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cover of episode Energy, a free market failure

Energy, a free market failure

2022/9/14
logo of podcast Debunking Economics - the podcast

Debunking Economics - the podcast

Shownotes Transcript

It’s clear, when energy becomes short in supply, free market forces can’t look after all of society. Just the wealthy. That’s why governments are having to step in, propping up an industry that is raking in massive profits. But could free market forces drive a more efficient delivery of energy, by making lower cost renewable energy able to compete on a more level playing field. Whilst there’s no doubt pricing is distorted in favour of fossil fuel provides, Steve tells Phil there’s still no option but to nationalise the provision of energy, something we know will never happen. Hosted on Acast. See acast.com/privacy) for more information.