Earlier quoted context omitted.
Government owned, government built, government run regional monopoly electricity generators in North America are already the absolute cheapest dollars per kilowatt hour in the continent. It's not communism. I am referring to hydro quebec, and to the hydroelectric dams in central Washington State. Would you claim that if we had let the free market build those hydroelectric dams using private capital instead, that we w…
I would claim that, yes, private capital would generate power more cheaply with those dams, but that isn't the only reason those dams are there. They serve several alternative functions (ie preventing flooding, keeping lakes full) that a free marketeer would not do. However, dams are cheap enough for power generation that even with government inefficiency involved in their construction and operation, the power is so…
Same with Ontario vs Manitoba or Quebec car insurance etc. Some things just suck when they're privatized - they focus on short term gain and end up with lousy infra and long term preparedness. I think HN has a pretty solid consensus on private telecom monopolies vs municipal fiber as well.
Back to topic, I thought most of usa private power monopolies are basically in dire straits from infra upkeep and maintenance and grid - there's a lot of bright knowledgeable folks on HN so I would genuinely appreciate comment if I'm way off base in my ignorant ways.