BlackRock’s decision to dump coal signals what’s next

Re:BlackRock’s decision to dump coal signals what’s next by Mirioron on Thursday January 16, 2020 @08:17PM (#22070927)

$45 billion in 1913 would be $1,179 billion today purely through inflation. Money that's available right now can be invested to make life better in the long run. That's why governments usually borrow money.

I think it's not that straightforward of a situation.

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Re:BlackRock’s decision to dump coal signals what’s next by Retric on Thursday January 16, 2020 @11:49PM (#22071950)

Inflation does not represent an increase in value. Otherwise Zimbabwe would have turned into the world’s richest country.

Further there is a weak link between resource extraction an long term economic growth. It requires a huge investment in resources and education that becomes worthless after the resource runs out. Just look at West Virginia to see the long term boons from coal mining.

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Re:BlackRock’s decision to dump coal signals what’s next by Mirioron on Friday January 17, 2020 @01:01AM (#22072283)

>Just look at West Virginia to see the long term boons from coal mining

I don't understand what you're getting at. Compare the life of an average person in West Virginia today to the average person in West Virginia before coal mining and the person today is immensely better off. Technological improvements are the payoffs from investment.

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Re:BlackRock’s decision to dump coal signals what’s next by Retric on Friday January 17, 2020 @05:23AM (#22073483)

Technology has increased standards of living everywhere, that’s independent of coal mining because the technology was developed globally. West Virginia however has fallen behind the economic development of other states without coal.

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