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Programme: Thought for the Week
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Gavin Oldham

Thought for the Week: Investing in Energy

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Investing in Energy
Dire warnings about the damage from climate change, plus the war in Ukraine, mean that we need to wean ourselves quickly off fossil fuels. However the investment markets are very slow in re-aligning opportunities in quoted investment markets: personal investors need to be able to invest in massive renewable energy projects such as Xlinks, but private equity and institutions have got in there first. We need a thorough overhaul of the investable energy sector to provide socially acceptable alternatives to fossil fuels. Background music: 'Boundless Energy' by Nate Blaze

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Gavin Oldham

Thought for the Week: Quality of life for all is the challenge

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Quality of life for all is the challenge
The ONS reports the sharpest fall in real wages since the financial crash, but is the pain of soaring inflation shared by all? The contrast between stock market reaction so far this year and that which followed the oil price shock in the 1970s suggests that there is little comparison with those days: and yet the massive increase in fossil fuel and food prices driven by Putin's war in Ukraine is every bit as severe as then. So why, notwithstanding the fact that economic recession is expected, are stock markets so sanguine about the conditions facing us today? It has all to do with the very different impact felt by different segments of society as a result of chronic polarisation of wealth, and it explains why we need to move to a more egalitarian form of capitalism. Background music: 'Sarabande' by Joel Cummins

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