At every political pitstop in Let , the problem of securing electricity and energy resurfaces
(13 month stalemate + economic situation + pandemic making things as bad as I pointed out in the start)
It has come close to getting resolved but every time obstacles arise so it doesn’t t get resolved and is in fact set back years or even decades
Biggest source of financial waste of forex in central bank
Years of corruption and incompetence have made the energy sector to what it is today
For the most part it was done to ensure profits for those who own the largest private generators in Lebanon (to illegally replace publicly provided electricity) and to prevent certain ppl to appear as saviours where others have “failed”. This is all overshadowed by the role of US in the energy crisis of Leb, in fact the above two factors are a product of US influence. Firstly, Capitalism puts profits first (not caring about environmental or social consequences) and exploitation of resources esp those belonging to weak countries. Capitalism being the ruling economic system for most of the world explains why we are still so heavily reliant on non-renewable energy sources despite their impact on the environment. Control comes from wars but not always military warfare, indeed economic warfare is utilised more nowadays.
Economic subjugation most notably happens through international organisations such as the IMF and the world bank. War is waged against countries that have natural resources such as Iraq, Iraq, Venezuela and Bolivia. They are suffering from electricity crisis despite their resources. Lebanon happen to be one of these countries. In addition to this the zionist entity makes sure to have leverage over countries in the region which is why in wars it always attacks energy sector (production plants, fuel tanks e.t.c) with the support and patronage of Americans and their “assets” in Lebanon. The role of US in July 2006 aggression was exposed by WikiLeaks.
Donor organzitions (like IMF) make sure to have conditions on countries whose economies may be considered “destructive” by the ones running IMF
Budget deficit
Designed to become dependent on loan providers in perpetuity
In the words of Micheal Hudson a wall street analyst “If its been happening for decades and with different countries it’s not a bug it’s a FEATURE”