Wednesday , October 21 2020
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Tag Archives: Uncategorized

Transmission too

In my article arguing that electricity from solar PV (and wind) could soon be too cheap to meter, I didn’t mention transmission networks. That was for space reasons. The case for public investment is actually stronger for transmission than for generation. Electricity transmission lines have the same cost structure as renewables (low operational cost and long lives), if anything more so, meaning that the cost of transmission depends primarily on the need to secure a return to the...

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Public debt — how much is too much?

from Lars Syll.                                                                                                                              [embedded content] Public debt is normally nothing to fear, especially if it is financed within the country itself (but even foreign loans can be beneficent for the economy if invested in the right way). Some members of society hold bonds and earn interest on them, while others pay taxes that ultimately pay the interest on the debt. The debt is not a...

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TRADE WARS AFTER CORONAVIRUS – online WEA Discussion Forum opened today

TRADE WARS AFTER CORONAVIRUS Economic, political and theoretical implications An online conference from the WEA, 19th October to 5th December, 2020 The current correlation of forces in the struggle for global economic hegemony Juan Vázquez Rojo The objective of this paper is to analyze the current correlation of forces between China and the United States to verify whether this distribution of power corresponds to the current hegemonic order. Starting from the concept of interstate...

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Humanism or racism

from Hardy Hanappi and issue 93 of RWER The state of the global political economy is producing an extremely dangerous dynamic. The human species has conquered the planet, its productive forces are reaching ever more sophisticated levels and are arranged in a global network that would be able to transform growth of profits into growth of general welfare. But such a transformation needs a political agent, which is powerful enough to defeat the forces, which currently exploit large parts of...

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Waiting for a vaccine and the collaborative research alternative

from Dean Baker It seems increasingly likely that China will begin providing vaccines to its own people, as well as those in some other countries, by December, and possibly as early as next month. The prospect of a vaccine being available that soon has to look good to people here, now that the Trump administration’s pandemic control efforts have completely failed. The whole country would like to get back to normal, but that doesn’t seem like a serious possibility until we have an...

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Truth and science

from Lars Syll  In my view, scientific theories are not to be considered ‘true’ or ‘false.’ In constructing such a theory, we are not trying to get at the truth, or even to approximate to it: rather, we are trying to organize our thoughts and observations in a useful manner. Robert Aumann What a handy view of science. How reassuring for all of you who have always thought that believing in the tooth fairy make you understand what happens to kids’ teeth. Now a ‘Nobel prize’ winning...

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Για τον Γιώργο Δελαστίκ

Για τον Γιώργο Δελαστίκ 16/10/2020 Έφυγε χθες για το ταξίδι χωρίς επιστροφή ο Γιώργος Δελαστίκ. Η βιογραφία του είναι γνωστή, ιδιαίτερα στους ανθρώπους του κομμουνιστικού κινήματος αλλά και ευρύτερα, οπότε τα πολλά λόγια είναι περιττά σε τέτοιες στιγμές. Δυο – τρεις κουβέντες μόνο. Γέννημα της γενιάς της αντιδικτατορικής πάλης, αταλάντευτος κομμουνιστής, εξαιρετικό μυαλό και αφοπλιστικά ευγενής άνθρωπος. Ο Γιώργος δεν εξαργύρωσε τα πιστεύω του, την διαδρομή του και τις ικανότητες...

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Pandemic Depression

from David Ruccio U.S. billionaires have recouped all of their wealth—and more—during the Pandemic Depression. Meanwhile, since May, the number of poor Americans has grown by about 8 million. And the number of American workers applying for and receiving unemployment benefits continues at record levels. According to Forbes, Pandemic be damned: America’s 400 richest are worth a record $3.2 trillion, up $240 billion from a year ago, aided by a stock market that has defied the virus. When...

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