Process
Status Items Output None Questions None Claims None Highlights Done See section below
Highlights
id806987474
Let’s say you’re a utility company with a great deal of regional political influence and technical expertise. If the only check on your power is an appointed board, making rulings on the basis of information that is only held or understood by your company, odds are good that this board will tend to rule in your favor. Furthermore, there is an intense revolving door effect between the industry and the regulators; a 2023 study found that roughly half of all public service commissioners go on to work for the companies that they purport to regulate.
✏️ The basic issue of regulation when the private companies have too much power (politically, technically, etc.) 🔗 View Highlight
id806988076
the nascent government was hamstrung in its ability to finance major projects, which left it vulnerable to the predations of international finance institutions like the International Monetary Fund (IMF) and World Bank, which have historically provided poorer countries with the money needed for major developments at the cost of austerity, budget cuts, and other forms of austerity that hurt average citizens while bolstering corporate power.
id806988069
This is a classic playbook under neoliberalism: cause a crisis for the public sector in order to undermine trust, then solve an artificially created problem through the private market, resulting in higher profits for private firms at the expense of reliability and affordability for the country as a whole.
id782797794
private ownership and financing runs the risk of concentrating gains in private hands while leaving the public responsible for liabilities — ultimately undermining the goal of a publicly owned renewable energy future.