Quote:
Originally posted by HarmlessRabbit
For example, as we have seen, power privatization has been a colossal failure in the USA, mostly due to the misguided idea that a "free market" can reign in an industry where a new power plant can take at least 10 years to build.
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I'd say just the opposite. Where the government trys to play with the power companies with price fixing (natural gas in the east) and extreme regulation (California) you have problems, in areas where competition is allowed to work, it works just fine and doesn't cost extra tax payer dollars.
Now thats just my feeling on it based on how well it works in my state (or lack there of) and why our utility monoply is having such troubles. On the plus side towns are starting to buy cheaper power from other states, long live the free market.
Since you think its such a horrible faliure, maybe you can give a few examples, and show were government control is better.