Greenflation: Lowest Income Groups Hit The Hardest By European Energy Crisis

The EU’s push for the transition to a green circular economy is coming at a cost for the weakest in society. Too optimistic prospects of renewable energy sources combined with higher energy demand have led to exponentially rising energy prices that will hit low income groups the hardest.

Understanding the Affordability Crisis

Affordability was the political and economic issue of 2019. The riots and uprisings in Hong Kong, Chile, France and other countries have been at least partly driven by the fear among many that a middle-class lifestyle is moving out of reach. In Canada, the recent federal election saw all major parties focusing on the issue, with the Conservative Party even highlighting it in their slogan “It’s time for you to get ahead.” While we all can agree that there is a crisis of affordability, where is it centered and what are its causes?

Money Is Not Wealth

The vast increase in government spending in response to the COVID-19 pandemic has caused many people to question their understanding of money. With any luck, such questioning will lead to a better understanding of money’s proper function and its potential for abuse.