Tiptoeing around the Anglo Disease | 43 comments (43 topical, 0 editorial, 0 hidden)

Re: Tiptoeing around the Anglo Disease (none / 1)

National regulation can tax cross-border capital flows. Supranational regulation may have to be agreed along the lines of Keynes' International Clearing Union (updated for the 21st century) if things get much worse. And self-regulations simply doesn't work.

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Sat Jan 26th, 2008 at 08:39:40 AM EST
[ Parent ]

Re: Tiptoeing around the Anglo Disease (none / 0)

self-regulations simply doesn't work

Not the way it's been tried.

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

by ChrisCook (cojockathotmaildotcom) on Sat Jan 26th, 2008 at 09:06:19 AM EST
[ Parent ]

Re: Tiptoeing around the Anglo Disease (none / 1)

You might as well say that deregulation/unbundling of energy markets hasn't worked the way it's been tried.

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Sat Jan 26th, 2008 at 10:50:47 AM EST
[ Parent ]

Re: Tiptoeing around the Anglo Disease (4.00 / 2)

Never mind, "I might as well": I do!

There has never been such a complete bollocks as the UK electricity market.

But then it is designed to extract the maximum short term profit for shareholders, because their agents are essentially the ones who designed it.

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

by ChrisCook (cojockathotmaildotcom) on Sat Jan 26th, 2008 at 11:46:50 AM EST
[ Parent ]

Re: Tiptoeing around the Anglo Disease (4.00 / 2)

And the Californian market (Enron, anyone?).

The point is that deregulation and unbundling is only advocated by those who stand to profit from destroying a working system. It is wasn't for them nobody would have thought of doing it, therefore it doesn't work irrespective of how it's done, because those who might "do it well" won't do it in the first place.

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Sat Jan 26th, 2008 at 11:48:34 AM EST
[ Parent ]

Tiptoeing around the Anglo Disease | 43 comments (43 topical, 0 editorial, 0 hidden)

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