On the altar of "democracy" and globalism--a euphemism for being eaten by the US. Here is the excerpt from my latest book:
In December of 2019 the cost of $0.38 per kWh (kiloWatthour) of electricity for an average German household was the second highest in the world, after Bermuda. For comparison, the same kWh in the United States cost $0.14, and in Russia—$0.06. For businesses, Germany’s price for kWh was $0.23—the highest among developed nations, with the United States at $0.11. Russia was at $0.08; China was at $0.10. The conclusion thus is inevitable. Given that Germany has the highest energy costs in the world for a developed industrial economy the prospects for Germany’s survival as a totally independent competitive advanced economy look increasingly slim, once one considers not only Germany’s energy policy but that of the EU as a whole, which among competent industrial and energy professionals creates a sense of bewilderment.
It is 2021 now and Electric Rate website updated today (or yesterday) gives pretty much the same spread which looks like this:
Here is production of aluminum:
I wrote on that issue not for once, including on reset. But I might as well say it straight why this is happening--office plankton cannot govern, period. It is especially incapable of governing in times of great change. The idea that some SOB Ph.D. in political science or law, who reads WSJ can have a grasp of a modern world is down right preposterous, as Western "academe" and political class prove it time after time, day after day. The West is run by a collective Fukuyama. And that is both the diagnosis and the indictment. EU is about to feel the heat, or, rather, lack of it and maybe reconcile itself to the idea that it is not what it thinks it is. As per US--there are certain benefits to the position of the superpower, but judging by the US political discourse those benefits will be squandered. No surprise here.