Price of electricity in Germany rose 1095% since last year!

Discussion in 'Wall St. News' started by earth_imperator, Aug 27, 2022.

  1. Because the state heavily subsidizes the energy companies at the moment, but it is consensus that the bill for the consumers will rise at least 3x in the coming 2 years. But someone still has to pay the rest. Guess who?... :) Of course the people themselves via their taxes...
     
    #21     Aug 28, 2022
  2. Businessman

    Businessman

    Here in the UK, early this year I was paying 175 a month for my household electric and gas.
    The national average was 110 a month. But we are a family of 5 so use above average.

    My bill increased to 280 in April this year.
    From this coming October it has been officially announced my bill will increase to 500 a month.
    April next year it is expected to be 900 a month, although the rise for April has not been not announced yet.

    From 175 to 900 is over 500% inflation!

    That is an extra 700 a month i will need to find, on top of increased mortgage payments and increased petrol and food costs..

    I reckon the inflation rate in my personal cost of living will be at least 30% come April 2023 vs March 2022.
     
    Last edited: Aug 28, 2022
    #22     Aug 28, 2022
  3. The teachings of Athens thousands of years ago, already knew that Democracy had fatal flaws. One of them being that any system which allows the SAME vote by the 'village idiot' is going to have some repercussions.

    Even today, nothing has changed. A politician only cares about their 4-year term, and will do whatever it takes to hurt the nation, if it means getting the village idiot's vote. Then the newer and often bigger problem created to get those votes is kicked down to road to whoever next goes into office.

    It always cracks me up how many Americans act as though dictator ship has to be pure evil, and only democracy is the TRUE form of government. Not too long ago Americans used to preach the exact same thing about UK's Monarchy being pure evil.


    I've even watched the US go to war and try to force democracy upon nations that did NOT WANT IT. Now, who is the dictator in that case? Or is it a paradox?

    The western history books seem to do their best to not talk about all the good stuff that Hitler and Mussolini were capable of. Only the perceived bad is allowed to be printed in our cancel-culture environment.

    Hitler got Germany out of its unrecoverable economy. At least, it would have been unrecoverable in any other system. This is exactly why he came to power. Mussolini actually was able to rid Italy of the government corruption by the Mafia (a feat said impossible in other forms of government like democracy). Interestingly to note, the Mafia fled Italy and ran to the US, which gave the US all sorts of problems ever since. After WW2, they were allowed back into Italy, which still has them corrupted to this very day with problems.

    We can go on and on here, but we're usually not allowed to say anything positive about dictatorships, so I'll shut up now like a good little church boy and better not ask any questions!
     
    Last edited: Aug 28, 2022
    #23     Aug 28, 2022
    Specterx and earth_imperator like this.
  4. VicBee

    VicBee

    Yes, you really, really want to believe that. But when the wall fell people didn't rush to the East and that's the most telling proof that you're wrong. And you will likely say that's because people are stupid and further show your admiration for dictatorships.
    I'm sorry you fail to appreciate the power of diversity, the strength brought by various viewpoints, the energy of inclusiveness. Strict hierarchy, established dominance, homogeneity, all that may work in the military but it's a single purpose structure poorly suited to the real world.
     
    #24     Aug 28, 2022
    stochastix likes this.
  5. @VicBee, the success of a country does not depend on whether its governing system is a democracy or authoritarianism, or whatever.
    Proof: China. Q.E.D. :)
    Meaning: A hard working society with a fair justice system (ie. equal rights and duties for everybody) is the main key for success and sustainable growth for any society. Ie. a just society. Not any ideology. IMO.

    Even you yourself confirmed the above said when you wrote:
     
    Last edited: Aug 28, 2022
    #25     Aug 28, 2022
  6. Those are valid and need to be considered. However, the death rate per KWH from different fuels is by far lowest from nuclear. Moreover, those plants were of a previous generation from the beginnings of the system. Nuclear has improved its safety standards considerably by iteration and learning from those mistakes. Fukushima was a terribly conceived project located in an extraordinarily stupid place. Should never have existed.

    They should really work on Thorium tech - 1000's of times safer for some fundamental reason.
     
    #26     Aug 28, 2022
  7. He made a few other calls about Biden being pres which were right on - $7 gas or something like that. Can't remember the others, but they were pretty close. Not a T fan, but Im' beginning to realize he did see some shit others didn't.
     
    #27     Aug 28, 2022
    stochastix likes this.
  8. NeoTrader

    NeoTrader

    This is complete and total bullshit. Only an idiot will consider "only opinions of political scientists". What he said is pure logic. Democracy is the way that many authoritarian regimes come to power(a simple look at latin america proves that, Venezuela being the poster child of this). Even the US, with what happened in Mar-a-Lago and an election that half the country believes it was a fraud(I'm not american, just stating facts). Canada has gone from an example of democracy to almost a dictatorship "overnight".

    Hayek, another Nobel Laureate, also stated that democracy's only Advantage is the ability to change power from time to time and even that, because of what I said earlier is questionable.

    Democracy is simply the tyranny of the majority and inevitably leads to authoritarianism. It may take longer in some places than in others, but it is the end result.

    Even what Milton Friedman stated is sadly not enough, because the constitution of the country is again and again conveniently thrown in the garbage by the elected officials and there is no way to effectively fight this. Meaning that government, in general, in whatever form, tends to authoritarianism, by definition and democracy is no different.
     
    #28     Aug 28, 2022
    earth_imperator likes this.
  9. NeoTrader

    NeoTrader

    What the fuck are you talking about? Any country that has to put up walls and shoot people to prevent them from leaving is CRAP. There is no arguing against that. Again, pure logic.
     
    #29     Aug 28, 2022
  10. But they had a good reason to do b/c of the headhunters from the West... :)

    And: the US has now created a wall too at the border to Mexico.
    Israel has a wall too.
    Spain too.
    Greece too.
    ...
     
    #30     Aug 28, 2022