NM's blog

“ How can one of the most resource-rich countries on earth remain trapped in poverty, instability, and hunger? “Too often, the focus falls exclusively on local militias, corruption, or insecurity, while much less attention is paid to the broader economic system that profits from Congolese resources.” I sent a comment to the editor. There is a crucial factor missing. Were  there classes after for al independence. If the structures of powers largely remained, what was/were the social/class(es) that perpetuated those power structures? Why did the nationalisations (not mentioned once in the article) of the 1960d and 1970s fail?  Related “The central question at stake here may be posed like this: why have the processes of accumulation failed to produce a consolidation of capital, an economically powerful ruling class and sustained patterns of national investment? The standard explanations—low demographic pressure, reliance on primary commodities, deterioration in the terms of trad...

“The study found that only 10% of the companies had expanded their renewable-based power generation more quickly than their gas or coal fired capacity.  Of this small proportion that spent more on renewables, many continued to invest in fossil fuels, although at a lower rate.  The vast majority of companies, according to the author, have just sat on the fence. She says that inertia within the electricity industry is one key cause of the slow transition.” But why? Why did only a small proportion of companies spend on renewables? Why is there inertia within the electricity industry? The articles doesn’t answer those questions, and I wonder whether the study itself does. Power companies ‘hindering’ move to green energy