It took a few days, but the view is already deeply entrenched: The Blackout Was a Market Failure (BBC). The article by Stephen Evans fails to point out few industries are so heavily regulated and monopolized as electric utilities (Krugman at least hinted at that). And he ends with a spin on Adam Smith: “The invisible hand of the market often needs a pretty strong hand of government hovering over it to stop it going terribly wrong.”
