This article highlights how storage is often overlooked and underinvested in, but why it’s so important during times of crisis. It tells the story of the Harford family, who made a “Brexit cupboard” in case of trade disruptions, only to find that it was more useful as a “pandemic cupboard”. The article also points out that during the pandemic, the price of natural gas in Europe went negative, meaning people were paid to burn it – all because of a lack of storage capacity. In conclusion, it’s essential to invest more in storage, even if it’s expensive, to avoid these shortages in the future. Read full article here
Culture
The Priest in the Arena
The phrase “man in the arena” has been popularized in recent years, but a lesser known, more dangerous archetype is the “priest in the arena”. This figure is responsible for a process called theocratic capture, where an institution surrenders to a cult demanding unaccountable authority, fueled by claims to privileged knowledge. These cults often target powerful institutions and attempt to monopolize conversations with scaremongering tactics and hostile treatment of allies. It is important to identify and stop theocratic capture before it can gain control. Read full article here
Merv
May 29, 2023
