2022-09-25
Yanis Varoufakis is always good value for sound logical analysis and excellent clarity of exposition.
Here he examines the UK's simulation of a competitive power market. Want to know why you're paying more for power?
Pay attention ... and be prepared to be amazed.
" ... if you do that ... we would have had back in March a reduction ... in the average price of electricity, of more than 50% ... without any subsidisation ... without the state borrowing money ... without anything"
"This is a clear-cut case of destroying the capacity of the majority of Europeans to make ends meet ... "
"The only people who benefit from the sanctions on Russian gas and oil, are the Russian oligarchs and the European oligarchs"
(56 minutes - 24 minutes of Yanis Varoufakis, 5 minutes of Johannes Fehr re Germany, plus more from other contributors)
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