4 ms·
It sounds like a good idea. Utilities are natural monopolies, and government is better at factoring in the societal cost of externalities than private owners a
by CharlesColeman 7y ago
It sounds like a good idea. Utilities are natural monopolies, and government is better at factoring in the societal cost of externalities than private owners are (who, at a minimum, may be inclined to gamble for more profit with the costs of legal liability given their limited liability).
- mindcrime 7y agolimited liability The correct solution, then, is to eliminate this "limited liability" concept. Public ownership is probably the one thing that would make an outfit like PG&E even more of a mess than it already is.
- pintxo 7y agoWithout the limitation of liability, there will only be one entity left willing to run the company: the public.