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Yet another lesson of why natural monopolies should be under government control.
by lenticular 8y ago
Yet another lesson of why natural monopolies should be under government control.
- debacle 8y agoUtility companies like PG&E are highly regulated. I worked at a company that serviced PG&E a while back and compliance made up a large part of our staff and were the first and last word on any business decisions.
- closeparen 8y agoHow would government control have prevented the fire?
- lenticular 8y agoPG&E by many reports has been negligent in maintenance. The taxpayers will ultimately bail them out, since they are essentially too big to fail.
- ams6110 8y agoSo instead of PG&E shareholders taking the hit for negligence, the taxpayers will?
- antisthenes 8y agoThe taxpayers are going to take a hit regardless. Who do you think will be bailing out PG&E in the end? Or do you think they will just leave 16 million customers without electricity?