Indy Richard 🏴󠁧󠁢󠁳󠁣󠁴󠁿Feb 19, 2023
In 1979 Jimmy Carter installed solar panels on the White House roof. In the 80s' Ronald Reagan removed them.
Carter wanted renewables to generate 20% of U.S. energy needs by 2000. When Reagan was elected he scrapped the policy, eliminating tax breaks for renewable technologies in favour of oil and gas. Today the US produces just 7% of its energy from renewables, the majority from hydroelectric schemes.
A massive wasted opportunity which we and future generations will pay for.
#climatechange
Show threadc3141mtdFeb 20, 2023
@IndyRichard Reagan replaced capitalism with neofuedalism. He was the one who promulgated the idea of the "shareholder theory of value" and paved the way through deregulation for all the parasitic hedge funds and private equity that dominate the economy today. Prior to Reagan, and to a lesser extent Nixon, this country was headed in the right direction. Reagan ended decades of successful Keynesian economic policies in favor of creating the second gilded age.
Show threadc3141mtd

@IndyRichard

FYI, if you want to learn more about financialization and how Reagan trashed the economy, Michael Hudson is a great resource.

https://youtu.be/4zYihqqGB-g

Michael Hudson: Finance Capitalism vs. Industrial Capitalism

YouTube
Feb 20, 2023 at 2:32amMastodon for iOS