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The free market excuses work for luxury goods but they don't work for necessities. Prices have already reached the point where a large percentage of the populat
by Jochim 4y ago
The free market excuses work for luxury goods but they don't work for necessities. Prices have already reached the point where a large percentage of the population will not be able to afford any form of heating whatsoever over the winter. As a country we already know that a non-insignificant number of people develop serious illness or die because of a lack of heating.
Making the choice to take no action further compounds the issue as you deepen the coming recession and create more people who cannot pay to heat their homes or keep the economy going.
The answer to a crisis like this is price caps, investment in alternatives, taxes on profits, and if necessary targeted restrictions on energy use.
There is absolutely nothing wrong with covering a situation like this with debt in order to keep people and the economy alive.
- cm2187 4y agoThey will afford heating, only they will heat just the room they need at the temperature they need rather than heating to comfort. And keep in mind, if demand goes down, prices go down.
- lostlogin 4y agoWill everyone afford heating? The most painful point hasn’t been reached yet and some reports suggest it’s got a long way to go (tripling by the end of winter). https://www.bloomberg.com/news/articles/2022-08-20/price-cap-seen-to-breach-6-000-for-first-time-in-grim-new-forecast https://www.bloomberg.com/news/articles/2022-08-20/price-cap...
- sofixa 4y ago> They will afford heating, only they will heat just the room they need at the temperature they need rather than heating to comfort How do you know this? Did you do the math? And you know it's not just heating, right, it's electricity too. They'll eat only raw food to not waste energy on ovens and cooktops? > And keep in mind, if demand goes down, prices go down. Not with external pressure (war) and near total lack of supply no it doesn't.