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...yes, it would [no]t be inconceivable
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To quote Han Solo, "I can imagine quite a lot." Does that make it inexorable?
If your totalitarian regime tries to make everyone a coal miner, they can still be blind-sided by the bottom falling out of solar energy costs. Unless they are prescient enough to get ahead of the rate of innovation. Good luck with that.
edit:
What was the thread about again?
http://rollerman1.tumblr.com/post/166131108784/doyoulikevintage-jaguar