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> Private markets will tend to favor the most likely winners, leaving govt to support the outsider I don't really agree, private market favors tend to favor n
by realusername 3y ago
> Private markets will tend to favor the most likely winners, leaving govt to support the outsider
I don't really agree, private market favors tend to favor not the winners but the most profitable part of the grid and let the state or other people manage with the rest.
Electricity is one of the worst place to get private markets, it's hard to divide (natural monopoly), critically need 100% uptime regardless of the costs and the only reason we're even switching generation tech at all is because of bad externalities which private market are also bad at. Then there's also the diplomatic angle, we can't depend from Russia or China from our energy either, regardless if it's cheaper or not.
Sure there's other issues with the public model of electricity but at least it can work if done well whereas I'm betting on a 100% failure rate with a private one, like we're heading right now since we opened up the markets in the EU (and elsewhere)