A prominent figure in one of the 12 regional electricity companies privatised in 1990 recalled in a recent interview the omnipotence ascribed to “the market”, back in the day. “When you look back to the world of the 80s and the early 90s, there was this naïve belief that was then economic orthodoxy, and if you thought otherwise you were an idiot or a caveman from the hills. The market has always got the answer.”
Leader: You can’t buck the market… oh, really?
