This would stop the currently exponential pace of growth from outpacing what society, and regulation, can adapt to. Thus avoiding the inevitable crash that will happen when we lose control of the exponentially accelerating train of technology, and it flies off the rails.
We’re trying pretty hard to slow down EV and green energy adoption as much as possible in my country, that count?
But seriously, in an ideal world this would be the role of taxes. Technology running out of control and harming people or the planet because too many people are making too much money off it? Tax 'em until its no longer worth their while to behave in those ways.
Well, on the one hand, we’re trying some very heavy-handed bureaucratic strategies to prop up O&G and to undermine domestic green alternatives.
But, on the other hand, we’re fucking up all the major international suppliers of O&G while incentivizing the world’s manufacturing powerhouse to spam green energy grids across the underdeveloped world at below-cost in order to build out a 21st century trade network.
So it’s a double-edged sword, and we’re just pinwheeling around with that thing.
Yep, apparently Cuba is undergoing the fastest green energy transition of any nation in history thanks to our fuckery, so this sword probably has like 8 edges at least.
Taxes are one mechanism, but they don’t work if you let corporations get too big/powerful. Then you get regulatory capture, no matter how many anti corruption measures you bake in
Capitalism needs constant pruning to incentivize competition and align companies with the common good… And even that never seems to last very long
Very true, and that’s the reason why governments being “pro-business” (as opposed to “anti-trust”) is just pouring gas on the fires of inequity. Governments are supposed to regulate, tax, and incentivize businesses to act in a way that benefits the country overall, something we seem to have totally lost sight of in the USA decades ago.
this. taxes and regulation are part of a healthy economy. Its like excersising and eathing right. we have been a idle junk food eating economy for a long time now.
Hmm yes I can definitely see a formulaically determined tax rate serving as the break