4 ms·

If this is the best that the private sector can do, it seems like it is probably time to let the public sector take over.

• Ottolay 7y ago
  The liability risk from the fires is so high nobody is going to want to invest money in PG&E to fully clear all the fire prone lines. Also significantly raising prices is usually not allowed. Instead the existing share holders just try to bleed out whatever money they can. When the free market does not work for a necessary public service it should be time for the government to take over.
  • amanaplanacanal 7y ago
    When they are not allowed to raise prices, you can hardly call it a free market.
• randyrand 7y ago
  Why would the public sector do better?
  • ncmncm 7y ago
    Public power -- public utility districts -- very often do better. Sacramento gets power from one, SMUD.
  • kayfox 7y ago
    Because they exempt themselves from liability.