“The very term ‘public utility’ … is an absurd one. Every good is useful ‘to the public’, and almost every good, if we take a large enough chunk of supply as the unit, may be considered ‘necessary’. Any designation of a few industries as ‘public utilities’ is completely arbitrary and unjustified.” – Murray Rothbard
Every American business and household is directly and indirectly impacted by the seemingly never-ending rise in public utility prices (including airports, electricity, gas, post, public transport, rail, seaports, telecommunications, and water & sewerage). State and federal regulation of these ‘so called’ natural monopolies (very worryingly, now including the Internet), in fact, virtually ‘locks in’ such an upward trajectory.
No alleged ‘fact finding’ and no armchair speculation can discover another price at which demand and supply would become equal.