Posted by Ritch on March 4, 2003, at 23:28:18
In reply to Re: Political Packaging and Electricity, posted by noa on March 4, 2003, at 21:49:53
> I agree--going too quickly into deregulatin without thinking through its pitfalls opened everything up to those scams. Not that dereg. is always bad, necessarily (although so far I am very skeptical about it for certain industries) but it changes what is vulnerable and unless we take the time and spend the necessary resources to be ready to deal with the new vulnerabilites, bad stuff is gonna happen. The Montana Power Co. is a good example of how dereg. can be a disaster, especialy hurting consumers and the honest shareholders of a company because dereg conditions made it too tempting for greedy officers to go wild to take care of themselves at the expense of many others and at the expense of the public good.
It is tough to predict what hidey-holes can be uncovered with a law change. There really is a herd of greedy mice constantly searching for a way to raid the public purse without anybody's knowing. There are many lawyers who are paid LOTS (biblical irony here), to spend their lives searching for the cracks in the levee.
poster:Ritch
thread:205278
URL: http://www.dr-bob.org/babble/social/20030301/msgs/206013.html