In order to reduce energy costs, should the government nationalize or privatize the energy sector?
Privatize, but increase environmental and regulatory oversight for price control
The free market fails when the costs required to compete incentivizes business owners to prioritize repaying investors/loans over customer satisfaction. By having a nationalized option, we can set a bar for the private market to compete against, with the incentive of the nationalized option being that these essential services are required for the country's function, and should the service degrade, it would negatively impact earning potential of citizens and by extension also lower taxable incomes.
Essentially, if society can not function without a service. The government should ensure that service is provided.
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