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Politics : Electoral College 2000 - Ahead of the Curve
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To: Raymond Duray who wrote (6251)12/14/2000 2:58:15 PM
From: chomolungma  Read Replies (2) of 6710
 
If you think raw capitalism has a future, you are sadly mistaken.

Raw capitalism is infinitely preferable to half-baked socialism.

Barb, whenever there is a supply/demand imbalance in the crude oil market of 1% of equilibrium, we get a 50% swing in price.

Econ. 101. "Prices are determined at the margin."

For you to say that government is to blame for the gouging, grasping rapacious attitude of the speculators who are driving the California energy market with rumor, innuendo and deviousness is beyond ludicrous.

There is certainly a measure of wild speculation driving the market here, but the root cause of the price rise is years of over-regulation that has hampered the addition of capacity. Band-aid solutions won't be long lasting. Condemnation of the free-market is grossly misplaced.
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