Sunday, July 15, 2018

A Positive Future, If We Want It

The world is on the brink of a wave of unprecedented development which is poised to sweep over the Middle East, Africa, India, Southeast Asia, the United States and the planet as a whole. The foundations on which this new world will be built are becoming clearer and clearer: A globalised electric grid, networks of financial centres, new commercial roads, crypto-currencies, e-economies, reinvented global governance etc. All these provide the infrastructure which will shape this unimaginable phase of multipolar and multiconnected development, which we will attempt to describe in the following paragraphs.

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On the basis of ultra-high voltage (UHV) cabling technology that the Chinese have developed and that can transport huge amounts of electricity for a very low price – including installation – Chinese power companies are now setting up an immense power grid that, far beyond the New Silk Road, is already crossing the planet, distributing through Asia, every corner of Africa, North and South America, the Caribbean, Southern Europe and Russia and also Australia. This network is organised around production hubs connected to each other and redistributing electricity around each other.

Laos, for example, where the Chinese built huge dams, but which was an electricity trap given the small size of its domestic market, has become the crossroads of electricity distribution to South East Asia.

Supporters of the project insist that China does not control the network. It is actually an ‘Internet’ (or ‘worldwide web’) of electricity, in which the main contribution of the Chinese is to make available their cabling technology to which any energy supplier can contribute and any operator have access. This is where our team sees a pool of multi-energy electricity being produced in the world. We believe that such networking of producers and consumers is likely to guarantee the stability and fairness of electricity prices.

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We in the US seem to be missing out on much of this. And our so-called "leaders", who actually are merely lackeys for US global corporations, seem incapable of understanding what is going on in the world.

Wake up, America, or we'll be left in China's dust.

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