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Joined 11 months ago
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Cake day: July 27th, 2023

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  • By ‘both’ I mean we don’t have to either not solve this (climate hell) or just subsidize private hydropower, we can overcome both of those.

    But… the point you brought up does lead me to talking about the Norwegian oil strategy that you might be interested in! Norway is doing exactly that: subsidizing private discovery of oil, tax the sale of oil heavily - and it has been very successful (to the detriment of the environment…). The US can learn from that by subsidizing private hydropower development (to incentivize building more of them) and then using targeted taxes when they’re actually operating. It’s the strategy that is often touted as “how Norway avoided Dutch disease / the resource curse”.

    I didn’t actually mean subsidizing private hydropower above, though, I meant the government doing it themselves so that the profits are socialized rather than privatized. That’s mostly what Norway has done with its hydropower strategy. The case for taxes for hydropower, and natural resources in general, is basically the Georgist case: nobody invented or created the nature/land that allowed for that hydropower station, it was already here long before we were, so taxes make sense in that they socialize profits extracted by private companies.




  • What is it with corporations just buying stuff up for excessive amounts of money and then firing a bunch of people?

    Probably because they’re unelected descendants of upper middle class to straight up wealthy people, assigned by a wealthy board of more wealthy individuals (if it’s a public company), rather than a competent leader the workers with actual knowledge of how work is being done on the floor have decided is the best.

    When you don’t leave managing the business to an incompetent nepo baby, this happens:

    […] the UK Office for National Statistics showed that in the UK the rate of survival of cooperatives (read: democratically owned organisations) after five years was 80 percent compared with only 41 percent for all other enterprises.[6] A further study found that after ten years 44 percent of cooperatives were still in operation, compared with only 20 percent for all enterprises.

    Fakhfakh et al. (2012) show that in several industries conventional firms would produce more with their current levels of employment and capital if they adopted the employee-owned firms’ way of organising



  • That’s not what we were talking about here. We were talking about building enough housing to be able to guarantee it for everyone. That’s not rent control, that’s just investing in our housing supply.

    The topic of this conversation follows from your statement:

    Which is bad for landlords (including the ones that work in legislation)

    i.e. landowners and people in power hold sway over the decision making process and are keeping us away from legislation that houses people. Unless I misread you. That’s why I brought up another example.

    Rent control doesn’t work, the economists are correct (Who woulda thunk it, but studying the way prices are determined is a valid field of academic study). Or rather it does work for some people but makes life harder for others, and isn’t nearly as good of an approach as people think.

    You clearly did not read the link, the person who wrote it is a PhD economist. Also, using one solution as a way to fix housing is naive, when we could (and should be, it’s horribly unaffordable for average people in urban areas, where most people in western countries live, already) be using many, including rent control.