May 29, 2024

Politics Is No Solution to the Blackout – Rep Ron Paul

Unless and until government stops restricting supply and controlling prices, however, we can only expect the electric power system to remain vulnerable. It is precisely because electricity is so vitally important in our modern world that it should be delivered by the efficient free market, rather than the dismal bureaucratic sector. In this day and age, it is preposterous that we have problems delivering simple electric power where and when it is needed. The recent blackout cannot be blamed on technology or a lack of capital, and certainly not on a supposed market failure. The real problem – too much government regulation – is likely to be ignored as Congress rushes to engineer a wholesale federal takeover of the electricity industry.

Agreed. The problem is not deregulation, the problem is not enough deregulation. Why can’t the government not just let the free market system work?