this post was submitted on 23 Jul 2023
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Showerthoughts
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Human ingenuity is the innovation engine behind all technological advancements. Capitalism stifled green tech for years, and still does, by putting way too much money in the hands of O and G companies who have had every motivation to do so to protect their business.
Lol capital is shifting non-green companies to be more sustainable, not the other way around.
Government subsidy is the driving force behind green technology. Capital has done everything in it's power to fight it to protect its O and G investments. Capitalism is an anti-innovation machine.
Someone should tell capital that: https://www.gsam.com/content/gsam/global/en/market-insights/gsam-connect/2022/Green_Capex_Capturing_the_Opportunities.html
https://www.imf.org/en/Blogs/Articles/2019/10/10/Blog-connecting-the-dots-between-sustainable-finance-and-financial-stability
But what do I know I only work in an industry with a fuckload of green capital investment
An industry which sucks up government subsidy. An industry which would have never got off the ground without that subsidy. I guess you're the real socialist considering your industry wouldn't exist without all those government dollars, lol.
So wait capital is defined as "government subsidies?" You sure you're not a capitalist?