this post was submitted on 11 Jul 2025
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Owning class don't like free solutions. Simple enough.
I never understood why the owner class didn’t transition to renewable energy, especially solar.
If you corner that market you will make trillions, especially if you can push the fossil competitors out of the market. You already have the capital to fully research everything from materials science to construction/deployment techniques. You have the petroleum resources for manufacturing (of which some, at least these days, are still needed). And unless the sun stops shining you just take in money as long as you maintain the product, far cheaper and messier than the mass scale of oil refinement and fuel these days. It’s more infinite money than leveraging unrealized gains for rolling loans.
Why are they so obsessed with the current status quo? Too much work? Too much risk? Someday the oil will run out…
The thinking probably goes along the lines of:
Systematic capitalism plus human greed heavily incentives short term thinking
Thankfully you're overestimating the actual number of oligarchs. There are only just over 2500 billionaires, not almost 250,000.
Still just over 2500 too many
Any number greater than zero is too many billionaires.