What a load of guff!
Let's say a power station fails unexpectedly. There are several options.
1) Expect politicians to do their job in times of emergency.
2) Rolling blackouts.. or maybe build or incentivize through fines and regulations adequate backup and reserve in the system?
3) Give up and hand over control of peoples possessions to the corporate giants. (ask them nicely not to just use this to reduce reserves and maximize profits)
Never mind that there hasn't been a real power shortage in my country for 70 years.