The Daily Shaarli
March 4, 2021
March 2, 2021 was the five year anniversary of the murder of Berta Cáceres, who opposed the Agua Zarca dam in Honduras. That date was less than one month after the deaths of dozens of people from Tehri Dam disaster in Uttarakhand, India. The two stories together tell us far more about consequences of the insatiable greed of capitalism for more energy than either narrative does by itself.
It all depends on whether the UK economy can ‘’grow out’’ of its debt burden as it did after the second world war through a combination of high public investment and rising inflation (that eventually forced the devaluation of the pound). Given that the profitability of capital in the UK is at an all-time low and the business investment rate worse than in any other major economy, the prospects of achieving that are small. Before this parliamentary term ends, the UK economy could be facing a new economic crisis.