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> If resources were more evenly distributed, we would see different regions and peoples doing more varied things which would be appropriate for their needs. Yo
by tharmas 9mo ago
> If resources were more evenly distributed, we would see different regions and peoples doing more varied things which would be appropriate for their needs.
You need legislation that forces the Banks to lend money for Asset CREATION not Asset ACCUMULATION. Or at least TAX asset consumption heavily.
- SR2Z 9mo agoBuilding data centers is undoubtedly asset creation, though.
- michaelteter 9mo agoBut like many commercial activities, the full cost of the endeavor is not entirely met by those who will gain the most. In other words, the corps will get the benefit of lower energy costs by going into markets where their buying power will allow them to essentially slurp up the cheapest energy, pushing the rates up for the individual population (who will not gain financially from the new assets). This is especially true for limited natural resources like water. And it's been true for oil and gas development for a century.