Quote:
Originally Posted by Dottore
Efficient market?
Go to business school and study the insurance industry. If there is a less efficient market - I'm not sure what it is.
In my neck of the woods they have privatized power, public transport and telephones. All are are now inefficient and expensive - when the used to be efficient and cheap.
Watch CNN for an hour. Then switch to BBC for an hour. Then tell me about the virtues of privatization.
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This is consistent with my observations as well.
Chris, I get it. Pure competition, as a model. Sure, that's pretty basic. And yes, it makes those industries a poor comparison with each other. My comparison wasn't between industries. You won't get a lot of sympathy here or anywhere else, defending the cell phone or insurance industries.
I'm curious as to what complaints someone might have of their electric power vendor. It would seem to me that if power is continuously provided without interruption, then there would be nothing to complain about except price. Talk about a commodity. Even water can be differentiated. Try convincing someone that your power is better than the next power company.
Oh and by the way, while I agree with you that buildings are hard-wired to the grid and it all comes from the generation facilities through the same transmission lines, be aware that in your lifetime there will be privatization of this industry, and you will have a choice of power companies. I know, I know. It makes no sense. But that's the agenda. The reason? Guess.