Utility Monopolies Are To Blame For America’s Infrastructure Woes

Your energy most likely comes from a monopolized power grid. Monopolies, in economic theory, are patently bad for a market, its consumers, and everybody except the one doing the monopolizing. But in the case of electric utilities, a natural monopoly, it’s not quite that simple. Defenders of monopolies in the case of electricity actually have some solid ground to stand on.

But so do the detractors. In the United States, conventional utilities fall into the category of “natural monopolies”. This means that they “naturally”…