Comment by bwestergard
6 months ago
Has there ever been a polity where your "rational market forces" prevailed over "lobbies" created by market forces?
6 months ago
Has there ever been a polity where your "rational market forces" prevailed over "lobbies" created by market forces?
Not in the history so far. I'm just trying to balance the extreme negative view on Chinese subsidies. They are of similar nature, and scale (as percentage of the total economy). In the EU we have this view of Chinese EVs because they get subsidies from the state, whereas we are doing the same for European car manufacturers (especially Germany amd France). We can at least be rational in our analysis.
I mean, yes. The coal industry put huge amounts of effort into trying to halt oil and later gas, and it didn't really work in the end.
Do you have a citation for this?
So far as I know, oil production increased coal consumption, and indirectly production, in the early twentieth century.
https://ourworldindata.org/fossil-fuels