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Cake day: 2026年4月25日

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  • Those transmission losses don’t have immediate health and environmental costs, though, and even discounting those there’ll be conversion losses on both ends (e: for chemical energy carriers) if what we want to get out of it is usable electricity from renewables. Dont take my skepticism for poohpoohing btw, this kind of counterintuitive thinking is one of the more fascinating things about economics. Or maybe I just like to argue :P

    I’ll look up the paper, this is an interesting topic.


  • Pipelines are cheap because we already build a lot of them. We already use them to move multiple products. It’s a somewhat generic technology (which is very impressive, dont get me wrong).

    I’d be interested to learn how the capex breaks down for the HVDC lines. Is it labor? Procurement? Those can both be optimized with scale. Expand the qualified workforce and incentivize competition among suppliers. If it’s raw material cost it might be a little harder. I imagine right of way costs are also quite a bit higher owing to the large footprint. But then once you acquire the RoW it stays there in perpetuity. Still, I bet my favorite hat that once you consider the externalities and conversion losses the transmission lines are a clear winner. The electrical grid really only causes fires when its neglected, whereas gas infrastructure leaks constantly.


















  • Yes. A key contradiction in capitalist economics is that the wealthy have a much lower marginal propensity to consume than the working class. Therefore the more wealth the rentiers capture, the lower the velocity of money. One way to recirculate that money would be to levy steep taxes against them. Another would be if they would just spend more money on labor.

    Government revenues aside, for a functional capitalist economy the money has to flow vertically one way or another. It’s A or B, and they constantly bitch and moan about both. We cannot have a functional capitalist economy when these chucklefucks are dictating policy.

    I’m sympathetic to communism myself, but that’s not hard to do when we’re living through the failure of late stage capitalism.