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International

Rmi Outlet

Disruptive Technologies

Unpublished letter to the Economist

Your lament for Europe’s money-losing electric utilities, pickled in their own brine, begs the question whether old, long-and often still-subsidized oligopolies should be bailed out or shielded from competition when they bet against innovation and lose. They were supposed, but failed, to prepare for renewables by reinvesting their hundreds of…