Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Art Bechhoefer who wrote (102183)	5/15/2001 8:05:50 AM
From: flatsville	Read Replies (3) of 436258

>>>...which argued that where no real free market exists, a regulated firm has a greater likelihood of outperforming an unregulated firm because regulation forces a company to take a longer term view of return on investment. Regulation is essential whenever there is no free market or only an imperfect free market.<<< The best our electricity free marketeers here on the board can offer us: In a real free market, more likely than not electricity would be generated and supplied by regionally-situated vertically-integrated monopolies, just as it was in the early days - and rural areas would be supplied by cooperatives, just as it was in the early days. Prices would no doubt be higher. A return to the bad old days of unregulated defacto monopolies. Brilliant. As though the abuses, accidents and reliability of service issues of the past would not reappear? They fail to recognize what gave rise to regulation in the first place. Yep, one giant leap backwards is what we need here. Everyone into the abysss in the name of "Free Markets!"

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