zamzamsocialist.bsky.social
@zamzamsocialist.bsky.social
Reposted by zamzamsocialist.bsky.social
PG&E? ConEdison? I just did a piece on how a small group of economists are responsible for higher electricity and gas bills, as well as the massive mal-investment and incompetence of these monopolists. It's a trillion dollar scandal hidden via accounting.
www.thebignewsletter.com/p/power-move...
www.thebignewsletter.com/p/power-move...
Power Moves: How Electric Utility Monopolists Broke Their Bargain with America
A new paper shows how a small group of experts have inverted the electric utility model, destroying what was once a reliable set of public service corporations.
www.thebignewsletter.com
February 8, 2025 at 2:43 PM
PG&E? ConEdison? I just did a piece on how a small group of economists are responsible for higher electricity and gas bills, as well as the massive mal-investment and incompetence of these monopolists. It's a trillion dollar scandal hidden via accounting.
www.thebignewsletter.com/p/power-move...
www.thebignewsletter.com/p/power-move...
Reposted by zamzamsocialist.bsky.social
These companies want to be “non-banks” that can accept deposits of your money and then not have any legal obligations to protect it—which lets them use it to speculate on crypto etc—and not have FDIC insurance. They need to kill the cfpb to do that.
February 8, 2025 at 5:58 PM
These companies want to be “non-banks” that can accept deposits of your money and then not have any legal obligations to protect it—which lets them use it to speculate on crypto etc—and not have FDIC insurance. They need to kill the cfpb to do that.