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

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To: Knighty Tin who wrote (257427)	8/24/2003 6:03:07 PM
From: yard_man	Read Replies (3) of 436258

>>Richard Salsman wants more utility deregulation because we haven't suffered enough already. Richard, Richard. Important things like electricity, water, defense, etc. have to be socialized<< it is interesting that some folks are calling for MORE de-regulation because of an outage. The old regulated system really wasn't so bad -- were the utilities guaranteed a return on their capital?? yeah. was that bad?? Yeah it was a bad deal in some ways, but maybe not so bad as the alternative that we got under recent de-regulation -- or the other alternative of outright government ownership. Look at all the economic capital wasted by these energy marketers ... why the banks threw barrels full of money at them and continued to throw money at them, even after they had already blown themselves up, still makes me wonder. Guess de-regulation -- like most re-regulation just amounted to a massive wealth transfer FROM the public ...

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