Are you scaremongering the public with the state of our grid?

Definitely. I literally trying to scale people, but not for the sake of it, but because it is actually quite scary.

And if we don't do something about it, then we have a very realistic chance of rationing and potentially blackouts.

What would rationing look like to me as just a homeowner?

Oh, so it would be four hours of rolling blackouts by region. Well, I think of it as civilizational,

like energy is civilization. It is. If you look across Western economies, lots of countries are now coming to the same point. The reality is that

Western economies are in bad shape. We are running out of money. We've had this huge debt-funded

expansion of the state where the focus since the Cold War ended has been on doing things nicely.

So we've had this massive increase in regulation,

huge increases in welfare, and massive reductions in productivity and value for money.

You know, I've seen credible economists talking about half a dozen Western economies

experiencing sovereign debt crises in the coming years. That doesn't seem far-fetched to me. And so what will

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Hi, Catherine. Good to see you again. Pleasure to be here. Are you scaremongering the

public with the state of our grid? Definitely. I literally trying to scale people, but not for the

sake of it, but because it is actually quite scary. And if we don't do something about it, then we

have a very realistic

chance of rationing and potentially blackouts. How did we end up in this position?

Well, I think there's an awful lot of complacency going on and an awful lot of wishful thinking.

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