Deregulating Electricity and Gas in Europe
In her extraordinarily prophetic book, Casino Capitalism, Susan Strange paints a bleak picture of the increasing instability of world financial markets. In essence, she explains, world financial markets have become so powerful that the financial tail has begun to wag the governmental and industrial dog. At the time of publication (1986), this view went strongly against the prevailing political and economic orthodoxy. While it now has much more currency than it previously had, at least since the dramatic collapse of the Lira and the Pound within the ERM, in many ways this view has yet to triumph against the orthodoxy.
KeywordsCapital Expenditure Base Load Regional Company Federal Energy Regulatory Commission Price Transparency
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