The usual way to fix these things is civil war. Don’t worry, you won’t have to start it, the racists and fascists will do it for you. And then they’ll get annihilated, like always.

This is because they may be loud, aggressive, greedy, hateful and boastful which all help them start and ramp up wars. But they are also stupid, cowardly, irrational, week minded and a minority, which make them loose these wars.

Both, of course.

there’s no abundance of it, especially not enough for everyone to switch to EV.

That’s not true at all. There are 1.4 billion cars in the world now, while the lithium ores that are readily available for mining (22 million tons) were estimated to be enough for 2.8 billion cars a year ago. Twice the amount of cars existing today.

But since then, there was already another massive stockpile discovered in the US, that alone is bigger than that (20-40 million tons), so enough for another 3-5 billion cars. But there will surely be discovered new sites, now that we are actually, intensely looking for it. We have been looking for oil for more than a century now and are still discovering new reserves. Lithium will be the same.

Nokia was way more dominant in the phone market than Toyota in the automotive industry. Yet, when it was time to jump on the new technology that everyone else was jumping on (android), they fell into the sunk cost fallacy and stood by their own, outdated tech (symbian). That promptly got them bankrupt. Toyota may still change its course, but if they wait too long, they are going to end up just like Nokia did.

Who would have thunk?