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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (37601)8/31/2003 7:19:19 AM
From: mcg404  Read Replies (3) of 74559
 
Mq:

< I started life as a government enthusiast, thinking it obvious that a single supplier, preferably publicly-owned, is the most efficient and orderly way to run a railroad and most businesses.>

While the elimination of redundancy might make a government-regulated utility more efficient than a free market alternative, isn't 'stability' a more important consideration? Are there not some human needs (power, food, water) where we might place more value on stable supply than ultimate efficiency? And therefore be willing to accept the bloat, waste, inefficiency of government regulation?

And how, in a free market system, do we make a peaking plant that might operate a few days a year a profitable proposition to a merchant power provider? (since he is going to be accused of gouging when he charges hundreds of times the base load rate)

John
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