More importantly, this is not just a story about China. Government institutions represent more than 20 percent of the largest companies in the world, and include iconic companies such as Renault, Mercedes-Benz and Sweden’s Green Stelmakers. The sovereign wealth funds in Norway, Alaska and other judicial states that now control more assets of hedge funds and private stock companies combined, include senior private shareholders on the planet. Even George W. Bush and Obama departments have become a temporary owners of a majority in financial companies and car memories during the great recession period – although they refused to direct these industries about the least destabilizing carbon future. This gets another structural change.
Climate crisis, called The biggest market failure in historyHuge amounts of government intervention will require treatment, both proactive, by building clean energy industries to mitigate the worst antiquities, or interactively, through adaptation efforts to resettle people and rebuild economies if and after we accept these effects as possible. actually, Many big players In energy transmission is fully owned or partially.
None of these political changes mean that profit or class relations have faded as regulatory principles of our economy. Instead, they are pragmatic responses to technology and organization changes Since the 1970s This accelerates the concentration of companies and weakened the power of workers to maintain the root capital locally.