The billionaires bash

THERE is nothing quite like a punch-up among the billionaires. That is exactly what we have going on these days with the whole ‘capacity payments to Independent Power Producers’ (IPPs) issue. If you’re confused about what exactly is going on and trying to figure out who is right in all of this, let me help you with one simple line: this has nothing to do with you. Relax. Here is what’s happening: a fight has broken out between the textile lobby and the power generation companies of this country. Both sides are large controllers of capital. Both have access to organised lobbying bodies. Both command clout with the government. But one can influence the narrative as it plays out on TV much better than the other because people are already crushed under electricity bills and are preparing to experience another hike when bills for July are delivered in a couple of weeks.