In a free market economy they should be competing to get customers on price and quality. Unfortunately the free market seems to be failing in many cases.
Firstly, we don’t have a free market in anything – everything is regulated to some degree.
A perfect market requires perfect information, but where capitalism falls down is that even when information is made available there simply is not the time for most people to assimilate and analyse it all.
That was the root cause of the banking crash. We’ve managed to build up system that are so complicated that no one can understand them anymore.
I haven’t got a clue how much gas actually costs to produce, and frankly I don’t want to know, because it would be a full time job trying to stay on top of it. What I’d really like is the chance to see a simple price comparison between companies – but alas all the energy providers do their damnedest to stop that happening, by offering so many contracts and tariffs that you simply can’t decide what is best.
And they call this system of subterfuge….
CONSUMER CHOICE.
It’s all bull$hit, designed to part consumers from their money.
The pendulum has already swung way way too far in the direction of private industry. Capitalism as we know it is a zero sum game where the owners get richer and the plebs get poorer.
Power to the people!