An explanation to Texas electric market is deregulated/privatized, Where Gen Z/Millennials Are Getti

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Episode description

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Episode description

An explanation to Texas electric market is deregulated/privatized, Where Gen Z/Millennials Are Getting Distracted, Uncle Tom (2020 Prime film), and Black Wall Street/Tulsa race massacre.

Texas Electric Market (a friend filled me in)

"In Texas, the electric market is deregulated/privatized. You sign up for an electricity plan with a given company. That company then buys supply from various electricity producers. Whenever you sign up for a plan, there are different options available. For example, you can sign up for a flat rate plan or a variable rate plan, or some more complex plans with rates that vary based on hours of the day, amount used, etc.........Instead of being a libertarian free market approach, this is straight up cronyism and corruption. The power companies get to make as much profits as the market will allow in good times. But the minute a crisis hits they're allowed to completely ignore their contracts and pass on rate hikes to their customers. It's a classic case of private profits, socialized losses. Absolute corruption of the highest order."

Where Gen Z and Millennials Are Getting Their Entertainment and Distraction - source

Uncle Tom 2020 Amazon Prime Documentary - source
Uncle Tom: An Oral History of the American Black Conservative

Black Wall Street/Tulsa race massacre

The massacre began during the Memorial Day weekend after 19-year-old Dick Rowland, a black shoeshiner, was accused of assaulting Sarah Page, the 17-year-old white elevator operator of the nearby Drexel Building. He was taken into custody. After the arrest, rumors spread through the city that Rowland was to be lynched. Upon hearing reports that a mob of hundreds of white men had gathered around the jail where Rowland was being kept, a group of 75 black men, some of whom were armed, arrived at the jail to ensure that Rowland would not be lynched. The sheriff persuaded the group to leave the jail, assuring them that he had the situation under control. As the group was leaving the premises, complying with the sheriff's request, a member of the mob of white men allegedly attempted to disarm one of the black men. A shot was fired, and then according to the reports of the sheriff, "all hell broke loose." At the end of the firefight, 12 people were killed: 10 white and 2 black. As news of these deaths spread throughout the city, mob violence exploded.[2] White rioters rampaged through the black neighborhood that night and morning killing men and burning and looting stores and homes. Around noon on June 1, the Oklahoma National Guard imposed martial law, effectively ending the massacre.

About 10,000 black people were left homeless, and property damage amounted to more than $1.5 million in real estate and $750,000 in personal property (equivalent to $32.25 million in 2019). Many survivors left Tulsa, while black and white residents who stayed in the city kept silent about the terror, violence, and resulting losses for decades. The massacre was largely omitted from local, state, and national histories.