max@maxmore.com said:
> 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
> plants).
Reason Magazin has a couple of articles highlighting all the non-market
aspects of the so-called deregulation.
http://reason.com/ml/ml010401.html
http://reason.com/sullum/010901.html
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
---
Chris Hibbert It is easy to turn an aquarium into fish soup, but
hibbert@netcom.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
This archive was generated by hypermail 2b30 : Mon May 28 2001 - 09:56:18 MDT