Bonus - Green Energy and Fossil Capital w/ Thea Riofrancos (Preview)
American Prestige
Daniel Bessner & Derek Davison
4.8 • 1.2K Ratings
🗓️ 18 January 2026
⏱️ 11 minutes
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| 0:00.0 | You're listening to American Prestige. |
| 0:03.2 | To listen ad-free, you can subscribe at AmericanPestigepod.com. |
| 0:08.3 | Find the link in our show notes. |
| 0:11.7 | But, and this apply, what I'm about to say applies to the Chinese version of this and to the |
| 0:16.1 | Western, you know, whatever it is to the whole world, what is much more difficult is to destroy value, to destroy |
| 0:24.1 | property. Like, you can open up new arenas of consumption of competition of production. Green stuff, |
| 0:30.8 | let's buy that and make that. What's harder is to destroy the actual polluting infrastructure. |
| 0:36.2 | And as per your point about conglomerates and finance, |
| 0:39.2 | the fact that our financial system is heavily invested in fossil capitalism means that it might |
| 0:45.3 | presage like a financial crisis if we destroyed all that value. And it would actually be intentional. |
| 0:51.2 | It wouldn't be like a bubble bursting like we're talking about with AI or past real estate crises. It would be like government driven intentional destruction of value. |
| 1:00.0 | And if you want to feel depressed, I would actually suggest reading overshoot. My book is less |
| 1:04.2 | depressing than that book, which really gets into like what it would take to destroy the value |
| 1:09.3 | of the fossil fuel industry, which is necessary to |
| 1:11.2 | prevent further investment in it. |
| 1:13.3 | I mean, this really speaks to where we're at, right? The argument from fossil fuel companies |
| 1:19.8 | who don't want to just say, let's keep rolling coal forever, which is what they really want to do, |
| 1:25.9 | but they can't say that now because it's not, |
| 1:28.1 | that's not what the public is geared up to here. |
| 1:31.1 | But the argument is we have to keep burning oil and gas, |
| 1:34.4 | because if we don't do that, then as you say, |
| 1:37.2 | the economy that we've built around these things will collapse |
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