@ThorsomeTarmukas Is the insurance government provided, or is there a corporation for the insurance? Also, really high risks and subsequently high insurance premiums may cause inefficient competition. This is a major issue with US health care -- doctors pay eye-wateringly high malpractice costs (yes, I support single payer but that ain't gonna happen here). If we applied that to the energy sector, would it lead to monopolies or quasi-monopolies due to high costs of entry?
27
@ThorsomeTarmukas Is the insurance government provided, or is there a corporation for the insurance? Also, really high risks and subsequently high insurance premiums may cause inefficient competition. This is a major issue with US health care -- doctors pay eye-wateringly high malpractice costs (yes, I support single payer but that ain't gonna happen here). If we applied that to the energy sector, would it lead to monopolies or quasi-monopolies due to high costs of entry?
These are really good ideas.