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Public utility companies were operating very inefficiently at the time, the motives behind privation obviously had a political element but there was some good i
by dazc 3y ago
Public utility companies were operating very inefficiently at the time, the motives behind privation obviously had a political element but there was some good intention behind it.
In hindsight, much stricter regulation regarding reinvestment of profits would have been a good idea.
- xmcqdpt2 3y agoThe thing is, by the time you have made the regulation strict enough to avoid any and all tricks Goldman-Sachs and friends can come up with, you've basically nationalized the companies.