For companies and investors caught in the fray, it’s been “total misery,” says Dan Wang, research fellow at Stanford University’s Hoover History Lab and the author of Breakneck. China’s model relies on “a lot of state power, a lot of consumer power, but not very much financial investor benefit,” he says.
So sad. They can’t make money out of addressing climate change so they aren’t going to invest.
How about not having a climate disaster in the future by reducing emissions (unlike the US where emissions are still going UP while China’s emissions are actually reducing)? Is that worth investing in?
You can’t blame me for wanting guaranties that my ventures will generate a good return on investment, I can’t sacrifice my 1B$ portfolio just to save the world you see?
This is why the world cannot rely on capitalism to solve an environmental issue. Capitalists are only motivated by profits. Seeing that they can’t compete in a market, they just leave.
Expect the same shit if AI profit projections turn bad.
So sad. They can’t make money out of addressing climate change so they aren’t going to invest.
How about not having a climate disaster in the future by reducing emissions (unlike the US where emissions are still going UP while China’s emissions are actually reducing)? Is that worth investing in?
This is why the world cannot rely on capitalism to solve an environmental issue. Capitalists are only motivated by profits. Seeing that they can’t compete in a market, they just leave.
Expect the same shit if AI profit projections turn bad.