82 lines
3.6 KiB
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82 lines
3.6 KiB
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From fork-admin@xent.com Wed Sep 25 21:33:31 2002
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Wed, 25 Sep 2002 14:20:30 -0400
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doing -bs
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From: Lucas Gonze <lgonze@panix.com>
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Cc: FoRK <fork@spamassassin.taint.org>
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Subject: Re: The Great Power-Shortage Myth
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Date: Wed, 25 Sep 2002 14:20:26 -0400 (EDT)
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> The only circumstances in which a business will not be ready--indeed,
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> eager--to do an additional volume of business is if it is physically unable
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> to do so because it lacks the necessary physical means of doing so, or
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> because the costs it incurs in doing so exceed the additional sales revenue
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> it will receive.
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That is a fully retarded view of economics, and pretty much the same kind
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of clueless oversimplication that led to the blackouts. There are a
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bazillion factors that affect game strategies, which is what the state of
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California messed up and the energy producers exploited.
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I'm not convinced that the only way to prevent future energy debacles like
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the blackouts is to reregulate. Ultimately we have to blame the people
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who crafted the game rules in a way that invited blackouts and
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exploitation. Given that the particular set of rules crafted by the state
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of California sucked, does there exist a set of rules that doesn't suck?
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If there does exist a better set of rules, then reregulation isn't
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necessarily the answer.
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You can't blame businesses for being profit maximizers. Yes, the people
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involved were heartless and corrupt. But mainly they just did their
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jobs.
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The guilty parties are either the mathematicians and economists who wrote
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the rules or, if the mathematicians and economists said there were no good
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rules, pro-deregulation politicians who went ahead anyway.
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- Lucas
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