European Tribune

Display:
market transparency and liquidity becomes essential, and anti-competitive behavior by traders or others must be fought. But that's pretty hard to do against determined cheaters;

Meaning you have to be very, very heavy handed with people who have a lot of money and influence, which is a recipe for corruption and influence disasters in a liberal democracy.

If heavy handed need be, rather be heavy handed with the real task at hand, producing and managing energy.

I'm not a socialist by any mean and I believe than markets work ... most of the time. But for certain things, it doesn't - exhibit A is health care insurance (as opposed to supplying health care itself, where a large private sector can be accomodated as proven by France). IMHO, energy is exhibit B.

Facts, selfish little bastards. They don't even care about your feelings.
by Francois in Paris on Tue Mar 14th, 2006 at 12:26:18 PM EST
[ Parent ]
based on a number of years in the energy markets, I'd say they mostly work to satisfy the needs of the strongest players.  Consumers are disorganized and therefore terribly weak.
by HiD on Tue Mar 14th, 2006 at 06:43:58 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Recommended Diaries
After Democracy
by marco - Dec 3
32 comments

Not quite the 'perfect fix'?
by djhabakkuk - Dec 3
2 comments

Bugger Thy Neighbour
by redstar - Dec 3
104 comments

Google Translate political bias?
by DoDo - Dec 3
6 comments

Beggar Thy Neighbour
by redstar - Dec 3
58 comments

Friedmanite Folly and the Mugabe Option
by ChrisCook - Dec 2
42 comments

On Rhetoric
by rg - Dec 3
14 comments

Obama commits to Middle East peace
by shergald - Dec 2
5 comments

Recent Diaries
Debates
Campaigns
Occasional Series