Jim Saksa on Mythryl: “Free markets are great when they work but when the assumptions…”

Free markets are great when they work but when the assumptions underlying them - perfect competition, perfect information, etc. - don't get close to the real world realities, they tend to break down and enable rent-seeking behavior. Like this!

Michelle Ma@michellema.bsky.social

Two neighbors live less than 2,000 feet apart. One pays up to $500/month for electricity. The other averages $130. One has investor-owned National Grid. The other by a municipal utility. @popovichn.bsky.social and I dug into America’s widening power bill divide: www.bloomberg.com/graphics/202...

bloomberg.comOne Home’s Power Bill Is $500. A Half-Mile Away, It’s 70% LowerThe stark difference reflects a growing national divide between investor-owned utilities and public power providers

14/10/26, 7:22 pm2 reposts2 likes

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