| ▲ | palmotea 2 hours ago | |
> Yeah this is a bummer. If it goes south everyone in power will also have perfect hindsight and say they saw it coming because obviously you shouldn't have this much built on such a small footprint. And yet... It'll be true, everyone does see it coming (just like with rare earth minerals). But the market-infected Western society doesn't have the maturity to do anything about it. Businesses won't because they're expected to optimize for short-term financial returns, government won't because it's hobbled because biases against it (e.g. any failure becomes a political embarrassment, and there's a lot of pressure to stay out of areas where businesses operate and not interfere with businesses). America needs a lot more strategic government control of the economy, to kick businesses out of their short-term shareholder-focused thinking. If it can't manage that, it will decline into irrelevance. | ||