When it comes to the U.S. economy, the “con” part offers the best description of the current relationship between business, government and the preyed upon consumer.
The way things work in early 21st century America is large businesses bribe politicians in a variety of ways at both the local and federal level, and the end result is laws that are designed to increase corporate profits at the expense of the wellbeing and freedom of the American public. Politicians end up with financial war chests to run their next campaign, while bureaucrats see a lucrative opportunity to swing through the ever spinning revolving door should they play ball with lobbyists and their patrons. Yes, there’s always some degree of corruption within any society of humans, but there are peaks and valleys in such cycles. I’d argue we are somewhere in the peak corruption phase.
Today’s article focuses on one of the most highly regulated industries in the country, electric utilities. It’s one of the most boring businesses in America. I know this because it fell under the umbrella of my responsibilities during my last Wall Street job, and I could barely read a utilities research report without immediately falling asleep. Nevertheless, as you’ll see in today’s piece, the industry still finds a way to generate large profits while simultaneously harming the people its supposed to service.
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5 comments:
Sad but true. Very few homes are actually powered by the solar panels they have installed. The power generated is fed back into the grid through a a virtual meter and you in turn receive a reduced rate on the kilowatt hours you use.
Only systems in remote areas where solar energy is stored as DC energy in banks of batteries then inverted to AC current on demand can function independently, off grid.
Another piece of misinformation fed by the government to consumers they try to scam into buying solar. They usually don't explain the whole metered and discount on kilowatt situation leaving customers to believe in times of crisis, they will have electricity stored in the panels.
Did you ever wonder what our world would be like today if Tesla had been allowed to provide free electricity to all?
Thank you for explaining that, I think you saved me from making a blunder. I've had a solar company come to my house twice to sell me their system and I was ready to pull the trigger. The sales pitch makes it sound like you'll never lose power.
The grid is a vast economic conspiracy, just waiting to be undone by the EMP that will eventually come, courtesy of those who passionately don't like the U.S. (or Canada, for that matter, who will also be paralyzed by the devastating interruption of everything electronic.) There is no protection against it. None.
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