Decades or centuries after a successful or unsuccessful innovation, an evaluation of the reasons and circumstances of a temporary or permanent failure is informative. In the energy sector we observe another round of a power play in 2026. The more decentralized energy production and energy consumption models have been quickly put aside shortly after the oil crises of 1973 and 1979. The innovations using wind energy or solar energy of the 1980s have been discarded and were commonly considered as failures to provide cheap and reliable energy. An open international economy with expanding global markets for energy were perceived as a superior conventional solution. A country’s balance sheet of imports of energy and exports of higher value goods and services was the predominant economic rational and standard knowledge of the mainstream theory of trade. Other solutions, like a distributed “prosumer” model of energy might have ecological benefits, but would not show up in national GDP-statistics as a large part is home-produced energy and not accounted for in statistical measures of GDP, just like the home produced meals, health and care provided by mostly women. Societies, however, have a choice and an obligation to evaluate the interests in failures as economic and social development hinges on it in the medium to long run.
