Market-driven economy is totally fine as long as we're talking about choice in clothing styles and car models. When it comes to things that people depend on, like energy, markets fail. They have done so currently in Texas where its private energy providers were not ready for an emergency: greentechmedia.com/articles/re

It never makes business sense to invest resources into managing emergencies. It's much cheaper to just shrug and say "shit happens", as customers have nowhere to go anyway.

@isagalaev
Don't worry, capitalism will fix this one too by offering extra cold-weather fees to end consumers that have no realistic alternatives to a company that has devoted itself to squeezing as much money out of a customer as possible without providing anything else than the absolute minimum in return.

Follow

@ScumbagDog @isagalaev

What is happening in Texas is an excellent example of ideological dogmatism in action - everyone else is joining their grid to trade energy and increase resilience, Texas closed themselves and pretended they are self-sufficient. That's the very opposite of pragmatism, which is usually the strongest side of capitalist economies.

Sign in to participate in the conversation
Mastodon 🔐 privacytools.io

Fast, secure and up-to-date instance. PrivacyTools provides knowledge and tools to protect your privacy against global mass surveillance.

Website: privacytools.io
Matrix Chat: chat.privacytools.io
Support us on OpenCollective, many contributions are tax deductible!