this post was submitted on 14 Sep 2022
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GenZedong
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I just watched this statement by Yanis Varoufakis https://youtu.be/NicE0-N9ux0?t=130
The price caps implemented in Greece are being used as the model for the EU-wide price caps. This model ends up paying the energy suppliers out of state pockets instead of just lowering the prices of energy to their real value (he even offers a 5% profit, it would still be 50% cheaper than current prices). It's a massive scam on the public.
Story as old as capitalism. After every crisis, capitalist end up being richer than before. It's literally why bourgeois state exists, its primary function. Covid crisis was an arena for the biggest transfer of wealth up in the history. And this now will be more serious than Covid, it's base necessities crisis. It will be tragedy for billions, but a boon for the few.