Where I live, we have a thriving tent-city culture. No bills, no problem.
I feel bad for people man. I’m shocked that a couple with kids who earn £50k per year between them still won’t be able to pay their bills.
Once the peasants are homeless and starving, will the idle rich be able to maintain their lifestyles? I worry about them. Maybe bitcoin will help.
But what if you’ll need them coins in the afterlife?
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I guess those articles will all turn out to be really funny in a couple years.
It might take a long time but crypto currencies are going to become commonplace in our societies.
Definitely they will. Central-bank crypto currencies
That isn’t what I see happening now, I see decentralised crypto currencies becoming popular. They can create lots of crypto currencies which will be ignored because the whole point of crypto is the fact it’s decentralised.
So in the UK we now have a new PM, Liz Truss, apparently she has private investments in energy firms and has received payments from them. We also have power companies operating in the UK earning over £150 Billion in profit per year.
There is talk of the government freezing prices of energy, I’m not sure how a companies profits can be a higher priority than people not having energy and becoming unwell because they can’t afford food.
Understanding all of this makes me realise there is a need for a level of decentralisation, some of the decisions made are very bad.
Currently many can’t afford to heat their homes or pay for electric and charities report people who need help aren’t asking for food that requires cooking they seem to want food they can eat straight away because they can’t afford the energy too cook it.
Some business electric contracts run out at the end of this month, so we could see an energy bill for a typical uk business go up by 4 or 5 times which will cripple many businesses.
This problem will solve itself anyway. People will not use as much energy as they used to. Additionally they will have to use energy sources that are still left.
This happened during scarcity in history.
Permanent scarcity will cause permanent changes in economy, technology and society.
Higher energy prices will just mean that producing energy will be more profitable, so more power plants will be built which will bring the prices down again.
In a free market.
Now if they start fix prices that will not work and then no one has an incentive to build out power production.
The cost of producing power is a sum. We would have to see the budget of power plant to say anything about how profitable it is. And from where the costs are actually coming. Then we can simulate budget for different power plant using other resources and technologies, its a complicated stuff, needs many specialists in their areas.
This is where governments need to come in and give energy companies a shove. A government should never be happy with energy costing so much that even key workers on salaries of £25 to £30k per year are affected badly and have no idea how they will pay for energy.
If a police woman who is a mother is earning just over £25k per year and still has to visit a food bank then god knows how anyone on a salary lower than that is surviving.