Quote:
Originally Posted by CaramonLS
Anytime you have an essential service with very limited competition (ex. due to extremely high infrastructure costs), the government needs to keep a watchful eye on the service to make sure people aren't being taken advantage of.
We've seen it with Car insurance (in Alberta) and telecommunications (across Canada).
This is one of the reasons that Slappy's anarcho-capitalism theory couldn't function in a practical setting.
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Actually, a large portion of the industry is still regulated. Transmission and distribution of both electricity and natural gas is regulated. That's where the majority of infrastructure is. And it will stay this way.
The problem California had was that they deregulated their whole industry. So there were power companies that started to build their own power lines and it completely messed with the grid, causing brownouts and blackouts. We won't see that here.