CarwilBJ’s avatarCarwilBJ’s Twitter Archive—№ 28,390

      1. "Winding down a major industry shouldn’t be constrained by the need to make money": the case for nationalizing Big Oil theguardian.com/commentisfree/2021/jun/07/its-time-to-nationalize-shell-private-oil-companies-are-no-longer-fit-for-purpose
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    1. …in reply to @CarwilBJ
      Two huge caveats here… 1. Nationalization for decarbonization presumes a national government committed to the latter goal. Not currently viable in the USA.
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  1. …in reply to @CarwilBJ
    2. If an energy-producing entity is going to bleed money, better to think of nationalization in the form of a central bank buyout than a government takeover.o
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    1. …in reply to @CarwilBJ
      Only if/when a government can create money is it immune to profit-making pressures.
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