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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (21879)7/31/2002 4:29:21 AM
From: Raymond Duray  Read Replies (2) of 74559
 
Maurice,

You lost me in the convolutions of your discussion of your local utility, but this part of it came through loud and clear:

"The whole shambles was a pathetic attempt at 'privatisation' which has been a total shambles and waste of money and windfall ripoff for management and a few lucky customers. It would have been better to just leave the whole lot in public ownership."

Of course, when the privateers used their shambalic mantra "free markets" and then used plenty of bribes to buy off the politicians, the results have been horrendous world-wide. Australia just suffered 400% wholesale electrical rate robbery by the same band of thieves who raped California and the Maharastra State in India, not to mention the poor rioters in the Dominican Republic who were protesting outrageous "free market" improvements to their rates for basic services. And did I mention the theft down in Bolivia, or Nigeria? This "free market" sickness is pretty much a world-wide cancer.

Fortunately, it is much like a fatal cancer. Enron is proving that "free markets" need to be killed before they metastasize into something really ugly. The energy markets can be saved, I believe. But only once the world clearly understands that "free market" and "de-regulation" are code words for indecent greed, corporate deceit and immoral scheming.
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