The Nation

Ben Ehrenreich: PG&E and the Nasty Side of Capitalism

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There’s a quote often attributed, perhaps incorrectly, to the great economist John Maynard Keynes that “Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all.” The absurdity of this notion is being played out in real time in the form of smoke-filled air and rolling blackouts in Northern California, courtesy of the state’s largest monopoly, Pacific, Gas & Electric, better known as PG&E.

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