Energy companies are in a reference class of their own, and their political influence, lobbying power and entrenchment comparable if at all to that of banks and financial institutions. They are transnational players that many see as transplanting state actors, even when some of them (e.g. Chinese energy companies, Russian energy companies) act as surrogates for their state. They are not like Hollywood.
If there is a new way to produce nigh-unlimited energy, it won’t be long until there’s a law to regulate it, and that law will be heavily influenced by energy companies. Or will they be stopped by public pressure and idealistic politicians? More like the lone battle of Elizabeth Warren, failing to get the simplest kind of regulation passed in the banking sector.
Let’s not even get into the broken patent system which can be weaponized by the highest bidder.
Energy companies are in a reference class of their own, and their political influence, lobbying power and entrenchment comparable if at all to that of banks and financial institutions. They are transnational players that many see as transplanting state actors, even when some of them (e.g. Chinese energy companies, Russian energy companies) act as surrogates for their state. They are not like Hollywood.
If there is a new way to produce nigh-unlimited energy, it won’t be long until there’s a law to regulate it, and that law will be heavily influenced by energy companies. Or will they be stopped by public pressure and idealistic politicians? More like the lone battle of Elizabeth Warren, failing to get the simplest kind of regulation passed in the banking sector.
Let’s not even get into the broken patent system which can be weaponized by the highest bidder.