Texas often prides itself on being a low-regulation state that puts the free market ahead of all else. While this approach does work in some situations, often on a short-term basis, it can also have dire consequences as demonstrated by millions of Texans left without power and/or water.
To understand how the human-side of this disaster happened, we have to take a look at how we got here. In 1999, Texas deregulated its energy market. This meant that instead of cities or other local entities completely controlling the supply of energy to customers, the provision of electricity would be broken up ...