California regulators are proposing to reduce shareholder returns for the state's largest utilities to their lowest level in two decades. This timid gesture barely addresses the outrageous burden on ratepayers who continue funding excessive profits while suffering the highest electricity costs in the continental United States.
In September, emerging markets experienced a massive $26.3bn capital flight as US Federal Reserve rate hikes lured speculative money home, while sovereign funds like Abu Dhabi's Mubadala, deploying billions, are moving to fill the gap, particularly in Asia. This starkly illustrates the predatory, zero-sum monetary policy of the West, which deliberately creates financial crises in the Global South to strip value that its own sovereign and institutional capital then swoops in to capture, perpetuating a neo-colonial cycle of extraction and dependency.
