The Fed Is Behind the Capital One/Discover Merger

Re:The Fed Is Behind the Capital One/Discover Merger by akira2501 on Friday February 23, 2024 @09:39PM (#39488635)

So why would any utility take that offer? Do you have an example of such a contract between state and private company that you find these terms? I'd like to take a look at the bidding process.

If the government is corrupt or corruptible (and which aren't?) then "service everyone" isn't as objective as it seems.

Meanwhile you can just force all the collective carriers to post their prices and their profits publicly or threaten them with complete loss of license to operate. This has been effective in the past and allows for a more open system with many competitors rather than a state selected contractor.

[ Parent | on HN ]

Re:The Fed Is Behind the Capital One/Discover Merger by PH95VuimJjqBqy on Monday February 26, 2024 @08:04AM (#39510830)

This is one of those cases where you don't know what you're talking about and you should stop speaking as if you're an authority here.

I love how you throw in bidding as if we're not talking about the government giving a monopoly in exchange for guarantees (it's considered a public good). This exchange of guarantees has made energy one of the most stable long term investments in a way that other investments just aren't. Gee, why would anyone take that deal?

Go educate yourself.

And go read up on Chesterton's Fence.

[ Parent | on HN ]