Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Energy firms' profts per customer rise 733%, says Ofgem
When I was taught economics, it was an article of faith that gas and electricity are natural monopolies, because everyone with somewhere to live needs them. Being natural monopolies, it was further assumed that the gas and electricity industries should be run by the state, to prevent profiteering and to enable essential and highly expensive investment in the national grid infrastructure.

For the Chicago School, and their acolytes in the IMF and World Bank, it is a sine qua non that national grids must be privatized and "opened up to competition".

Jeb Bush allegedly told the government of Argentina to sell their national grid to Enron....

The privatisation of gas and electricity in Britain has led to an increase in profit margins of nearly 800% for those private gas and electricity companies.

Of course the truth is that Chicago School economics, as inflicted on the world by the IMF and World Bank, was never about improving the lot of ordinary people. It was always about exploiting the many and enriching a very few.
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."

Gravity's Rainbow, Thomas Pynchon

"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war

Messages In This Thread
Energy firms' profts per customer rise 733%, says Ofgem - by Jan Klimkowski - 14-10-2011, 08:37 PM

Possibly Related Threads…
Thread Author Replies Views Last Post
  After high court ruling, firms divide and conquer in consumer cases Magda Hassan 1 1,982 22-09-2011, 04:02 PM
Last Post: Peter Lemkin
  Banks Siding Against the Customer in Fraud Cases Magda Hassan 0 2,042 Less than 1 minute ago
Last Post:
  Millions of Vodafone Customer's personal details and c-c numbers on internet for all to see!.... Peter Lemkin 0 4,805 Less than 1 minute ago
Last Post:
  Poor charged £1,300 a year more by firms Magda Hassan 0 2,361 Less than 1 minute ago
Last Post:
  School teacher to energy rebel Magda Hassan 0 1,858 Less than 1 minute ago
Last Post:
  Energy giant pays zero tax David Guyatt 0 2,580 Less than 1 minute ago
Last Post:
  EBook Sellers Strike Deal To Share Customer Details With Anti-Piracy Outfit Magda Hassan 0 3,685 Less than 1 minute ago
Last Post:

Forum Jump:

Users browsing this thread: 1 Guest(s)