Texas power prices are insane. What is going on?

submitted by ReeferMadness from star-telegram.com

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[–]Nemacolin 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Well, it seems the ruling class won twice. First, they were not required to build a robust power grid. Next, when their cheapo plants failed they got to raise prices. So the rich got richer, just like the system was designed to work.

[–]ReeferMadness[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

How do you explain the fact that socialist/communist countries normally have blackouts without any natural disasters to blame?