Global energy markets are on the verge of a disaster
Comments
redrove
wao0uuno
Expired.
Frieren
Neolibaralism is a failed ideology. That most western countries are holding on it shows how low we have fallen.
Socialists democracies with high social support is what we know that works. They provide to their citizens, keep corruption in check and steer away from wars that are not for self-defense.
Destroying the world and killing innumerable amounts of people so the top .1% can accumulate more wealth is going to fail. Society will collapse as it cannot maintain such direction for long. High debt, massive layoffs, over-investment in AI, ... everything is done for share prices to go up at the cost of productivity and human suffering. Energy markets are like any other market just a excuse for that .1% to extract more money from the system. Disaster is being create on purpose.
vrganj
There is no true democracy until we democratize the workplace and the economy. To claim we live in a democracy while we submit to the dictatorship of capital for eight hours a day is absurd.
simonh
Many of the countries suffering the most from this in Asia lean heavily socialist, and modern Europe is hardly a bastion of neolibralism. No economic system is immune to something like a severe energy supply shock.
Almost all the criticisms I see of liberal economics these days are complaining about factors that any economic system is vulnerable to because they are basic economic and human behavioural issues.
I think Thatcher/Reagan neoliberalism has run it's course though, nobody is actually following that script anymore. Certainly not the last few Republican administrations in the US. Trump is instinctively state interventionist.
Frieren
> about factors that any economic system is vulnerable to because they are basic economic and human behavioural issues.
So neoliberal ideas work except when applied to real humans. That is the definition of not working.
simonh
Did you see the bit in there about 'any economic system'. It's right there in the text you quoted.
moi2388
Paywall. Doesn’t say anything.
GenericDev
[dead]
Gift link: https://economist.com/finance-and-economics/2026/04/21/globa...