EIN News says, "Britain Facing Blackouts for First Time Since 1970s. Demand for power from homes and businesses will exceed supply from the national grid within eight years, according to official figures. The shortage of supplies will hit the equivalent of many as 16 million families for at least one hour during the year, it is forecast. (telegraph.co.uk)"
Britain is now starting to pay for its conversion to oligarchic/socialist government. When government takes over, it interferes with private enterprise. In this case, we see that the oligarchic/socialist government has discouraged private enterprise through regulations and higher taxes, such that private enterprise had no incentive to invest in electricity production necessary for the market. Theoretically, the British government could have done the job, but practical experience shows that such governments are so tied up in their own red tape, that they are unable to accomplish practical physical developments.
Do we notice any similarities with the state of California?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment