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consider the implications for a post scarcity future
(slrpnk.net)
cross-posted from: https://slrpnk.net/post/8471507
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this post was submitted on 10 Apr 2024
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A Boring Dystopia
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It's more complicated than that. Supply shocks cause short term instability in markets that require long term revenue streams to offer service.
Because we privatized our infrastructure, and because private firms divert a bunch of their revenue to profit, we have a bunch of material infrastructure that needs to be maintained by firms more interested in extracting profit than keeping them functional.
That's the real threat of solar panels. If we cut into private profit margins, they'll allow the infrastructure to collapse rather than maintain them with declining profit.
Seems like the real problem is corporations and the solution would be to violently nationalize at the slightest hint of bad faith.
I don't think it's a good idea to have our infrastructure be used as a hostage.
That's a smart policy, from the economics perspective. But its pretty disastrous from the politics perspective.
Countries that try to nationalize their major productive assets regularly find themselves destabilized and regime changed in short order.
All I keep reading is the failure of capitalism at the end of the day.
Its failure of regulation. Same shit will happen in any system if its not properly regulated and checked...