After being found responsible for starting a deadly wildfire last summer, Hawaii’s for-profit energy utility is set to receive a public bailout. The episode makes a powerful case for bringing utilities under public ownership.
Privatize the profits. Socialize the losses. It’s never going to change because all voters seem to care about is social issues anymore, even when they’ve already won on those issues, such as in the case of guns and banning abortion.
It’s the American way.
Privatize the profits. Socialize the losses. It’s never going to change because all voters seem to care about is social issues anymore, even when they’ve already won on those issues, such as in the case of guns and banning abortion.