The blackouts in America and Europe are best seen as teething pains for systems in transition, argues Jo Whitehead of the Boston Consulting Group, as regulators pragmatically work out what precisely their role should be in liberalised markets.
Among the professors were Herbert W. Titus, a Vice-Presidential candidate of the far-right U.S. Taxpayers Party (now called the Constitution Party), and John Whitehead, who started the Rutherford Institute, a conservative legal-advocacy group.