> The concept of valuing companies based on quarterly earnings growth Maybe not quarterly earnings but there was always some sort of financial metric. Becaus

> The concept of valuing companies based on quarterly earnings growth Maybe not quarterly earnings but there was always some sort of financial metric. Because financial metrics cut through the BS. If you read HN and reddit you'd think Zuckerberg is some sort of terrorist hiding in the mountains of Pakistan, conspiring 24/7 to compromise the mental health of Americans, whereas in reality if Facebook is ubiquitous in our lives, there's a clear reason for it. And even if Zuck mandated a maximum Facebook time per day per user, you'd have people creating burner accounts to circumvent that. That's how people love Facebook, and it shows on quarterly earnings, nothing but perfection ever since they went public. Same goes for Google and Microsoft. The market for techno-utopianism is alive and well even without laws which mandate things such as forceful carbon sequestration, all you have to do is look at the price action of Tesla and Bitcoin. Plus once you make a law it's very hard to remove it, just look at the Patriot Act. Americans don't care about terrorism the same way they did back in October 2001, but still the Patriot Act is as harmful to privacy as it was back then. There is no guarantee that Americans will care about climate change, 10 years down the road...matter of fact it's more likely that people will forget about it altogether once they'd start losing their parents to heart disease, cancer, alzheimer and not glamorous climate change