Saturday, 3 June 2017

Caterwauls On Paris

Karl Denninger | STRAIGHT LINE LOGIC



You can’t possibly be serious.
The screamfest over Trump’s withdrawal from the Paris accord is amusing beyond words.  Among the complainers is Tim Cook who I remind you makes his iPhones in China which was immune from mandatory carbon emission cuts.  If Tim Cook cared about carbon emissions he would make them somewhere else.
But he hasn’t and he doesn’t.
Then there’s Elon Musk, who stomped off in “indignation” when the announcement was made.  The truth is a bit more complex; Musk is a welfare queen and Tesla, including all that it produces (batteries, solar panels and roofs and of course cars) is utterly dependent on both government subsidy and force to make you buy them under penalty of paying more.  Tesla loses money on every car it sells and without both government subsidies and a belief they will continue the company is literally at risk of collapse.

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