> It's frustrating to hear about the "failure of deregulation" when the
> failure was not in markets but in political intervention (apart from
> the above, that includes refusing to allow construction of more power
Reason Magazin has a couple of articles highlighting all the non-market
aspects of the so-called deregulation.
Prices caps for consumers; futures contracts illegal; buying and selling
only allowed in the gov'ts markets, in which the highest price paid all day
is charged for all contracts that day; no new construction; new producers
of power required to pay a fee equal to the amount current sellers are
allowed to write off; current major utilities required to divest
production. Which part of this plan sounds like deregulation?
--- Chris Hibbert It is easy to turn an aquarium into fish soup, but email@example.com not so easy to turn fish soup back into an aquarium. -- Lech Walesa on reverting to a market economy. http://discuss.foresight.org/~hibbert/home.html
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