A miniseries from the New Economics Podcast which asks how have vitality crises formed our economic system and what do we have to do to shockproof our vitality system in an more and more unstable world?
The Strait of Hormuz. Sitting between Iran, Oman and the United Arab Emirates, the Strait is likely one of the world’s busiest transport channels. One fifth of all fossil fuels move by the Strait, which implies that when Iran threatened to assault tankers navigating it, they choked off the world’s provide. The opening of the Strait remains to be deeply unsure.
As we discover ourselves trying down the barrel of one other vitality disaster, this time brought on by the US and Israel’s assaults on Iran, we’re asking: How will this newest battle spill over into the worldwide economic system? What ought to Andy Burnham’s new authorities do about it? And might we ever get off this rollercoaster of vitality shocks?
Katrina Gaffney was joined by New Economics Basis economists Dr Alex Chapman and Jaya Sood, alongside author and educational Gareth Fearn.
Music by Maarten Schellekens, Free Music Archive: freemusicarchive.org/music/maarten-…ike-clockwork/ used beneath Artistic Commons licence: cre​ativecom​mons​.org/​l​i​c​e​n​s​e​s​/​b​y​— n​c​/4.0/.
