
Economist posts graph, blames rich people, sells newsletter
A Twitter/X post by economist Isabella M Weber discussing fossil fuel stock surges during geopolitical conflict, paired with a chart showing MSCI stock indices for energy sectors and a promotional snippet from 'The Counterbalance' newsletter. The post argues that wealthy energy investors benefit while ordinary consumers face inflation, framing it as a crisis of monopoly power.
Extracted text:
Isabella M Weber @IsabellaMWeber
Fossil fuel stocks are exploding in response to [text cut off]
Who stands to benefit? The richest of the rich. Who stands to lose? All of us who have to pay higher prices and a new round of sellers' inflation.
MSCI Stock Indices:
— World Energy (fossil fuels)
— Global Alternative Energy (renewable energy)
Disaster profits: Monopoly power and a cost of living crisis in the wake of conflict
Hello and welcome to the latest edition of The Counterbalance. This week, we're taking a look at the Middle East crisis and what it could mean for the consumer economy.
The Counterbalance
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