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It’s a capitalist run power grid in CA. It’s a publicly traded company. Nothing more capitalist than making my own power when the competition sucks ass.
by bradlys 1y ago
It’s a capitalist run power grid in CA. It’s a publicly traded company. Nothing more capitalist than making my own power when the competition sucks ass.
- potato3732842 1y agoIf you think power infrastructure and supplying the electrons that jiggle on it are any sort of example of free market capitalism I have a bridge to sell you.
- bradlys 1y agoIt's a publicly traded company. Feel free to do your research.
- hunterpayne 1y agoPG&E is a public utility. Everything they do down to department budgets are decided by state regulators. I imagine almost everyone on this board already knew that PG&E was a publicly traded company. But just because they are a publicly traded company, that doesn't mean that they get to do anything they want. It just means their stock can be bought and sold by others, in the case of PG&E its mostly owned by public sector union pension funds. So it is a quasi-public utility owned by government workers in a highly regulated market. The idea its some sort of paragon of capitalism is absurd. Just about anything they do can be traced back to a decision made by an appointed state government body.