The European Union’s power sector is a good example of what market fundamentalism has done to electricity networks the world over. With the end of cheap natural gas, retail consumers and businesses are paying the price for their governments’ embrace of a shoddy theory.
Related Articles
Bill Mitchell: Eurozone inflation heading negative as the PEPP buys up big – don’t ask the mainstream to explain
Governments save economies. Never let a mainstream economist tell you that government intervention is undesirable and that the ‘market’ will sort things out. Never let them tell you that large-scale government bond purchases by central […]
Bloomberg: Spain´s notorious Supreme Court: Banks Win Mortgage Tax Reprieve
Thanks to the Catalan independence movement we are realising how politicised and reactionary Spain´s justice system is. Also see this Read here
Eurostat: GDP down by 0.1% in the euro area and up by 0.1% in the EU
Among the Member States for which data are available for the third quarter of 2023, Latvia (+0.6%) recorded the highest increase compared to the previous quarter, followed by Belgium (+0.5%) and Spain (+0.3%). The highest […]
Be the first to comment