Quote:
Originally Posted by jfman
Buy the suppliers and develop the means of production in the national interest. Prices stay high if you buy intermediate actors and simply play the market game at an international level.
We need to do the things the private sector won’t do - actually satisfy demand removing the price premiums. Wind farms, nuclear reactors, you name it.
The problem for the Tories is if the public see this as the way forward for energy what next? Water? Exorbitant costs to have hundreds of thousands of human waste released into rivers and the sea? Telecommunications? Railways?
None of these sectors are genuinely competitive marketplaces as understood in economic theory. Nobody can enter these markets easily without significant investment. Meaning incumbents can continue to price gouge end users.
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This and only this. The national infrastructure is not a fit for free market dogma how ever much the zealots will claim. Square peg in round hole. I am surprised that it has taken so long to get this on the national agenda. Trying to to argue how the energy free market sector can work is like arguing how many angels can fir on the head of a pin. There is no point.
Nationalise the sector. Employ the best management, paid at fair free market rates and invest for the long term. It is not rocket science.