General Discussion
In reply to the discussion: Just a question. If energy production in the US was nationalized, what would a gallon of gas cost? [View all]TreasonousBastard
(43,049 posts)The first problem is that humans are running either scenario and are perfectly likely to fuck ot up.
Private industry is known to be profit driven and excessively competitive, not always benefitting the customer.
Public entities are often subject to demands of the public with financial and other limitations that encourage corruption.
Beyond that is the continuing pressure to privatise public institutions when access to technology and funding is an issue.
NY power authority and the TVA anded up largely privatised, and Elizabeth, NJ sold its waterworks for a quick cash infusion. Similar examples can be found all over, as can comparisons to how well Detroit ran its waterworks.
Perhaps the best American solution is to have largely private utlities highly regulated. Of all the bad systems, that seems to work best (as long as you keep an eye on the regulators).