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with the fairly obvious difference that FAANG receives scrutiny for its outsized market power, network effects, and anti-market behavior which is reasonable, wh
by Barrin92 4y ago
with the fairly obvious difference that FAANG receives scrutiny for its outsized market power, network effects, and anti-market behavior which is reasonable, whereas Texas has apparently decided to attack companies for being... too environmentally friendly on their own dime?
- fnordpiglet 4y agoI don’t agree but their point is the economy of Texas is strongly influenced by the success of fossil fuels in the market and major capital market participants working against fossil fuels directly hurts the texas economy - so theory is why allow companies working directly against the local economy to profit from that economy, thus using Texas dollars to hurt texas. The dime you mention was earned from customers. However - As the article states the only effect will be to drive up borrowing costs, steer business away from Texas, and will not impact these companies policies one iota. I always find it interesting that conservatives are all for the free market when it is adapted to or agnostic to their morality, but are the first to take draconian policies against a free market when it aligns with their personal morality.
- lupire 4y agoProgressives have the same hypocrisy on abortions vs vaccines. Turns out most people choose their personal preferences first, and morality second.