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You get pure, naked capitalism at that point where the little old lady who can only pony up 50 dollars a month to keep the ac running at below deadly temperatur
by lovich 4y ago
You get pure, naked capitalism at that point where the little old lady who can only pony up 50 dollars a month to keep the ac running at below deadly temperatures loses out to the aluminum smelter or cryptominer willing to pay 200/ month because they make a profit.
This causes political problems because people like capitalism until they see grandmas dieing so someone can make extra widgets, but it’s the US so we can’t say capitalistic behaviors have to be regulated to prevent that situation, and we get crazily inefficient solutions in response
- silisili 4y agoThe little old lady, in my case, would get power at cost to keep her home below 80F. Unless of course she's mining bitcoins or running a grow operation. I don't think power, or anything, should be highest bidder wins. But perhaps highest bidder wins above normal usage.
- lovich 4y agoIf she’s getting power at cost then she isn’t living under the capitalist system Texas claims to run under if there’s a single person or company willing to pay a penny more. That’s how that shit works. Texas is breaking down because they, for political reasons, want to claim they are capitalist but also for political reasons can’t admit to the consequences of living under such a system
- mrguyorama 4y agoI'm not convinced they can't admit those consequences. Didn't their governor literally say grandma should sacrifice herself for the economy during the early pandemic? Grandmas literally died during the Texas grid failure but Fox News blamed it on "wind turbines" so I don't see the electorate caring enough to oust their otherwise popular political personalities.