[dgellow]

And during the past decade a market emerged to reward individuals and companies for consuming as much energy as they can: bitcoin mining. The "rational" choice seems to be to just throw as much energy at it as we can. Of course that's completely absurd if the result is to destroy the environment, but that seems to be what is developing.

I start to be really pessimistic about our ability to fix any real issue.

[dools]

The solution is very simple: bigger government. We have been tricked over the past 40 years into accepting that “small government” is a valid policy objective. Solving the big problems and creating big innovation in the 20th century came from a comparatively big government, the private sector was more about commercialisation than innovation and still is.