Sunday, September 4, 2022

Michael Roberts — Energy, cost of living and recession

I won’t go further into the myriad of proposals coming from the UK government, the opposition Labour party and various think-tanks about how to relieve or avoid the catastrophe ahead for millions of households in Europe and particularly the UK. I won’t because there is one thing that they all have in common – there are no proposals to end the market for energy prices or to bring into common ownership the energy companies, retail, distribution and wholesale (the UK TUC proposes nationalization of retail only). To do so would require a revolutionary transformation of the structure of economies starting with energy..…
Michael Roberts Blog — blogging from a marxist economist
Energy, cost of living and recession
Michael Roberts

See also

Reminiscence of the Future
That's The Way You Do It(c).
Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where he currently works as Laboratory Director in a commercial aerospace group. He is a frequent blogger on the US Naval Institute Blog. He is author of Losing Military Supremacy, The (Real) Revolution in Military Affairs, and Disintegration: Indicators of the Coming American Collapse — Clarity Press


Sputnik International (Russian state-sponsored media)
German Counterintelligence Expects Mass Protests Over Rising Costs of Living, Energy


Internationalist 360º
Mass Protests Taking Place Across Europe Against NATO Proxy War, Sanctions and the Economic Crisis (Lots of excerpts from Twitter)

US Dependence on Russian Uranium and Sanctions Policies
Vladimir Danilov

A Son of the New American Revolution
Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)


Matt Franko said...

“ the market for energy”

Yo, the climate nutters are outlawing previous methods of energy production…

NeilW said...

Energy markets work just fine, as all markets do - as long as there is excess uncoordinated supply.

It's when there isn't excess supply that price is set by the swing producer. Something Warren has been saying about oil for years.

Private firms sell what they have for the highest price they can get. It's only if you can go elsewhere *and they won't sell it to anybody else* that prices end up being controlled by market forces.

The solution from Marxists and so called Progressives is that very clever people should start directing things and deciding who is worthy and who isn't. Central planning in other words.

If we end up with an OPEC for gas forming, we're in trouble.