Current Events — HabitableZone

Current Events » in reply to re: "Deregulating industries.....can also lead to catastrophic failures like in the power industry."

re: Deregulating industries

Other states deregulated their electricity and did just fine. Calling the dog's breakfast of rules in California "deregulation" was the first mistake. Libertarians predicted it wouldn't work years ago.

And any idiot could have told you that deregulation at the production end while freezing consumer prices at artificially low levels was putting a penny in the market fuse box.

Deregulation is when the state steps back, and lets prices go wherever the hell they want, and does nothing to prevent new people from freely entering the market. If there are controls on either, it ain't deregulation.

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