Re:Clearing price for supplying power to Texas grid –$31.65
by pasquinelli on Sunday February 21, 2021 @10:16AM
(#26214024)
"But I would suggest that free markets generally create good outcomes, and when we identify bad outcomes we should correct the rules of the market."
the big players in a market are the ones who "correct the rules of the market", or in other words regulatory capture. so go ahead and identify bad outcomes and solve the problem with new regulation proposals until you're blue in the face, without power it's just people posting online. as long as actual regulatory power is concentrated in a few people, the regulatory capture is easy, and any discussion about it is a pastime.
the big players in a market are the ones who "correct the rules of the market", or in other words regulatory capture. so go ahead and identify bad outcomes and solve the problem with new regulation proposals until you're blue in the face, without power it's just people posting online. as long as actual regulatory power is concentrated in a few people, the regulatory capture is easy, and any discussion about it is a pastime.