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Don't underestimate the power of politics to subvert the will of the market in order to prop an industry up long passed its expiration date. In the same way pol
by wonderwonder 7y ago
Don't underestimate the power of politics to subvert the will of the market in order to prop an industry up long passed its expiration date. In the same way political parties are able to leverage gerrymandered districts to remain in power, entrenched industries are able to do the same to beat back more efficient, cheaper technologies.
For example:
https://www.hcn.org/articles/coal-wyoming-lawmakers-extend-lifeline-to-coal-power https://www.hcn.org/articles/coal-wyoming-lawmakers-extend-l...
https://www.oregonlive.com/politics/2018/06/trump_orders_energy_dept_to_ha.html https://www.oregonlive.com/politics/2018/06/trump_orders_ene...