Posted by noa on March 4, 2003, at 21:49:53
In reply to Re: Political Packaging and Electricity » jay, posted by Ritch on March 4, 2003, at 10:39:01
I agree--going too quickly into deregulatin without thinking through its pitfalls opened everything up to those scams. Not that dereg. is always bad, necessarily (although so far I am very skeptical about it for certain industries) but it changes what is vulnerable and unless we take the time and spend the necessary resources to be ready to deal with the new vulnerabilites, bad stuff is gonna happen. The Montana Power Co. is a good example of how dereg. can be a disaster, especialy hurting consumers and the honest shareholders of a company because dereg conditions made it too tempting for greedy officers to go wild to take care of themselves at the expense of many others and at the expense of the public good.
poster:noa
thread:205278
URL: http://www.dr-bob.org/babble/social/20030301/msgs/205964.html