel to accept the proposal, or if the Israeli population protests harder against Netanyahu (but that’s unlikely to reach the required mass).

    Netanyahu wants the war to continue and will not accept any deal, unless his hand is forced.

    Anyway, Israel was telling people to flee Rafah. My local news says they are probably doing that to pressure Hamas by panicking the Gazan population.

    So, no, I don’t think Israel will accept the deal.







  • I didn’t think I’d find a mercantilist in 2024, but here we are.

    No, that’s not how it works, otherwise the US would be a poor country based on their massive trade deficit.

    Trade takes place because it is mutually beneficial. Each parties gets something out of each trade.

    Reducing trade therefore will always hurts both countries.

    Exactly which loses more will depend on a lot of factors, but in general smaller economies are more dependent on larger economies.