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The base turns off the superstructure - the Lebanese state company cuts off electricity to offices due to debts The economic reality of the Middle East provides a standard example of how the laws of the circulation of goods and money are superior to the state apparatus. Lebanon's state energy company, Electricity of Lebanon, has begun cutting off electricity to offices and municipalities that have accumulated debts of millions for electricity. Sanctions were imposed on facilities of the Ministry of Public Works and the water supply companies. An exception was made for hospitals, and Beirut airport narrowly avoided a shutdown by quickly agreeing to a payment plan.

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Глобальная экономика в XXI веке · · Source

🇱🇧 Lebanon · ביירות · Map

The base turns off the superstructure - the Lebanese state company cuts off electricity to offices due to debts The economic reality of the Middle East provides a standard example of how the laws of the circulation of goods and money are superior to the state apparatus. Lebanon's state energy company, Electricity of Lebanon, has begun cutting off electricity to offices and municipalities that have accumulated debts of millions for electricity. Sanctions were imposed on facilities of the Ministry of Public Works and the water supply companies. An exception was made for hospitals, and Beirut airport narrowly avoided a shutdown by quickly agreeing to a payment plan.

The deep reason for what is happening lies in the fundamental contradiction of the capitalist economy. Even as a state-owned energy company, it functions as a market entity, forced to buy fuel on the world market for hard currency. When the empty state treasury stops paying the bills, the commercial calculation of the venture collides with the interests of the officials. With this method, even state institutions are deprived of resources if they are financially insolvent, because the laws of the market do not know class or departmental solidarity. The paradox of the situation is that the centralized grid used to provide electricity for only a few hours a day. The bulk of energy distribution has long been transferred to private owners of diesel generators. In an attempt to save their balance sheets by shutting down the state apparatus, the technocrats are only stating the obvious - the real power in a crisis economy belongs to those who own the means of production.

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