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this post was submitted on 08 Oct 2025
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Having worked in energy for 10 years (particularly battery storage and solar) you are correct about the prices falling, and in my opinion you are also correct about this dooming fossils.
However, I do not agree with your second point around a new economy arising built around labor rather than capital. The mechanics of value creation can change (eg renewables vs fossils) but what the ruling class will not allow to change without intense prolonged struggle is their own position as the rulers.
You might be right, but my idea on it is that productivity increases have leveled off and population will begin falling in our lifetime. The ruling class loses power historically when the supply of labor is impacted.