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>> CALIFORNIA Latest News

MAR 24, 2013 - Forbes

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Which Should We Have: Public Utilities Or Regulated Private Monopolies?

Matt Yglesias ponders this point. Which is it better for us to have public utilities or regulated private monopolies? He's right on many levels, the differences tend to be about who gets to collect the rents available from monopolistic positions. Further, that who does get to have what tends to be subject to political fashion and style. However, there's one thing very wrong with the analysis: Either of these could be great ideas or either of them could be terrible. At the end of the day, it all just comes down to the quality of the governance. With the regulated utility model, the problem ... Read More

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