Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Thursday, April 16, 2026

Lex Anteinternet: A Fossil Fuel Free Future is Here.

Lex Anteinternet: A Fossil Fuel Free Future is Here.: This was obvious, but will remain unrecognized for quite some time, for the same reason that coal is almost dead, but people don't grasp...

A Fossil Fuel Free Future is Here.

This was obvious, but will remain unrecognized for quite some time, for the same reason that coal is almost dead, but people don't grasp it.


Average people's ability to really grasp an existential change in something is pretty poor as a rule.  It's not so much that people choose to live in the past as it is that they have no grasp that the past of their younger lives and of their parents lives, the latter of which a lot of people hold to in a sort of mythical way, evolves.  We see that a lot in the U.S. right now.

The entire imaginary economy of Donald Trump is one that's grounded in a mythical 1970s, when he was young and clubbing and men lusting after girls in their teens was basically okay, du e to the sexual revolution.  MAGA, for its part, imagines a mythical 1950s economy, not understanding why the economy of the 1950s was the way it was.  In both instances, and particularly in regard to the 1970s economy, things were not as rosy as imagined.

Coal has been dying ever since the Royal Navy went to oil for ships.  We've discussed that before here:

Coal: Understanding the time line of an industry

Coal is not coming back.  In fact, it's demise is accelerating.  Lot of the globe, including China, in spite of what a demented Donald Trump thinks, is racing towards renewables.  Trump can't really imagine it as he's 80 years old and in the 70s there weren't very many big windmills, although even then there was a push towards renewable power.

Indeed, that push was started by the Arab Oil Embargo and people have been working on the technology ever since.  Now renewables are cheaper than fossil fuels for power generation.  Only nuclear can compete.

Every since the 70s engineers have been working on electric vehicles as well. Their day has arrived.

And Donald Trump started a war that will accelerate the pace of this change, rapidly.  Trump might end up being recalled as the greenest President ever, accidentally.

The change just won't be a switch to clean electrical power, and that switch is rapidly coming and no amount of John Barrasso and Harriet Hageman calling for the mythical "clean coal" will stop it.  It's also going to be a switch away from the sort of vehicle based economy we have now.  People aren't going to stop owning cars, but already a younger generation really isn't all that enamored with them.  Self driving vehicles, as much as I hate the idea, are coming in. With them will come self driving semi tractors and more importantly, in my view, remotely driven electric trains.

There's no reason that railroads can't be controlled like giant model train layouts.  Model trains already provide the model for it.  We're not far from that day.

That day is coming now whether Donald Trump, Harriet Hageman, John Barrasso, or people with an emotional tie to fossil fuels like it or not.  Your livelihood depending on it won't matter either.

It's already happening.

Thursday, December 1, 2022

Lex Anteinternet: Subsidiarity Economics. The times more or less loc...

Lex Anteinternet: Subsidiarity Economics. The times more or less loc...:December 1, cont:

Statement from President Joe Biden on Congressional Action to Avert a Rail Shutdown

On Tuesday, I met with Congressional leaders from both parties and told them that Congress needed to move quickly to avert a rail shutdown and economic catastrophe for our nation. Now, I want to thank Congressional leadership who supported the bill and the overwhelming majority of Senators and Representatives in both parties who voted to avert a rail shutdown. Congress’ decisive action ensures that we will avoid the impending, devastating economic consequences for workers, families, and communities across the country. Communities will maintain access to clean drinking water. Farmers and ranchers will continue to be able to bring food to market and feed their livestock. And hundreds of thousands of Americans in a number of industries will keep their jobs. I will sign the bill into law as soon as Congress sends it to my desk.

Working together, we have spared this country a Christmas catastrophe in our grocery stores, in our workplaces, and in our communities.

I know that many in Congress shared my reluctance to override the union ratification procedures. But in this case, the consequences of a shutdown were just too great for working families all across the country. And, the agreement will raise workers’ wages by 24%, increase health care benefits, and preserve two person crews.

I have long been a supporter of paid sick leave for workers in all industries – not just the rail industry – and my fight for that critical benefit continues.

This week’s bipartisan action pulls our economy back from the brink of a devastating shutdown that would have hurt millions of families and union workers in countless industries. Our economy is growing and inflation is moderating, and this rail agreement will continue our progress to build an economy from the bottom up and middle out.