Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

What precedent exists to make you think that big finance will "bring accountability" to anything that they themselves are completely unaccountable for?

It is trivial to identify many examples where they are neck-deep in investments that run counter to the stated goals of environmental movements. Oil investments are a very simple example, but so is the continued financial support for companies which dump toxic waste into public lands. If there is no accountability now, how the hell will there be more accountability when they get even more fingers in more pies?

Investment relies on a simple idea: that the investment returns more money than you put in. Which part of what you've described makes that expectation compatible with solutions to the climate crisis?



It is pretty simple: now there can be investment in companies that make money from reducing carbon. If the products don’t actually reduce carbon, their customers flee them and the investment fails. Does that make sense?


It makes sense in absence of any acknowledgment of our global economy's structure, sure.


I don’t follow. The structure of making investments? Capitalism?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: