[lbo-talk] Missing the Marx

Charles Brown cbrown at michiganlegal.org
Mon Jan 3 10:07:27 PST 2005


Jordan Hayes:

Is it just me, or is "health insurance" a misnomer?

As for utilties, I think we actually need _more_ markets; the great hope for electricity, for instance, is that (because it's a wasting asset: it's very difficult to 'store' electricity) you can convince buyers to take advantage of off-peak pricing in a useful way. The Enron lesson is that the WHOLE market doesn't have to go nuts to make this happen. Cheaper prices at off-peak should encourage changes in usage by big commercial customers, but not at the expense of freezing grandmas.

^^^^^^

CB: Is it just me, or does what you are saying sound more like planning than a market ?



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