In California it you cannot build a nuclear power plant or a coal operated power plant. This leaves natural gas power plants, which is the most expensive of the three to operate. This is one reason new plants have not been built - blame the environmentalists for that.
Also, there has been talk of "deregulation" for many years, creating uncertainty in the industry. No one knew what the business landscape was going to look like, which made the risk of building new plants very great.
Economic 001 (which comes before Economics 101) explains the whole situation. Regulated markets are inefficient, and the electricity market in California, from the construction of plants to the generation of power to purchasing to selling, is heavily regulated. There is nothing in the least bit unique about this situation, except perhaps the media calling this hyperregulation "deregulation".
Isn't this new router the same as the one developed by NexaBit (sp?) that we've been reading about for the last year or so? NexaBit was bought by Lucent a couple months ago for nearly a billion dollars. This may turn out to be a very good investment, but it is not cause to praise Lucent's ability to breed new technologies from within.
Though I agree, Lucent is a very impressive company.
6 Billion people enjoying the highest standard of living in human history. For the first time ever, a majority of people, even in poor countries, actually surviving into adulthood. The quality of human life in almost every country in the world rising along with the population. It is any wonder the critics of Julian Simon refuse to speak of the evidence? Tim
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In California it you cannot build a nuclear power plant or a coal operated power plant. This leaves natural gas power plants, which is the most expensive of the three to operate. This is one reason new plants have not been built - blame the environmentalists for that.
Also, there has been talk of "deregulation" for many years, creating uncertainty in the industry. No one knew what the business landscape was going to look like, which made the risk of building new plants very great.
Economic 001 (which comes before Economics 101) explains the whole situation. Regulated markets are inefficient, and the electricity market in California, from the construction of plants to the generation of power to purchasing to selling, is heavily regulated. There is nothing in the least bit unique about this situation, except perhaps the media calling this hyperregulation "deregulation".
Humanity now enjoys the highest standard of living in its history. In what sense, then, have we been "ravaged" by corporations?
Libertarianism reduces to no one controling your life - except you.
Isn't this new router the same as the one developed by NexaBit (sp?) that we've been reading about for the last year or so? NexaBit was bought by Lucent a couple months ago for nearly a billion dollars. This may turn out to be a very good investment, but it is not cause to praise Lucent's ability to breed new technologies from within.
Though I agree, Lucent is a very impressive company.
Tim
6 Billion people enjoying the highest standard of living in human history. For the first time ever, a majority of people, even in poor countries, actually surviving into adulthood. The quality of human life in almost every country in the world rising along with the population. It is any wonder the critics of Julian Simon refuse to speak of the evidence? Tim