At a time when nuclear power is enjoying a resurgence of enthusiasm among a section of public opinion and among major players such as Amazon, Google and Microsoft, who are investing billions in it to power their data centres while limiting CO2 emissions, the new European Commission includes two representatives in key positions who are notoriously opposed to nuclear power.
Capitalism, the market economy, and freedom are always on the defence, especially when politicians influence economic processes, guide behaviour, and regulate prices. In times like these, localisation is important.
The increase in tariffs on electric cars imported from China could be the last act of the outgoing European Commission and well describes its legacy and contradictions.
Politicians often forget that it is profit that drives firms in a society built upon the tangible benefits of capitalism, and that it is the pursuit of profit that will lead companies to adopt sustainable environmental, social, and governmental (ESG) practices.