• RION [she/her]
    link
    fedilink
    English
    512 years ago

    Price setting by an unaccountable private entity with every incentive to keep prices high

    vs.

    Price setting by a slightly less unaccountable public entity with every incentive to keep prices low

    Which way, American boomer?

      • RION [she/her]
        link
        fedilink
        English
        182 years ago

        side-eye-1 listen jack, the market is the most efficient method of distributing resources

    • BodyBySisyphus [he/him]
      link
      fedilink
      English
      182 years ago

      with every incentive to keep prices low

      I don’t know about that - regulatory capture is a problem. Public services commissions that are responsible for regulating private energy companies tend to have a strong reputation of rubber stamping rate hikes.