consider the implications for a post scarcity future
consider the implications for a post scarcity future
395 comments
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Both of the statements in that screenshot are just so inane.
Frequency has to be maintained on the grid. It’s the sole place where we have to match production and consumption EXACTLY. If there’s no battery or pumped storage storage available to store excess energy, the grid operators have to issue charges to the producers, in line with their contracts, to stop them dumping more onto the grid (increasing the frequency). The producers then start paying others to absorb this energy, often on the interconnectors.
It’s a marketplace that works (but is under HEAVY strain because there’s so much intermittent production coming online). When was the last time you had a device burning out because the frequency was too high?
Turning the electricity grid into some kind of allegory about post-scarcity and the ills of capitalism (when in fact it’s a free market that keeps the grid operating well) is just “I is very smart” from some kid sitting in mom and dads basement.
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Your explanation works very well, but completely falls apart in the last paragraph.
Solar power production clearly is (at least in part) a post-scarsity scenario, given we literally have too much power on the grid.
Furthermore, calling the power market anything like "free" is just plain wrong. A liberal approach to market regulation here would have led to disaster a long time ago, for the reasons you described at the beginning of your comment.
The market "works" because of, not inspite of regulation.
And negative prices are a good thing for consumers, not market failure.
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But too much power on the grid isn’t “here, have at it”. It’s fried devices and spontaneous fires breaking out. The grid can’t “hold the power”, only pumped and battery storage can, of which we have nowhere near enough. The grid literally cannot work if other producers put more electricity on to it.
If you have smart meter, you can literally be paid to use power at that point.
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Nobody said it can hold power
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I think we're quite a long way off from "too much power on the grid", no? Even in America we regularly over-strain our grids. My power provider has even started discouraging folks from using their power as much, and charging more, because they simply decided not to do this work of increasing the amount generated. Like my bill has never once gone down, this paying people to use power concept is completely unheard of in practice.
That said I'm willing to be wrong. If you can show me evidence we have "too much power" I'd be happy to take that to my elected officials, insist I should get paid to heat up my noodles or whatever.
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We don't have too much power overall, but there are moments where solar and renewable production in a region exceeds usage in that region.
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Where I live at the moment (UK), people with home batteries are regularly paid for storing excess energy from the grid. I haven’t got a clue about the American energy market, but intermittent energy production is causing huge strain on European grids.
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Interesting... Can y'all make room for one more over there? The bill for my 3-bedroom home is around $150 per month T_T
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wait until you figure out how we solve this problem...
wait for it...
You just don't produce that energy.
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lol. Yes, it’s that simple.
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that's how we've been doing it for the past 2 centuries, it'll be how we continue to do it for the next 2 centuries.
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A liberal approach to market regulation here would have led to disaster a long time ago, for the reasons you described at the beginning of your comment. The market "works" because of, not inspite of regulation. And negative prices are a good thing for consumers, not market failure.
Regulation of a market by the government is liberal politics. A laize faire approach is conservative lol.
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Somehow internet populists have become convinced that liberalism = the government never does anything. Ask literally any economist and they will tell you government intervention and regulation are needed in many things.
For example, read this study on the policy views of practicing economists: https://econfaculty.gmu.edu/klein/PdfPapers/KS_PublCh06.pdf
You will find that most economists strongly support things like environmental, food and drug safety, and occupational safety regulations.
Convincing people liberalism is an evil capitalist ploy to deregulate at all costs is a conservative psyop, and judging from comments like the one to which you're responding, it's working.
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Somehow internet populists have become convinced that liberalism = the government never does anything. Ask literally any economist and they will tell you government intervention and regulation are needed in many things.
ah yes, the classic laissez faire interpretation of libertarian.
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Neo liberalism is the core ideology of modern conservatism. For example, both the republican and democrat parties in the United States adhere to Neo Liberal ideology. They are both conservative.
Neo liberalism is the ideology of deregulated capitalism. Neo liberalism holds that everything should be marketable without government interference, including healthcare, real estate, power generation, water, etc. Pioneered by Margaret Thatcher and Ronald Reagan, it is the dominant political ideology across Western democracies. Liberals and Conservatives are both adherents of Neo Liberal capitalist ideology. Leftists are those who support regulation, they are definitionally anti-capitalist. When people refer to the democrat party as socialist or democrats as Leftists, they're just misusing those terms. Democrats are Neo liberal conservatives who, by and large, support deregulated capitalism.
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