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True, but conversely if they don't do their job well, the utilities can kill people. Or if they werent price-regulated, they could charge whatever they wanted,
by cm277 3y ago
True, but conversely if they don't do their job well, the utilities can kill people. Or if they werent price-regulated, they could charge whatever they wanted, hurting both life and the economy.
I get the trillion-dollar caps; what I don't get is why aren't mere cento-billion market caps enough, why can't we have regulation and lower prices and as-good services with less exploitation of the commons.
- robertlagrant 3y agoWhat does "enough" mean in this context? A cap is just the total number of shares multiplied by the price of the last-traded share. Do you want to limit the maximum price a share may be sold for? What does that do for anyone?