Power to the People.

Fundamentals are being decided here. The power crisis that has blindsided California has also turned the state into ground zero in an unanticipated war between radical capitalism and a democratically controlled economy.

One of the great debacles of recent times--a classic saga of greed, ideology, stupidity, and media neglect--the crisis has already spawned the biggest utility bankruptcy ever in the United States, sparked the largest state-bond issue in the nation's financial history, triggered the first planned blackouts in the Los Angeles area since World War II, evaporated a ...

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