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Joined 3 years ago
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Cake day: July 31st, 2023

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  • Most people with that little money aren’t going to go out of their way and assume the risk of investing in new ventures. They’re going to put it in some managed or unmanaged fund recommended by someone else, and that money is going to be invested in something safe and presumably profitable on an infinite time scale, like a megacorp (or 500).

    It would amazing if the everyday worker’s savings went towards aiding the local community in starting new businesses, but I wouldn’t count on that being the default.



  • The researchers said it was “maddening” that such easy action to fight the climate crisis was not being taken, and said people should be angry. Stopping the leaks can even be free, given that captured gas can be sold – methane is the “natural gas” that fires power stations.

    It’s maddening but expected.

    When corporate decisions are based solely on pleasing investors, fixing a leak isn’t a priority. It might be a long-term investment that eventually pays for itself, but it comes with a front-loaded cost that diminishes the profits of the current quarter.

    The only way to get them to care about the problem is if it’s actively unprofitable or comes with personal liability for the leadership, and the only way that will happen is with regulations.

    In other words: “why about the survivability of the species when we can instead care about making our investor’s loins tingle?”