Re:Clearing price for supplying power to Texas grid –$31.65
by AtlasBarfed on Sunday February 21, 2021 @10:48AM
(#26214300)
My conclusion of modern "free markets", as you crank the iterations of the, uh, market simulation, will result in cartel or monopoly. That's what practically all markets have collapsed into if there is any degree of entry cost due to technology or infrastructure.
Also, I've noticed a HUGE drop in that term from the various GOP politicians that used to parrot that daily back in the 80s/90s). That leads me to consider their monetary overlords (I'm not suggesting the other side doesn't have them, just that the GOP is a bit more eager to directly funnel their sponsor messages) DON'T want free markets, because they all have won free markets.
Which is really a bad state of affairs.
I've also realized that money in politics is way up in the same period, and regulation to allow more money into politics has risen at the same time. Monopolies get more ROI on lobbying to help control their monopoly market positions, and keep antitrust at bay.
It's tough because free markets result in predatory pricing in times like this. Heavy regulation (especially these days, see above with money in politics) is highly resistant to change and not necessarily reflective of the common good or even "reality" or even physical laws.
Anyway, Texas is modern america: a rapidly failing government, and a rapidly failing economic system, all being undermined by steady shadowy corruption that doesn't become apparent until a sudden external stressor appears.
Also, I've noticed a HUGE drop in that term from the various GOP politicians that used to parrot that daily back in the 80s/90s). That leads me to consider their monetary overlords (I'm not suggesting the other side doesn't have them, just that the GOP is a bit more eager to directly funnel their sponsor messages) DON'T want free markets, because they all have won free markets.
Which is really a bad state of affairs.
I've also realized that money in politics is way up in the same period, and regulation to allow more money into politics has risen at the same time. Monopolies get more ROI on lobbying to help control their monopoly market positions, and keep antitrust at bay.
It's tough because free markets result in predatory pricing in times like this. Heavy regulation (especially these days, see above with money in politics) is highly resistant to change and not necessarily reflective of the common good or even "reality" or even physical laws.
Anyway, Texas is modern america: a rapidly failing government, and a rapidly failing economic system, all being undermined by steady shadowy corruption that doesn't become apparent until a sudden external stressor appears.