Private Utilities and California Wildfires

Samantha Hancox-Li and guest Ryan C. Smith, author and economic historian, discuss the possibility of publicly-owned electric utilities in America. Smith argues that there is a strong case for public power. Electricity distribution is a "natural monopoly," and existing private companies—like Pacific Gas and Electric—are often inefficient and incompetent. Meanwhile, Nebraska and other states already include some publicly-owned power companies, which provide affordable and reliable electricity. Is it time to switch to a new model of power?