Your explanation works very well, but completely falls apart in the last paragraph.
Solar power production clearly is (at least in part) a post-scarsity scenario, given we literally have too much power on the grid.
Furthermore, calling the power market anything like “free” is just plain wrong. A liberal approach to market regulation here would have led to disaster a long time ago, for the reasons you described at the beginning of your comment.
The market “works” because of, not inspite of regulation.
And negative prices are a good thing for consumers, not market failure.
But too much power on the grid isn’t “here, have at it”. It’s fried devices and spontaneous fires breaking out. The grid can’t “hold the power”, only pumped and battery storage can, of which we have nowhere near enough. The grid literally cannot work if other producers put more electricity on to it.
If you have smart meter, you can literally be paid to use power at that point.
I think we’re quite a long way off from “too much power on the grid”, no? Even in America we regularly over-strain our grids. My power provider has even started discouraging folks from using their power as much, and charging more, because they simply decided not to do this work of increasing the amount generated. Like my bill has never once gone down, this paying people to use power concept is completely unheard of in practice.
That said I’m willing to be wrong. If you can show me evidence we have “too much power” I’d be happy to take that to my elected officials, insist I should get paid to heat up my noodles or whatever.
Where I live at the moment (UK), people with home batteries are regularly paid for storing excess energy from the grid. I haven’t got a clue about the American energy market, but intermittent energy production is causing huge strain on European grids.
A liberal approach to market regulation here would have led to disaster a long time ago, for the reasons you described at the beginning of your comment. The market “works” because of, not inspite of regulation. And negative prices are a good thing for consumers, not market failure.
Regulation of a market by the government is liberal politics. A laize faire approach is conservative lol.
Neo liberalism is the core ideology of modern conservatism. For example, both the republican and democrat parties in the United States adhere to Neo Liberal ideology. They are both conservative.
Neo liberalism is the ideology of deregulated capitalism. Neo liberalism holds that everything should be marketable without government interference, including healthcare, real estate, power generation, water, etc. Pioneered by Margaret Thatcher and Ronald Reagan, it is the dominant political ideology across Western democracies. Liberals and Conservatives are both adherents of Neo Liberal capitalist ideology. Leftists are those who support regulation, they are definitionally anti-capitalist. When people refer to the democrat party as socialist or democrats as Leftists, they’re just misusing those terms. Democrats are Neo liberal conservatives who, by and large, support deregulated capitalism.
Okay, and?? None of that goes against what I said. In the scope of us politics, Deregulation of markets in the US is Republican platform. Regulation of markets is Democrat platform. Democrats in the US are more liberal than Republicans even though, as you said, they are far from real leftists.
Their platform at times advocates regulation, but they don’t do much in the way of it. They are largely still in favor less regulation. We have had Democrat presidents since Reagan, quite a few actually and despite that unilaterally regulation had decreased pretty constantly over that time period.
Somehow internet populists have become convinced that liberalism = the government never does anything. Ask literally any economist and they will tell you government intervention and regulation are needed in many things.
You will find that most economists strongly support things like environmental, food and drug safety, and occupational safety regulations.
Convincing people liberalism is an evil capitalist ploy to deregulate at all costs is a conservative psyop, and judging from comments like the one to which you’re responding, it’s working.
Somehow internet populists have become convinced that liberalism = the government never does anything. Ask literally any economist and they will tell you government intervention and regulation are needed in many things.
ah yes, the classic laissez faire interpretation of libertarian.
Your explanation works very well, but completely falls apart in the last paragraph.
Solar power production clearly is (at least in part) a post-scarsity scenario, given we literally have too much power on the grid.
Furthermore, calling the power market anything like “free” is just plain wrong. A liberal approach to market regulation here would have led to disaster a long time ago, for the reasons you described at the beginning of your comment.
The market “works” because of, not inspite of regulation.
And negative prices are a good thing for consumers, not market failure.
But too much power on the grid isn’t “here, have at it”. It’s fried devices and spontaneous fires breaking out. The grid can’t “hold the power”, only pumped and battery storage can, of which we have nowhere near enough. The grid literally cannot work if other producers put more electricity on to it.
If you have smart meter, you can literally be paid to use power at that point.
wait until you figure out how we solve this problem…
wait for it…
You just don’t produce that energy.
lol. Yes, it’s that simple.
that’s how we’ve been doing it for the past 2 centuries, it’ll be how we continue to do it for the next 2 centuries.
I think we’re quite a long way off from “too much power on the grid”, no? Even in America we regularly over-strain our grids. My power provider has even started discouraging folks from using their power as much, and charging more, because they simply decided not to do this work of increasing the amount generated. Like my bill has never once gone down, this paying people to use power concept is completely unheard of in practice.
That said I’m willing to be wrong. If you can show me evidence we have “too much power” I’d be happy to take that to my elected officials, insist I should get paid to heat up my noodles or whatever.
We don’t have too much power overall, but there are moments where solar and renewable production in a region exceeds usage in that region.
Where I live at the moment (UK), people with home batteries are regularly paid for storing excess energy from the grid. I haven’t got a clue about the American energy market, but intermittent energy production is causing huge strain on European grids.
Interesting… Can y’all make room for one more over there? The bill for my 3-bedroom home is around $150 per month T_T
Nobody said it can hold power
Regulation of a market by the government is liberal politics. A laize faire approach is conservative lol.
Neo liberalism is the core ideology of modern conservatism. For example, both the republican and democrat parties in the United States adhere to Neo Liberal ideology. They are both conservative.
Neo liberalism is the ideology of deregulated capitalism. Neo liberalism holds that everything should be marketable without government interference, including healthcare, real estate, power generation, water, etc. Pioneered by Margaret Thatcher and Ronald Reagan, it is the dominant political ideology across Western democracies. Liberals and Conservatives are both adherents of Neo Liberal capitalist ideology. Leftists are those who support regulation, they are definitionally anti-capitalist. When people refer to the democrat party as socialist or democrats as Leftists, they’re just misusing those terms. Democrats are Neo liberal conservatives who, by and large, support deregulated capitalism.
Okay, and?? None of that goes against what I said. In the scope of us politics, Deregulation of markets in the US is Republican platform. Regulation of markets is Democrat platform. Democrats in the US are more liberal than Republicans even though, as you said, they are far from real leftists.
Their platform at times advocates regulation, but they don’t do much in the way of it. They are largely still in favor less regulation. We have had Democrat presidents since Reagan, quite a few actually and despite that unilaterally regulation had decreased pretty constantly over that time period.
Somehow internet populists have become convinced that liberalism = the government never does anything. Ask literally any economist and they will tell you government intervention and regulation are needed in many things.
For example, read this study on the policy views of practicing economists: https://econfaculty.gmu.edu/klein/PdfPapers/KS_PublCh06.pdf
You will find that most economists strongly support things like environmental, food and drug safety, and occupational safety regulations.
Convincing people liberalism is an evil capitalist ploy to deregulate at all costs is a conservative psyop, and judging from comments like the one to which you’re responding, it’s working.
ah yes, the classic laissez faire interpretation of libertarian.