‘The good old days are gone’: how will US prices stand as war in Iran surges on?
I think the #GOP support for the#WarCrimes of #47 & #Hegseth my well have initiated a new inflationary problem-the Price-Wage Spiral, where cost of a fundamental resource drives price increases which drives demand for higher wages
And the absurd thing is that if we had taken meaningful #ClimateAction we could have avoided all this.
The fertilizer dependency on oil & gas? Well, we know how to make fertilizer without it.
The price of gasoline and diesel? #ElectricTrain networks work! We can electrify most (probably all) land based transportation, reducing the #inflationary pressures of expensive oil. (Look at recent posts about EVs as a % of new cars and market growth)
Heck, without oil, there'd be a lot less incentive to go to war in the Middle East.
So please explain to me so I can understand it - why is it too #expensive to address #ClimateChange?
@PaulWermer
Trivial.
You are missing the point.
You are doing your calculations for the whole of society.
But change as always has losers and winners.
And the fossils are literally raking in incredible profits.
And without wars who would buy all those military toys of the military "defense" industry?
It's capitalism.
Paul Wermer, CC BY-NC-SA 4.0
Andreas K