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 4 months ago* (last edited 4 months ago) by yogthos@lemmygrad.ml to c/economics@lemmygrad.ml

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[-] GreatSquare@lemmygrad.ml 4 points 4 months ago* (last edited 4 months ago)

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.

[-] Maeve1@lemmygrad.ml 4 points 4 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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