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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Gordon A. Langston who wrote (443520)	8/15/2003 2:16:04 PM
From: DMaA	Read Replies (2) \| Respond to of 769670

Don't believe it. The duck speakers quacking "DEREGULATION DOESN'T WORK" does have an effect on the masses. EVERYONE knows by now that CA de-regulation was NOT de-regulation but something less

To: Gordon A. Langston who wrote (443520)	8/15/2003 2:17:22 PM
From: Kevin Rose	Respond to of 769670

Well, that is the issue. I contend that there is no deregulation that can truly produce an efficient market with amble competition. The fact that other 'deregulated' energy markets have not blown up is due to chance, and not the nature of the deregulation. Why? Because, as economic theory shows, market participants will act in their best interest. If their best interest includes not upgrading equipment, having unsatisfied customers, and occassionally manipulating supply to boost profits, they will (and have) done so. 'Deregulation' by definition says they can. So, you will never have a deregulated market. The convoluted California deregulation was an attempt to remedy this fatal flaw by articifially removing the flaw: ample competition. It restricted certain players, including PG&E and Edison, in a way that actually drove them from doing the right thing for customers. It enticed certain players, like Duke and others, from withholding supplies. It rewarded certain players, like Enron and others, for blatantly manipulating market prices. However, the fault was not with the California style of deregulation, but with deregulation of energy. To trust a corporation to do the right thing, with no oversight, leads to Enrons, Dukes, World Coms, etc. The whole premise that energy can be successfully deregulated is a farce put up by those in the Bush clan with an energy background. How many billions, and how many lights off, until we realize that?