3 ms·
It sounds like a free market working as expected. Maybe something important like this needs regulation to prevent optimization based on only one parameter ($).
by mortenlarsen 4y ago
It sounds like a free market working as expected. Maybe something important like this needs regulation to prevent optimization based on only one parameter ($).
- ravel-bar-foo 4y agoIn a functional free market customers who need reliable electricity would specifically pay for the reliability or guaranteed capacity.
- mortenlarsen 4y agoOnly if they are being told the truth. A functional free market requires symmetrical information (ie. both seller and buyer has the same information about the product). It is just a theoretical thing. But you can get closer to that ideal with regulation and strong buyer protections.
- djbebs 4y agoNo, it does not.