Continuing To Give Republicans And Libertarians Exactly What They Want


This is the free market working exactly perfectly. Right? If power company customers wanted to not have their power go out and stay out for days at a time, they would have taken their business elsewhere to another power company that charged higher rates and used those higher fees to pay for more robust systems. Right?

And all these power company customers chose to live in houses supplied by overhead wires. This was priced into the value of their homes, and if they wanted to avoid the possibility of downed wires, they would have paid more money to live in houses supplied by underground wires. Right?

Right!

Comments

  1. Phalacrocorax, z Třetího Světa says

    Likewise, if the air quality is too low due to unregulated industries, just ask another company to supply you a new atmosphere.

  2. thunk, impressionable yoot says

    And if people didn’t want power outages, they would have lived somewhere not affected by derechos!!

    Look how smart I am!

  3. kraut says

    “Your inhumanity knows no limits, does it Proffessore OnePercent?”

    another one just being an idiot or not getting the sarcasm?

  4. says

    I don’t understand why you think this is the free market at work. Power companies are heavily regulated by Public Utilities Commissions. Every rate increase, and many such decisions all have to be approved, with the PUCs often scaling back what the power companies wanted to do.

    While it is true that there are, in some locations, supposed competition in supplying the electricity, the power grid itself is still a monopoly (per region) and, once again, under heavy government control.

  5. says

    Surely the electricity company are insured against this very sort of thing?

    They should have been patching emergency generators into substations as soon as it became obvious the damage was not going to be repairable within a reasonable timeframe.

  6. says

    Insured? It’s a regular part of doing business.

    Patching in emergency generators???? It’s not about generating the power; it’s about delivering it over the power grid.

    One of the problems for Chicago is that crews were sent east to help out there, and then Chicago got hit. (That’s a kind of “insurance”, with the different companies loaning out crews to where they are needed.)

  7. Chebag says

    “sarcasm”, kraut? Yes I understand that the monied elites like “Proffe” enjoy making fun of the poor, sick and elderly as they suffer in the heat without power. So what?

  8. Butch Pansy says

    There is money to pay stockholders dividends but not to make improvements in the infrastructure. Undergrounding vs. short-term profits: those damn customers, always complaining!

  9. sailor1031 says

    Well you can buy an emergency generator on the free market and have a free-market-ontrapronoor-electrician wire it into your service panel – it only costs about $10K (maybe less). All those cheap customers of the power companies!!!tsk, tsk!

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