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Congratulations to our presumptive Democratic nominee, Joe Biden!
Democratic Primaries
In reply to the discussion: Bernie Sanders in the 1970s urged nationalization of most major industries [View all]Farmer-Rick
(11,060 posts)7. Why not?
In the US about 90% of our electrictity infrastructure was built by tax dollars. Selling off that infrastructure for pennies on the dollar to corporate interests didn't really start for earnest until 1996. In fact 20% of the electricty provided to citizens today is still provided by government entities.
So, taking back a poorly managed electric company is not unheard of. And not compensating a bunch of rich investors who ran their regional monopoly into the ground or should have known it was being mismanaged is called just desserts. They can take it to court if they think their incompetence should be rewarded.
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
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Bernie Sanders in the 1970s urged nationalization of most major industries [View all]
RandySF
Mar 2019
OP
Today's episode is brought to you by the letters "C" and "S" and by the number 2020...
brooklynite
Mar 2019
#15
So, if a corrupted and incompetent corporation runs a local monopoly into the ground.
Farmer-Rick
Mar 2019
#21
Well, he wasn't advocating nationalization because the utility corporations were doing great.
Farmer-Rick
Mar 2019
#28
I am not opposed to looking at nationalizing utilities that are natural monopolies.
DemocratSinceBirth
Mar 2019
#8
I am a firm believer in markets except where natural monopolies exist.
DemocratSinceBirth
Mar 2019
#39
I'm not either, especially after what happened to Enron and ONCOR/Energy Futureds
Vogon_Glory
Mar 2019
#30