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Politics : High Tolerance Plasticity
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To: cnyndwllr who wrote (3639)4/22/2001 6:15:31 PM
From: BCherry168  Read Replies (2) of 23153
 
Ed, a good, balanced response. Although I tend to agree with Whitepine, you do state the other side reasonably. One question is, when you say "In answer to Whitepine's pivotal question, a fair price will be a price that would allow energy companies to make a profit that would encourage the allocation of capital to the energy sector and reward investors for their risk. It would not be a price that would result in a shock to the economy with effects that far exceeded the benefits that might be realized by pumping that extra capital into the energy coffers. In other words, even though the tail might have the power to wag the dog, the government would not allow it." who do you intend to make the decision as to what amount of profit would induce people to take the investment risks associated with providing energy to people at a price they want to pay?

I think that is the question: Who decides? Some would have the government do this. That has resulted in California being in the shape it is in. Now California, having royally screwed it up, wants the rest of the country to bail them out. That leads to the next question: Why should we? And another: At what price?

Interesting discussion. Pretty much delineates the differences between free market capitalism and socialism.
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