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No, even after buying them up, they now become part of the sovereign wealth, and the sovereign still cares about its bottom line. Or look at the middle east, w
by danielweber 12y ago
No, even after buying them up, they now become part of the sovereign wealth, and the sovereign still cares about its bottom line.
Or look at the middle east, where a lot of oil companies are already nationalized, and see how much they are worrying about CO2 emissions.
- Florin_Andrei 12y agoAn interesting corollary of that logic is that if suddenly this sovereign interest was spanning the whole Earth (instead of being fragmented into over a hundred countries), then there would be bigger incentives to strong-arm a solution to this problem more quickly.