Doomberg: "Our Fragile Energy Economy"
The Great Simplification with Nate Hagens
The Hidden Costs of Decapitalizing the Global System- Chinese Solar Panel example
China has successfully monopolized many industries, including the solar industry, by leveraging dirty coal slave labor and poor pollution controls to make artificially cheap solar panels./nChinese companies flooded the world with these panels, leading to the loss of the solar supply chain in the West./nChina now controls 95%+ of the key steps in the solar supply chain./nDecapilization, or disregarding social costs, is a major factor in China's dominance in the solar industry./nA solar industry in the US is possible but would cost more due to labor and other factors, and would require tighter environmental controls./nCompeting with Chinese companies on price is difficult when they avoid addressing pollution costs./nCompanies that claim to care about the environment often prioritize cheaper prices over sustainability./nThis is the reality experienced by professionals in many industries.
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