@afneil I’d say the end of price declines and the start of the inexorable rise correlates neatly with the introduction of the climate change levy, this:
Then the 70% are wrong.
Privatisation of energy was a success. Prices fell. Consumers benefitted.
It all started to go wrong when the Tory/LD Coalition relentlessly increased state control of energy in pursuit of net zero. Continued under subsequent governments. The state now has more control over UK energy than it did in the days of the Central Electricity Generating Board!
And the remuneration last year of the boss of Gaz de France (now Engie) was €5.5m.
Other than that you’re spot on.
I’m Polish. If France is your future, I come from the end of that road.
France shows you the slow version. We lived the full one – the version where the state doesn’t just take care of everything. It owns everything.
In Poland it arrived with Soviet bayonets. In America it would arrive by vote – slower, softer, with better slogans. But the destination is the same, and so is the mechanism.
It starts with prices. When the state decides what things should cost, prices stop telling the truth. A price is a message: this is scarce, this is wanted, make more of this. Abolish the message, and the whole economy goes deaf. So the shelves emptied – first of meat, then of almost everything.
Every Pole knew the joke. A man walks into a shop: "No meat?" The clerk: "No, sir. Here is no fish. No meat is across the street."
We queued for everything. People wrote their place in line on their palms and kept lists through the night. You waited years for a small car, and often more than a decade for an apartment. Not because Poles were lazy. Because nobody in the system had any reason to produce what we needed.
At work, we had another joke: we pretended to work, and they pretended to pay us.
And the promise of equality? It produced the most unequal system of all. The party elite had their own shops – Poles called them the shops behind the yellow curtains. Those with dollars shopped in special stores. Everyone else got the queue.
Then the system needed informers, because nobody believed in it anymore. Our neighbors were recruited to report on us. You never knew who was listening – the colleague, the friend, sometimes family. So we learned to live a double life: one language in public, another at home.
Those who spoke up got the wolf ticket: no job, no promotion, sometimes no university place for their children. Nobody needed to send them to prison. They just couldn’t live.
The newspapers reported record harvests while the shelves stood empty. Everyone knew. Nobody said it. That is what a society looks like when the lie becomes the system.
In 1950 we were about as rich as Spain. By 1989, Spain was twice as rich. That is what forty years of "fairness" cost us.
Today in America, the method is softer. Your neighbor won’t inform on you to the secret police. Someone will report your post, and you’ll be cancelled – no job, no account, no platform. Different tools, same machine.
We got out. Ten million of us joined Solidarity, and in 1989 a system that looked eternal collapsed. Since then, Poland has become one of the great success stories of Europe – because people were finally free to build.
But we still carry it. More than thirty years later, you can see it in the careful answers, the closed faces - the system leaves faster than the fear does. It takes generations to get out of it fully once you fall into that trap.
Nobody votes for the queue. Nobody votes for the informer. They come with the promise.
Trust me, you don’t want to go down that road.
Capitalism works if and only if all members see themselves as "pre-rich" or "feasibly-rich-if-they-wanted-it-badly-enough". Remove that and the system collapses.
Ranulph Fiennes asked me to organise his divorce. His wife blackmailed him with secretly recorded sex tapes. Desperately unhappy, Ran planned to commit suicide on Everest. His sister asked me to go to Base Camp to stop him. Mail on Sunday has the story!
https://t.co/Qser5scjWl
🚨 BREAKING: The 30 year gilt yield is now above 6%.
That is roughy 100 basis points higher than the Liz Truss peak & 180< basis points higher than in July 2024.