Goldtent TA Paradise

Populism Keeps Rattling the Globe. Elites Have No Idea What to Do. – Politico (These Leftists hate it that people are waking up all over the world to their evil)

1. Undercover Hippie says:

   January 20, 2024 - 11:10 pm at 11:10 pm

   These people seem retarded. Why overcome populist currents when you can just listen to different, normal people about what they want to see for their countries.

   “Some in the Davos crowd preferred to focus on the positive, trusting the logic of the markets to overcome populist currents.

   Several pointed to renewable energy as an area in which economic forces appeared to be overcoming partisan resistance because of the falling costs of turning to wind, solar and other sources of power. Even politically conservative places, such as the state of Texas, are taking advantage of non-fossil fuel energies, despite such resources being viewed as leftist.”

   They are not building wind and solar there because of the logic of markets. They are farming subsidies and arbitraging land use regulations, minimal NIMBYism, politics and low land prices while conducting full-scale experiments. Long-term reliability, life-cycle costs and externalities are not major factors of economic logic that are considered by the shorter term focus of financiers, developers and subsidy granting agencies.

   Texans will discover the true costs and wisdom of the investments with more experience over time. Hot and cold spells are critical stressors. Hopefully it works out for them.