Due to an unfortunate wakefulness, I was up in the dead of night here, and got to watch Theresa May (P.M. U.K.) give a speech in Manchester. I think it was to her party members, but didn’t care enough to find out who the audience was.
Most of it was clearly a Ra-Ra-Speech about British Conservatives… who sound a whole lot like USA Progressives. Lots of “Free stuff!!!” for everyone. But seasoned with some admiration of private enterprise, sort of.
What most interested me, though, were two topics. First, her full support of Global Britain and the repeated advocacy for “Free and Open Markets” at many points in her speech. Markets good. Got it.
Toward the end May addressed outrageously high “energy bills”. The proposed solution? Price caps.
Now I’m constantly amazed by the human capacity to believe two antagonistic things at the same time. I have trouble doing it, but others seem to glory in it. Upper Management, in particular, seems unclear on the concept of “Fast, Good, Cheap. Pick any TWO.” So it ought not to be a surprise that T. May is just as good at it.
Early in the speech, there is a one-liner about things Britain needs to address. Included in the list was “Climate Change”. Going to be a global leader in it, eh? Well, all that loverly wind and solar is what is causing your energy bills to skyrocket. See the conflict? No? Sigh…
Then after many many praises of “Free and Open Markets”, we get the solution being “Price Caps”. Well, you can have a “Free and Open Market”, or you can have price controls, but you can’t have both at the same time. See the conflict? No? Sigh…
OK, I know it’s a political speech and you make sure every Hot Button Group is told their Hobbyhorse Matters and they will get what the want. But really? It’s like saying all cars will be electric AND you are expanding gas stations across the country. Or that you will shut down 100 GW of generation AND add 200 GW of eCar charging load. It just screams Stoopid.
Hopefully someone will ‘splain it to the UK Government. Cake, eating it, not keeping it.