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The best way for ensuring security of supply and affordable energy prices is to have a competitive internal EU energy market.

I suppose that this is dogma and all at the EU Energy Commission would laugh at any requests to provide evidence. Having basic services, upon whose proper functioning life itself depends, provided through an environment maximizing competition, seems obviously to lead to a chaotic system characterized by moving failures as firms loose their competitive edge and go bankrupt. But then I am not a trained economist.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Feb 3rd, 2012 at 08:12:28 PM EST
In my view, markets are the best way to allocate resources, but only markets where producers connect directly with consumers.

The presence of intermediaries in markets completely fucks them up, to use a technical term.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sat Feb 4th, 2012 at 06:30:13 AM EST
[ Parent ]
ChrisCook:
The presence of intermediaries in markets completely fucks them up, to use a technical term.

yup, and then the kiss of death... when the bets start on events.

look at sports, how many thrown games!

there's your precious 'market forces' aka invisible hand, the collective power to distort reality by the pressure of waves of wild hunches and greed-crazed schemes.

"We can all be prosperous but we can't all be rich." Ian Welsh

by melo (melometa4(at)gmail.com) on Sat Feb 4th, 2012 at 06:56:00 AM EST
[ Parent ]
Hang on, melo, there have been bets on events as long as there have been events.

And of course, events have from time to time been rigged as a result.

My point is in relation to the allocation of resources: nothing more, and nothing less.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sat Feb 4th, 2012 at 07:18:44 AM EST
[ Parent ]
i wasn't intending to mean that was what you said, Chris.

your comment just triggered mine, s'all.

orthogonal... it's (rarely?) the creators/producers or the purchasers who game systems.

it starts with the intermediaries, which then become amenable to betting forces, which if they remained a commentary would be just dubious, but when they start to push events things are f'ed up bigtime. where would the the betters access the chain of events if not through the said intermediaries?

please tell me i'm full of it if that's the case. it just appears that way to me, ignorant wally that i am :)

"We can all be prosperous but we can't all be rich." Ian Welsh

by melo (melometa4(at)gmail.com) on Sat Feb 4th, 2012 at 08:06:58 AM EST
[ Parent ]
And the oil and gas markets are a labyrinth of intermediaries.
by rifek on Tue Feb 14th, 2012 at 12:24:52 AM EST
[ Parent ]

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