Democracy and Regulation

Democracy and Regulation : How the Public Can Govern Essential Services

4.12 (8 ratings by Goodreads)
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Description

Essential services are being privatised the world over. Whether it's water, gas, electricity or the phone network, everywhere from Sao Paulo in Brazil to Leeds in the UK is following the US economic model and handing public services over to private companies whose principal interest is raising prices. Yet it's one of the world's best kept secrets that Americans pay astonishingly little for high quality public services.

This book, based on work for the United Nations International Labour Organisation is the first step-by-step guide to the way that public services are regulated in the United States. It explains how decisions are made by public debate in a public forum. Profits and investments of private companies are capped, and companies are forced to reduce prices for the poor, fund environmental investments and open themselves to financial inspection.

In a world where privatisation has so often led to economic disaster, this book is essential reading.
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Product details

  • Paperback | 240 pages
  • 150 x 230 x 15.24mm | 353.8g
  • London, United Kingdom
  • English
  • 0745319424
  • 9780745319421
  • 1,894,435

Table of contents

Democracy and Regulation: Introduction

1. Secrecy, Democracy And Regulation

2. Regulating In Public

3. Competition As Substitute For Regulation? Britain To California

4. Re-Regulation Is Not Deregulation

5. The Open Regulatory Process

6. Social Pricing

7. Issues That Are Publicly Decided

8. An Alternative: Democratic Negotiations

9. Be There: A Guide To Public Participation

10. A History Of Democratic Utility Regulation In The US

11. Regulating The Multinational Utility

12. Failed Experiments In The UK And The US

13. The Biggest Failures: California And Enron

14. International Democracy - Developing And Developed Countries

15. Conclusion

Notes

Index
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Review quote

"This volume discusses governmental regulation of public utilities--firms supplying electricity, gas, telephones, and water. Regulation works best, the authors argue, when regulators adhere to the democratic process: public access to information, public participation in setting prices. The US democratic process is generally superior to that elsewhere, e.g., in South Africa, India, Peru, the UK, Mexico, Bolivia, Brazil, and other countries. The authors (an economist-reporter, a lawyer, and a regulator) have a wealth of experience in utility regulation, and it is evident on every page. The recent electricity crisis in California (and Enron's participation) receives considerable attention. Throughout the book the democratic process receives most of the credit or blame. Unfortunately, the economic analysis is either weak or incomplete (e.g., no mention of the contribution to the California electricity crisis of either the drought in the Pacific Northwest or the prohibition of forward contracts). The authors' detailed description of the US utility regulatory system will be especially useful to those new to the topic. A companion source of information to this book is a Web site containing updates and additional documentation. Summing Up: Recommended. Public and undergraduate library collections." -- R. A. Miller, Wesleyan University in CHOICE
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About Greg Palast

Greg Palast is an investigative journalist whose articles have appeared in the New York Times, Observer, Washington Post, and The Nation and Salon.com. He has appeared on BBC Newsnight as special investigations reporter. He is the winner Financial Times David Thomas Prize, for Industrial Society Investigative Story of the Year. He has also been nominated by the UK Press Association as Business Writer of the Year. His books include The Best Democracy Money Can Buy (Pluto, 2002) and Democracy and Regulation: How the Public Can Govern Essential Services (Pluto, 2002). Jerrold Oppenheim has represented Attorneys General, consumers, low-income consumers, labour unions, environmentalists, and industry before utility regulatory commissions and other forums for more than 30 years. He is the author of Democracy and Regulation: How the Public Can Govern Essential Services (Pluto, 2002). Theo MacGregor was director of the Electric Power Division of the Massachusetts Department of Telecommunications and Energy, the state's utility regulator. She now runs MacGregor Energy Consultancy and provides expert analysis to state governments and other organisations about the electric industry. She is the author Democracy and Regulation: How the Public Can Govern Essential Services (Pluto, 2002).
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