0 sats \ 11 replies \ @TNStacker OP 13 Mar \ parent \ on: For Bitcoin Mines in Texas, the Honeymoon Is Over bitcoin
If you let everyone take resources without investment, you get a mess they eventually tax you for one way or another. Just want and wait. You see it coming.
Most every super major fire in the last decade came from lack of investment in power lines and infrastructure. The dividends have been paid to shareholders. The damages will be covered by taxpayers.
If you look at most of these "companies" they are highly regulated. In the case of PG&E in California they might as well be state run. I believe they are private in name only. They have price restrictions and many other things hampering them. But since they are private the public blames the company not the state regulators. The state grants them a monopoly. Of course they will suck.
reply
This is what I mean. Folks think it is either/or, when it is both/and. It is the propaganda that has finger pointing instead of solution seeking.
Look at what's happening with Boeing. It is the company AND the government, but the cash flow that warps the incentives comes from the companies, which influence the government.
Come on man!