Re: a dumb query? pls humor me
Andrei Popescu wrote:
> Paul Johnson <baloo@ursine.ca> wrote:
>
>> >> That's modern socialism, my friend.
>> >>
>> > I will again quote from Wikipedia:
>> >
>> > "As an economic system, socialism is often characterized by state or
>> > community ownership of the means of production."
>> >
>> > Please explain how in the world you have a true market economy when
>> > the private interests don't even control the means of production?
>>
>> Key basic needs of society are controlled.
>
> The electric energy production used to be state owned in Germany. They
> privatised it some years ago (and created competition by splitting) and
> suddenly their energy prices dropped to about half. Can you please
> explain how it was better to have it state owned?
California privatized their electric system and completely raped all it's
neighbor states with higher electric costs when they decided they weren't
going to pay for electric at all on the much higher privatized prices.
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