alt Hacker NewsThe US did do this for most of the 20th century. Or at least something close to this: Many utilities were private companies but they were regulated monopolies. The state allowed them to be monopolies in exchange for tight state control.
In the 1990s this started to change. The idea was that the different utilities could compete for customers, and thus they wouldn't be monopolies any more and thus market forces would take the place of government regulation.
Of course this has failed spectacularly. Deregulation brought us the Enron disaster and the 2021 Texas grid crisis, among others. But since corporations control the US government now, there's no chance regulation will be brought back.
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Yeah, free market is great until some company is reach certain size and monopolies certain shares and forces to bend the market at will
and US citizen let them do it, how can't you vote the fck out of this is crazy
I'm surprised that you put the blame squarely on the the (bought) government.
Deregulation and "free" markets are something that many americans actively want. You can argue that they're misinformed and they're advocating against their own self-interest. But it's still something they actively want, this isn't just the evil corporations taking control of the corrupt government.
In fact on this very site I'd wager that more than half of Americans users are against regulation in general, state ownership of any utility, or any additional control on financial markets.