201–210 of 446 posts
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Yes far worse, the superconducting supercollider produced science which has debatable value. There’s an argument we lost nothing by canceling the project. Wind farms produce electricity which pays for the investment when you finish but pays nothing when a stop early. This makes stopping early extremely economically harmful.
The effective electricity rate in MA is already $0.37/kWh. How much further could it go?
If a country changes course every four years, how can the success of a long-term project be ensured? And what of its negotiating credibility? How can the other side trust that an agreement will hold in the future? This is not a critique, but a genuine curiosity, because there's an obvious drawback with a system with opposing world views. Unless, of course, something still unites them in the first place, with acceptab…
> If a country changes course every four years Dozens of new GW+ wind farms came online in the last four years. This concerns a few projects in a few particular locations that are exposed to federal interference. It has impacts on the market but the market is larger than these minor disturbances by an order of magnitude. > while keeping the focus on long-term ideas and plans. We have private business in this country.…
If the Fed falls and monetary policy is subject to the political whims of a tyrant that only cares about himself, then we lost reserve currency stays and we are ducked so hard by simultaneous inability to continue the deficit and a need to pay back interest at far far higher rates. It would cause a spiral in the US economy like we have never seen. Or in the best case just a gradual switch from USD to other standin currencies causing a decade or two of recession in the US, best case.
So far most businesses have not jacked up prices from tariffs because they are hoping they can have the US Supreme Court overturn what look to be obviously illegal tariffs that should have been enacted by Congress rather than the king (we fought an entire revolutionary war over this!). If the Supreme Court doesn't overturn tariffs then we are at risk for inflation going up to 1970s levels.
The state of private business in the US is best represented by the meme of a dog sitting at a kitchen table saying "this is fine" while the house burns down around him. The firefighters may come, but they had better come soon.
If these projects ultimately end up canceled they’ll be the largest “mostly done” infrastructure projects to be cancelled. A huge waste. And a monument to US incompetency.
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Yet somehow they've managed to eliminate extreme poverty and challenge the U.S. in GDP. Sounds like cope to me. They couldn't do that with extreme corruption like we tolerate in U.S. allies.
They "eliminated" extreme poverty caused by communist control in the first place, by going to a capitalist system. There were tons of economic low-hanging fruits by building out large infrastructure projects, which corruption happily siphoned off of. The ROI of these infra projects have been gone for a while, yet they continued. Also it's been stealing intellectual property, trade dumping, exporting deflation. Soakin…
If these projects ultimately end up canceled they’ll be the largest “mostly done” infrastructure projects to be cancelled. A huge waste. And a monument to US incompetency.
Even bigger than the abandoned AP1000 reactors in South Carolina? That was about $5B of abandoned capital, IIRC. It was also a monument to IS incompetency, but at least those responsible went to prison for it. I doubt we would see the same for cancelling the wind projects.
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China doesn't have flip-flopping like this with its attendant massive waste. Instead it has endemic corruption which siphons off funds all over the place, perhaps with the exception of the big projects that command the full attention of central leadership.
Yet somehow they've managed to eliminate extreme poverty and challenge the U.S. in GDP. Sounds like cope to me. They couldn't do that with extreme corruption like we tolerate in U.S. allies.
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The sad truth is that it's millions of people. These people just want to see the world burn due to nothing but narcissism and hate of the imaginary "other side".
There are not in fact millions of people who want to burn the world just to spite others. If you truly believe that then you have really failed to understand people around you, and should try to better empathize. As a rule, people do what they do because they believe it to be the right thing. They might be misguided in that belief, of course, but the idea of millions of people deciding on a cartoonishly evil course o…
https://www.esquire.com/news-politics/politics/a25795665/gov...
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> how can the success of a long-term project be ensured? Well, for one by ensuring that 'long-term' means it starts at the start of a term and ends before the end of that term. At most that only rules out nuclear, at least wrt long term energy projects. And it's not like recent dem administrations were unfriendly towards nuclear. Vogtle 3/4 were approved early in Obama's term, and finished under Biden's.
"Long term" means decades when it comes to energy strategy, major infrastructure initiatives, and decarbonization. Four years is woefully inadequate for strategic planning, you’re operating on a tactical level at best.
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They "eliminated" extreme poverty caused by communist control in the first place, by going to a capitalist system. There were tons of economic low-hanging fruits by building out large infrastructure projects, which corruption happily siphoned off of. The ROI of these infra projects have been gone for a while, yet they continued. Also it's been stealing intellectual property, trade dumping, exporting deflation. Soakin…
More cope. "They eliminated poverty... but at WHAT COST? They did good things but they trampled on the intellectual property of our beloved billionares ? *sob*"