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>Because the 11% became 97% via the New Deal and government investment, not through market forces. That 11% wasn't a static state. Electrification was happeni
by dsfyu404ed 4y ago
>Because the 11% became 97% via the New Deal and government investment, not through market forces.
That 11% wasn't a static state. Electrification was happening, government or not.
The New Deal certainly sped it up but it takes a career politician level of dishonesty to take a government program that increased the rate of electrification and give said program credit all electrification after it's commencement.
- photochemsyn 4y agoI think it's fairer to say that there was a rural demand for electricity, but that privately owned electricity grids saw no profit in meeting that demand. Electric appliance manufacturers did want to sell their product to people in rural areas, and they realized that if government built out the electrical grid, they'd benefit from it as would rural electricity consumers. That's why FDR's Rural Electricification programs were widely popular. The only opponents were the electric power companies who realized they might lose their captive markets if the idea spread to the cities. Hence they started buying lots of politicians.