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Even neoliberal economist Paul Krugman admits China is not only ahead, but US is unlikely to catch up even if the GOP loses power in 2028. (paulkrugman.substack.com)
submitted 10 months ago* (last edited 10 months ago) by to c/economics@lemmygrad.ml
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[–] 14 points 10 months ago (1 child)

They just need a scapegoat in the form of a figurehead to avoid having to attribute any shortcomings to the system their entire ideology is centered around.

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  • [–] 5 points 10 months ago* (1 child)

    I don't think they have an ideology. Neolibs want to get into renewable energy now according to this author.

    When was that ever part of neoliberalism?

    It's only because China is doing it. They never fucking cared about solar panels and wind. Where is this shit coming from? Of course you can't catch up.

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  • [–] 3 points 10 months ago (2 children)

    Cost efficient.

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  • [–] 4 points 10 months ago* (1 child)

    Then buy cheap solar panels from China to SAVE money. Biden put a massive tariff on Chinese solar panels BTW.

    If the US wants to "catch up" on renewables, don't take the slow route of building the manufacturing processes from scratch.

    There is no bean counting in Krugman's strategy.

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  • [–] 4 points 10 months ago

    I wholly agree. The fact they're doing this despite tariffs illustrates the cost of petroenergy, to the working class, despite heavy subsidization. They perceive the debt incurred as an investment.

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