Yanis Varoufakis details what a disaster market fundamentalism, a child of globalisation, has done to electricity in the EU. As he summarises: “The EU obliged its member states to split the electricity grid from the power-generating stations and privatize the power stations to create new firms, which would compete with one another to provide electricity to a new company owning the grid. This company, in turn, would lease its cables to another host of companies that would buy the electricity wholesale and compete among themselves for the retail business of homes and firms. Competition among producers would minimize the wholesale price, while competition among retailers would ensure that final consumers benefit from low prices and high-quality service.” Naturally this being a cut and paste from a first-year neo-classical economics text book, was doomed to failure. But, rather than rethink the fundamentals, the EU energy technocrats thought it would be a sterling idea to use as much “renewable’ energy as possible. When the Russian crisis struck, this sector failed utterly to meet demand, as has been seen across the world, such as in California recently. Europeans now face a deep, dark winter, with the prospects of freezing to death. All for globalist ideology; and the political class still continue to double down on this.