Things (nearly) fall apart: The year so far in electricity, finance and computer chips
By Kurt Cobb, Resource Insights
The news is full of stories about a system whose rivets are about to pop en masse. Disparate calamities are arising out of a system that applies certain “principles” across sectors of society. Those principles have their origin in rigid economic ideology. Let us take Texas utility customers who shivered through rolling electricity blackouts last week.