Ever wish you weren't right? In 1997, the notion of selling off publicly owned infrastructure to private sector operators was coming into its own. After the city hired a consultant to determine the value of the publicly owned CPS Energy, it raised red flags. CPS consistently charges some of Texas' lowest utility rates while providing a significant chunk of the city's revenue, I argued. Profit motives can produce wondrous results. But uncontrolled, they can also produce costly disasters. Some things — especially those that efficiently deliver services that are essential — are best kept in the public sector to assure...