Economics/Class Relations

Texas And The Siren Song Of Low Taxes, Cheap Goods

This segment is a perfect illustration of the unfortunate nature of mainstream discourse concerning economics, where the arguments are framed as pitting plutocratic apologists vs statist regulators and bureaucrats, i.e. the nobles vs the monarchs. And, unfortunately, the few people who understand this usually double as “culture war” lunatics.

Krystal Ball explains how the radical free market and deregulation of the energy sector caused the crisis in Texas.

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