The recent meltdown of Texas’s energy grid during a spell of extreme weather made it extremely clear for everyone to see: a for-profit, free-market-oriented energy system is bound to fail massive numbers of people.
Joe Biden has promised to ensure climate justice, but will his administration rise to the challenge? With the Biden Administration pledging to take the climate crisis seriously, some grounds for optimism exist.
With oil prices down and wealthy countries bungling COVID-19, the pandemic has exposed the weaknesses that wealth papers over. The relationship between wealth and favorable outcomes only works when that wealth is invested in the many, not the few.
For China, the global war for influence is about trading partners. For the U.S., it could mean something more volatile. China recently softened its language toward the U.S., stressing peaceful co-existence.
China’s ambitious infrastructure Belt and Road Initiative is about building knowledge and not just things. It has grown by leaps and bounds while America’s geopolitical vision has become increasingly isolationist, paranoid, and confrontational.
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