Comments by "Dan A" (@DanA-nl5uo) on "What Fox News Gets Wrong About Texas Outage" video.

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  9.  @Martinroadsguy  you are correct except that Texas choose to have the most deregulated energy sector in the USA. So it is infact the fault of the barrons of industry who realized that it was more profitable to not winterize the infrastructure. The Republican voters need to realize this is exactly what happens whenever you allow greed to set the rules. This is just a cost of doing business which will be passed on to the rate payers or the insurance companies as far as the barrons of industry are concerned. To the working class it is a man made human tragic that was clearly avoidable as cold weather alone doesn't end the power production or distribution global. But the lesson to learn is that the billionaires lack morals they lack the understanding of moral hazard because to them the only hazard is being small enough to fail and not having leverage over the government to force society to pay the costs of failure when they choose to maximize profits. Ask yourself will one owner of a power company in Texas be held criminally responsible for the failure to winterize their companies assets? I am guessing no they will not because in our deregulate society the wealthy are not held criminally responsible for the results of their choices to maximize profits. Greed has reached the point where we allow them to keep their past profits while not even being financially responsible for the burdens resulting from those profits. Meaning the power companies who refused to winterize their production facilities are directly responsible for the foreseeable frozen homes and deaths that resulted from their greed and not winterizing the infrastructure. But in our society no one not even the insurance companies will hold them accountable. This is a direct result of our greed based caplistist society deregulation.
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