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In America we tend to put emphasis on allowing a free market to thrive with as little state involvement as feasible. It stems from the ideology that the free m
by godzillabrennus 8y ago
In America we tend to put emphasis on allowing a free market to thrive with as little state involvement as feasible. It stems from the ideology that the free market picks winners and losers better than a government. Americans often look at our own Government as having a reputation for being much worse than a big company. We tend to ascribe many of the same negative characteristics such as being slow, wasteful, and lacking accountability.
Therefore Americans tend to prefer that private companies are allowed operate a business for profit will produce a more desirable product/service for the market. When they fail a correction in the market should occur and the business should fail. A competitor should be allowed to fill the void.
- tokyodude 8y agoagreed that's what Americans tend to believe. Heck I mostly believe it. Of course the problem is they grant those businesses monopolies so then there is no competition
- matis140 8y agoPG&E is much worse than a private company. It is the weird result of heavy government regulation on the wrong most ant-competitive ways + lots of lobbying. PG&E is not subject to any free markets. Cali for example has 3 of these companies each serving certain regions. When there was completion in the power market you had multiple companies inside cities all providing different kinds of service (AC, DC, varying volts/amps) in crazy ways that would result in most of our modern electronics getting baked. The standards were good. It is however also difficult to have free market power when your cities heavily regulate who can put up utility lines and where so poles don't get too ugly or loaded. There are a lit of reasons what we have is worse than private or completely public.
- woah 8y agoGood thing PG&E makes every usb charger or god only knows what would happen to our phones