Electricity markets can never be genuine markets due to natural monopoly

Evidence

The less obvious obstacle technofeudalism throws in the path of any green transition are the so-called electricity ‘markets’. I say ‘so-called’ because they are not, and can never be, actual markets. — Yanis Varoufakis, Technofeudalism, 631

Categorization

• DEFINE: Definitions ‘market’ vs ‘so-called market’ in the electricity context — explicit clarification of when Varoufakis refuses the term.
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 631
• XREF: connects to: Privatized electricity providers are not markets but collusive rentier devices — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 632; Monopolies express competition rather than contradict it — Clara E. Mattei, Escape from Capitalism, 138

Broader Connections

• Monopolies express competition rather than contradict it #contradicts (0.75) — Clara E. Mattei, Escape from Capitalism, 138