Post by Harrison: (please respond on TA as this author does not follow FB)
OK. Let’s give capitalism its due. When immediate costs .. not
counting the externalized ones .. command it, old technologies are
replaced by new ones, rather quickly. As when cheap oil from Saudi
Arabia replaced coal along the Atlantic seaboard, between 1945 and
1950. Zip, and coal was gone. Inland, only a few hundred miles, coal
survived owing to distribution costs. That cheap oil shipped cheaply
all the way from Saudia, but piping it or hauling it any distance by
train reduced net profits from the transition approximately to zero.
I have been told, and I hope it is true, that solar power is now as
cheap as coal, except for distribution costs. Much cheaper, if you
let me charge for externalized costs, something Economists now forbid.
Solution: add Economists to Lawyers as first to be hung.
Tra-la-la!
hh