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10 sats \ 1 reply \ @kr 23 Jan \ parent \ on: Expensive fridges are dying young. Owners are suing, claiming fraud tech
yes, Elon’s DoE loan from 2008/2009 was very helpful (maybe necessary) for Tesla’s survival, but the latest set of ZEV credits don’t seem to have changed Tesla’s position as a profitable business.
Tesla continues to be profitable without them, and there remains a wide gap between Tesla and all other EV companies even though most other companies still have access.
I learned lots about state intervention from reading Americana, including that the Erie Canal the US steel industry both owe their existence to US subsidies in their earliest stage.
The Erie Canal was essential for settling the Great Lakes region, and the US steel industry in the Carnegie era couldn’t compete with imported British steel in a free market.
Both of those events occurred before the Federal Reserve was created.
This is a good point. Its not that the Fed is the central enemy. The central villain is the state. The US government stealing the money of people and deciding where it should be directed. The Fed is a more efficient mechanism than taxes. Corporations/Business interests aligned with governments doing as they please.
My issue is with the system of theft. Not people like Elon or even just the Fed. This belief that it is OK to steal from people just because you are a government. They exercise god like authority over the plebs.
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