Interesting article, if a little techy, on the giant power failures in the USA last summer and their cause – the gap between the engineering realities of the electricity system and the tortuous attempt to impose a market system on it. Basically, the problem was that the marketisers saw the system as a large number of competing factories selling a location-neutral product – when in fact it was “the world’s largest machine”, as closely interconnected as the players in an orchestra.
Feel free to draw your own conclusions on rail privatisation, Britain’s national sport of infrastructural crisis, and that old Ranter standby – tax deficiency…