If you want to do a bit of Both-Sides-ism, big chunks of the Dem Establishment have also been very friendly with Elon. FFS, he didn’t have any trouble landing contracts under the Biden Admin. And he led Gavin Newsom around by the nose with his Hyperloop promises for nearly a decade.
But I’d say the more pervasive concern is how heavily leveraged Elon’s businesses are with respect to his Saudi creditors. And that’s the real snarl at the end of this problem. The US has made the Saudi Royal Family such an enormous nexus of dollar inputs and outputs that Aramco might as well be a second Federal Reserve.
Our addiction to fossil fuels is driving significant chunks of our bad policy, both domestic and foreign. And while you can wax poetic about Americans “not voting for this”, there’s a deep socio-economic bond between American industry and cheap oil. Americans “vote” for the Saudis with their labor hours and their consumer spending on a daily basis.
We don’t have a lot amount of choice in our employment and consumer spending because of regulatory capture and economies of scale. Without any new coordination mechanism, getting off oil will have to be a top-down change.
Big oil has convinced us to cut down our own “carbon footprint” to encourage purity testing and exhaustion instead of collective action. They know it’s an externalities problem… do we?
If you want to do a bit of Both-Sides-ism, big chunks of the Dem Establishment have also been very friendly with Elon. FFS, he didn’t have any trouble landing contracts under the Biden Admin. And he led Gavin Newsom around by the nose with his Hyperloop promises for nearly a decade.
But I’d say the more pervasive concern is how heavily leveraged Elon’s businesses are with respect to his Saudi creditors. And that’s the real snarl at the end of this problem. The US has made the Saudi Royal Family such an enormous nexus of dollar inputs and outputs that Aramco might as well be a second Federal Reserve.
Our addiction to fossil fuels is driving significant chunks of our bad policy, both domestic and foreign. And while you can wax poetic about Americans “not voting for this”, there’s a deep socio-economic bond between American industry and cheap oil. Americans “vote” for the Saudis with their labor hours and their consumer spending on a daily basis.
We don’t have a lot amount of choice in our employment and consumer spending because of regulatory capture and economies of scale. Without any new coordination mechanism, getting off oil will have to be a top-down change.
Big oil has convinced us to cut down our own “carbon footprint” to encourage purity testing and exhaustion instead of collective action. They know it’s an externalities problem… do we?
Also if the dem inside trader are happy with their stock going to the moon they dont care what happen to the rest.
The whole establishment is based on corruption and foreign influence.