Capitalism Fails Texas

You know resources aren’t being allocated efficiently when your power grid fails.

They tell us in school that capitalism has pulled millions, no, billions of people, out of poverty. They say that capitalism is the most efficient economic system for allocating scarce resources. Well, electricity is pretty scarce. In Texas.

For days now, I’ve been reading the headlines and articles about the fairly Red State of Texas. Poor, poor Texas. Home to billionaires, millionaires, and some very poor people. And now, the…