We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly,” wrote JP Morgan analysts this week. They were describing the reputation crisis facing Tesla, one of the world’s leading electric vehicle manufacturers. The problem for Tesla is straightforward: their CEO, Elon Musk, has embraced hard-right politics. He has supported the neo-Nazi-friendly AfD party in Germany and even made a gesture that looked an awful lot like a Nazi salute at Donald Trump’s inauguration. (Nazis were certainly thrilled by it.) Musk has a leading role in a presidential administration that is waging war on the civil service and gutting climate and environmental policies.
Climate Crisis
George Monbiot: Ground Rules
We cannot build our way out of the environmental crisis. Read here
Economics
Bill Mitchell: Keynes was wrong because he failed to consider class conflict
We will never reach the nirvana that Keynes envisaged because the structure of capital ownership will never permit it. Governments can tinker around the edges but ultimately they have demonstrated a lack of resolve to […]
Climate Crisis
Nasdaq: France braces for uncertain winter as nuclear power shortage looms
France, once Europe’s top power exporter, may not produce enough nuclear energy this winter to help European neighbours seeking alternatives to Russian gas, and may even have to ration electricity to meet its own needs. […]
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