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Sounds like he thinks the companies themselves are going to be nationalized as well: "regional Power Marketing Administrations."

If they don't leave altogether, companies will probably just set up shellcorps that lose money in order to sell products here.

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He's a Socialist. He hasn't thought through these things to the ultimate end.

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"We're going to fix the government's power problem by giving the government more power!"

What's not to like? /s