As voters in Maine decide whether to buy the state’s electric utilities, Democratic consultants rake in corporate cash while residents face shut-offs.
  • Iunnrais@lemm.ee
    352·
    2 years ago

    Socialism works, people. Particularly (though not limited to) for things with a vertical demand curve— necessities. Food, water, and now electricity and internet.

    • TokenBoomer
      3·
      2 years ago

      Is vertical demand curve the same as inelastic demand?

      • Iunnrais@lemm.ee
        5·
        2 years ago

        Yes. Different books call the phenomenon by different names, but it amounts to the same thing.

        • TokenBoomer
          2·
          2 years ago

          Thanks. Vertical Demand Curve would make a great band name.

    • JohnDClay@sh.itjust.works
      1·
      2 years ago

      Hmm, where water is heavily subsidized like in the UAE (I think, I could be wrong about the country) water usage is much higher than it would be naturally. Especially with things like irrigation. I know I would take much shorter and less frequent showers if water was super expensive. So I don’t think water is necessary a vertical demand curve.

  • Rentlar
    1·
    2 years ago

    Utility rate payers and taxpayers are paying money to CMP to fund the campaign to prevent them from getting bought out.