US has free pricing and control in the power sector. The current situation in US power is not good. So not everything is as bad or good as it seems. The grass seems greener on other side always. I agree socialism does not work but nor does true capitalism. There are upsides/downsides of both the systems and is debatable.
Quite a lot of the current US power sector is explained in this below video.
https://www.youtube.com/embed/qBpiXcyB7wU
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