Fossil fuel companies knew about global warming since at least the 1970s. Those companies have used their enormous wealth to reverse trends towards public transit (e.g. Los Angeles used to have street cars…), halt the green energy transition until very recently, and spread misinformation and buy politicians.
While I agree there are issues with capitalism. I disagree this was capitalism working as intended. If it were, the better/more innovative technology (green/cheap energy) would have surpassed the worse technology (dirty energy reliant on continued investment and extraction) because as we are finally seeing, there is more money to be made with green energy than fossil fuels. Suppression of green energy took active anti-capitalist anti-competitive efforts to preserve the edge of fossil fuels.
Still is ongoing. And nobody got life imprisonment and all wealth confiscated for this degree of lying, nobody of them got prohibited from calling people who criticised or tackled them “ecofascists”
Fossil fuel companies knew about global warming since at least the 1970s. Those companies have used their enormous wealth to reverse trends towards public transit (e.g. Los Angeles used to have street cars…), halt the green energy transition until very recently, and spread misinformation and buy politicians.
Filed as not a bug. That’s capitalism working as intended.
While I agree there are issues with capitalism. I disagree this was capitalism working as intended. If it were, the better/more innovative technology (green/cheap energy) would have surpassed the worse technology (dirty energy reliant on continued investment and extraction) because as we are finally seeing, there is more money to be made with green energy than fossil fuels. Suppression of green energy took active anti-capitalist anti-competitive efforts to preserve the edge of fossil fuels.
The purpose of a system is what it does. The way that capitalism is advertised to work and the way that it actually works are quite different. To understand how it actually works, one might turn to Marx, Lenin, Sweezy & Baran, and Michael Hudson.
Still is ongoing. And nobody got life imprisonment and all wealth confiscated for this degree of lying, nobody of them got prohibited from calling people who criticised or tackled them “ecofascists”