Tuesday, September 16, 2003

The NY power outages again

corporate > plunder
I return to this subject, since the deregulatory vampires are breathing down our necks, in Greece, and yet another public utility is about to be given away to the usual plunderers [pdf] around here - and their EU and US partners, in accordance with PASOK's relaxed interpretation of socialist principles.
So here is Greg Palast's take on the power outage in NY during this past August.
"...Here's what happened. After LILCO was hammered by the law, after government regulators slammed Niagara Mohawk and dozens of other book-cooking, document-doctoring utility comanies all over America with fines and penalties totaling in the tens of billions of dollars, the industry leaders got together to swear never to break the regulations again. Their plan was not to follow the rules, but to ELIMINATE the rules. They called it 'deregulation.'
It was like a committee of bank robbers figuring out how to make safecracking legal..."

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