NEWSFLASH: When people don’t have money it’s bad for the economy
“Millennials are less well off than members of earlier generations when they were young, with lower earnings, fewer assets, and less wealth. … Conditional on their age and other factors, millennials do not appear to have preferences for consumption that differ significantly from those of earlier generations,” the report reads.”
No utility monopoly should be a for profit venture. Electricity is a necessity for modern life. These monopolies serve their executives and shareholders, doling out huge salaries, massive bonuses, and trillions in dividends while neglecting the energy grid that we all pay for and rely on.
“Investor-owned utilities, with their primary focus on shareholder returns and constant growth, are simply not suited for the shift California’s leadership has said it wants to make—and the nation must make as well—from a fossil-fuel-based, extractive economy to an environmentally sustainable energy model that puts the needs and interests of communities first and equitably distributes wealth.”
The potential bankruptcy of the California utility whose negligence likely plays a role in California’s wildfires is an opportunity for the public to gain control of the state’s energy destiny.. There is strong evidence that the wildfires