“The challenge here is that the utility business model socializes cost—it’s designed to spread cost to everybody,” he says. “We’re in this new paradigm where we have just a few companies that are imposing billions of dollars of costs.”
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So this is what I mean when I say I’m finding it hard to understand if the industry thinks this is good or bad. Because here’s Vlad saying insiders shouldn’t trade. There are rules on the books and the rules can evolve if there’s new abuses and those rules should be analogous to the rules against insider trading in the public markets, which maybe we’re not enforcing enough, but everybody understands those rules.