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sabreW4K3
lazysoci.al
sabreW4K3@lazysoci.alJoined: 2024-03-16 |
Let's debunk this: In my opinion, this video is a classic example of the disingenuous, nuance-free framing you'd expect from certain right-wing US commentary. It frames a monumental win for global renewable energy as a "failure" just because Chinese manufacturers are currently experiencing tight margins. Let's look at what this video conveniently leaves out:
If the cost of securing a sustainable future and slashing energy bills is a temporary dip in profit margins for solar manufacturers, that isn't a crisis. It's progress. |
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sparkyshocks
lemmy.zip
sparkyshocks@lemmy.zip Joined: 2026-03-22 |
The GM bailout wiped out shareholders, who got nothing, and their shares went permanently to zero. They created a new company, primarily as a bailout of customers (new GM assumed the responsibilities relating to warranties, service plans, connectivity/subscriptions), a partial bailout of employees (new GM accepted the collective bargaining agreement with the unions, but closed plants under the terms of that agreement), and to some extent dealers and vendors (there were individual winners and losers in the bankruptcy as a whole). Then they auctioned off the shares of the new company, to at least bring back some money to the taxpayer (recovering about $39 billion out of the $51 billion they spent on the bailout). Economists talk about moral hazard, and the GM and AIG bailout are actually a good example of "yes we'll save you but it's gonna cost you almost as much as if we didn't." |
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sabreW4K3
lazysoci.al
sabreW4K3@lazysoci.alJoined: 2024-03-16 |
Remember the bailout of General Motors? The US handed over billions of taxpayer dollars to a company that failed to invest properly in its own future, only for them to turn around and reward shareholders with dividends and stock buybacks. Where was the outrage over those subsidies? The GM bailout wiped out shareholders, who got nothing, and their shares went permanently to zero. They created a ...
Thank you so much for this. The effort isn't unappreciated. |
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chicken
lemmy.dbzer0.com
chicken@lemmy.dbzer0.comJoined: 2023-06-30 |
This video doesn't seem to be making a moral or political judgment, it's an advertisement arguing that subsidy cuts and supply exceeding demand will cause solar producers to go bankrupt which is why you should use their middleman business to connect you with ones that won't to make your large solar panel orders from, and do it now because prices will go up. The bias here is a commercial one. |
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