• adhdsergio@lemmy.world
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      3 days ago

      Technically it’s socialism - the population is subsidising the datacenters. It’s only capitalism when it comes to getting paid

      • lefaucet@slrpnk.net
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        3 days ago

        They are raising prices because there is new demand in the market. That’s not socialism at all, it’s market forces.

        I’m betting the datacenters and power companies are funded by capital from investors that demand to receive the maximum capital return that can be extracted from that municipality. That’s capitalism

      • nanometer1625@thelemmy.club
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        3 days ago

        It is not socialism. It is literally capitalism. Socialism is a form of government. It is true that the costs of higher energy are being spread across society and therefore socialized, but that is not the same as socialism.

      • MrEff@lemmy.world
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        3 days ago

        If you are looking for the truest -ism that this would be, it would be the original Mussolini definition of fascism as the merger of state and government, that is now closer to what we would call corporatism.