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A comment on The lessons from America’s astonishing economic record. Parent comment

Re:The lessons from America’s astonishing economic record by AnimalMuppet on Sunday April 16, 2023 @03:03PM (#35593224)
No... but having them spend two decades failing slowly isn't the answer, either.

I agree that utilities are a special case. The main point is that you don't want them to fail at all, ever. If they do fail, well, there aren't any good ways for that to happen.

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Re:The lessons from America’s astonishing economic record by brookst on Sunday April 16, 2023 @03:57PM (#35593735)
Agree. I think there's a distinction between infrastructure that must be reliable, and first-order commercial enterprises that must be agile and risky.

Banks are squarely on the infrastructure side. They're a foundation that people rely on to do the really interesting stuff, and as such should be 1) low risk, and therefore 2) not profit-maximizing.

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Re:The lessons from America’s astonishing economic record by 1123581321 on Monday April 17, 2023 @12:59AM (#35597000)
We could let utilities fail if we had a special receivership and continuity process for infrastructure. Think FDIC takeover teams.
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