Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: Orcastraiter who wrote (11297)	8/5/2004 6:55:58 PM
From: TimF	Read Replies (1) of 90947

And privatization and deregulation of our utilities like water and electricity has led to huge speculative price bubbles that have bankrupted many utilities as they tried to pay the back room brokered prices of "free market" electricity. Companies like Enron simply raided public and private utilities alike.. CA didn't deregulate electricity and many of the other "dergeulations" didn't deregulate anything. Instead they change all the regulations around but still have governments deciding how things should be done. You don't get the advantages of a real free market, or even the advantage of a regulatory scheme that everyone is used to and understands. In CAs case they deregulated wholesale prices and left retail price regulated. Also utilities weren't allowed to forge long-term contracts with producers to buy electricity . They had to buy on a short-term "spot market". Such a mish mash of new regulation can often be worse then either real deregulation or a traditional regulatory scheme. Tim

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