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Cake day: June 18th, 2023

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  • You’re not wrong. There’s probably a better way to stabilize Argentina’s currency which won’t lead to as much suffering. But no one presented that better way.

    Peronists have been doing the same things for decades and it led to 40% poverty. Milei ripped off the band-aid and it led to 60% poverty. But it probably paved the way for lower poverty in the future.

    If you find a way to lower inflation (which helps everyone) and make the poorest people in society equally prosperous, I’m sure they’ll give you a Nobel in Economics for it.




  • Milei is a Christian, authoritarian, regressive fascist.

    And he would never have gotten into power if the Argentinian left had respected the independence of the central bank, been more pragmatic with their subsidies and let the market decide more of their economy. Protectionism doesn’t work and Argentina is a shining beacon letting everyone know that.

    The left in Argentina did this to themselves. Even the trade unions in Argentina are struggling with support because they’re seen as complicit in the country’s wild overspending.






  • The LCOE of renewables has been decreasing so fast that they are now cheaper than fossil fuels. You might very well see that graph change drastically over the coming decades. The LCOE of fossil fuels has been decreasing as well, and contrary to what you said production has been increasing since the pandemic, despite the horrors it will do to the climate.

    I really don’t see why people would starve… Electricity is getting cheaper to produce independently of whichever method you use, more things are being electrified, and the current price of oil is a historical average when adjusted for inflation.

    If your point is that soon it won’t be profitable to extract oil, then I have a graph for you too: https://ourworldindata.org/grapher/oil-proved-reserves?tab=chart , when that graph decreases by at least half we can talk. Until then, I’d say 200B tonnes of economically extractable oil is more than enough, and we should be more worried about the climate change that oil will cause than with it not being enough.

    You choose to see horrors present in a convoluted and esoteric set of cherry picked data. I choose to see the wonders like the GERD dam, which is giving people in Ethiopia access to cheaper, cleaner electricity. Higher quality of life without the constant need to extract more and more oil. A dam that will last generations.


  • az04@lemmy.worldtoCollapse@lemm.eeThe End of the Great Stagnation
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    8 months ago

    I disagree. Several countries are preemptively shutting down fossil fuel electrical generation in order to switch to low carbon sources. That is a transition, not an addition. 90% of my energy consumption today will be low carbon. On days I have to go somewhere by public transit I can take a natural gas bus just as easily as an electric bus, so I really don’t care if fossil fuel extraction dips, my energy needs are met just fine (and getting cheaper every year).


  • az04@lemmy.worldtoCollapse@lemm.eeThe End of the Great Stagnation
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    8 months ago

    This guy is really hoping renewables will be more expensive than energy is currently, which is not what current trends indicate. Because if energy becomes cheaper his entire point collapses and he knows it. And it’s a bit disingenuous to argue against the current system because real wages haven’t gone up in decades and then advocating for an agrarian system… where real wages would be much smaller than they are today. Like most Collapse focused stuff, it seems like wishful thinking more than anything else.