I was interested to hear you bring up the Enron case as it pertained to the California power crisis in the late 90’s/early 2000’s. One thing I always thought was curious about an otherwise great documentary, Enron: The Smartest Guys in the Room, is they are very critical of “the free market” and heavily tie free market ideals to Enron. I don’t have the documentary handy but I distinctly remember at one point they call California’s deregulation something like “a bizarre compromise of the free market and existing regulation”, which I always thought was odd; why criticize the free market when in their own words it’s actually “a bizarre compromise”, i.e. another form of regulation?
As usual, I enjoyed this episode.
I was interested to hear you bring up the Enron case as it pertained to the California power crisis in the late 90’s/early 2000’s. One thing I always thought was curious about an otherwise great documentary, Enron: The Smartest Guys in the Room, is they are very critical of “the free market” and heavily tie free market ideals to Enron. I don’t have the documentary handy but I distinctly remember at one point they call California’s deregulation something like “a bizarre compromise of the free market and existing regulation”, which I always thought was odd; why criticize the free market when in their own words it’s actually “a bizarre compromise”, i.e. another form of regulation?