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RE: Who Wins When ESG Investing Principles and Crypto Investments Collide? (1/2)

in LeoFinance3 years ago

Hi there,

anything that has the term "global" in it and treats money as if it were a real rather than virtual commodity makes me not only suspicious but dismissive of global investments. In my view, these decouple themselves from the physical (people, plants, animals, etc.) and treat the physical like calculable, predictable entities.

It accelerates the investment machinery on a large scale and one has nothing material to oppose it with, except perhaps the human being itself as an exploitable mass.

From my point of view, there are no real physical markets left that can be tapped any further than they have already been tapped.

Musk's rejection of Bitcoin technology is clear because he is promoting battery-powered cars, which, if he thinks about it, depend on energy extraction as much as anything else that requires electricity. The production of the car bodies, batteries, etc. alone consumes fossil as well as non-fossil resources. The hunger for energy seems to know no bounds and the will to make trillions is just as unbroken. I look at this and ask: is there an end to this development?