Meredith Angwin, who had the following to say about the electricity ‘markets’ that have been created in those parts of the US where vertical unbundling and de-monopolization have occurred: They are not markets as we know markets. They are complex systems, with new regulations constantly tweaking and trying to improve existing regulations. They are a bureaucratic thicket, not a market. It’s Orwellian. [Electricity is] ‘deregulated’ only if ‘deregulated’ actually means ‘lots more regulation’. ‘War is peace.’ ‘Deregulation’ is ‘lots more regulation.’ Orwell would be amused.44
