With oil prices down and wealthy countries bungling COVID-19, the pandemic has exposed the weaknesses that wealth papers over. The relationship between wealth and favorable outcomes only works when that wealth is invested in the many, not the few.
For China, the global war for influence is about trading partners. For the U.S., it could mean something more volatile. China recently softened its language toward the U.S., stressing peaceful co-existence.
Viewing energy as a common-held resource, rather than a privately-owned commodity, directly links production to consumption and re-engages our liability as energy users.
China’s ambitious infrastructure Belt and Road Initiative is about building knowledge and not just things. It has grown by leaps and bounds while America’s geopolitical vision has become increasingly isolationist, paranoid, and confrontational.
Restructuring North Carolina's electricity market would mean ending longstanding policies that have left the South largely without competition among power companies.
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