Quote:
Originally Posted by jfman
What he said.
We all agree there’s some things better left to the market. It’s clear for energy that either way there’s a role for the state. The question after that is to benefit who exactly.
It’s difficult to rationalise that should be global energy companies already making supernormal profits in the absence of genuine competition.
By not taking control of these resources - or a sizeable proportion of our demand for them at a minimum - we leave ourselves exposed to being price gouged at every emerging geopolitical crisis. That hits our citizens and businesses equally, generating inflationary pressures and increasing instability.
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When you look at where this country used to be in terms of nuclear power the state we now find ourselves is shocking. We had the first civil nuclear power programme in the world and designed and built our own reactors. Now apparently we’re unable to do anything without the blessing of EDF including, it should be noted, its trade union which has a seat on the board and understandably has demanded to know, from time to time, why this level of investment is being spent in the UK rather than in France.