The largest harm of Enron was the massive accounting fraud, not the artificial scarcity (though that was also large and bad!). But even the artificial scarcity was mostly fraud (lying to CAISO in various ways).
The artificial scarcity was also only possible because of regulatory loopholes that have since been closed. Overall this looks to me like a situation where instead of “full regulated monopoly” or “full free market” we built something in between, and initially did a bad job of it.
The largest harm of Enron was the massive accounting fraud, not the artificial scarcity (though that was also large and bad!). But even the artificial scarcity was mostly fraud (lying to CAISO in various ways).
The artificial scarcity was also only possible because of regulatory loopholes that have since been closed. Overall this looks to me like a situation where instead of “full regulated monopoly” or “full free market” we built something in between, and initially did a bad job of it.