Since 1990 the top 1% of wealth holders have seen their share of the wealth increase significantly, almost entirely on the backs of the middle class (and to a lesser extent, the upper-middle class).

The middle/upper middle class may have more collectively than the wealthy, but this is why the middle feels materially poorer and more reactionary than they were 30 years ago. They are being outcompeted in housing (unfairly, by people with vastly more wealth) and are being overcharged and underdelivered on medical care, education and food.

The rich need to be taxed back down to a reasonable share of wealth (<20%) or the politics of the country will continue to be unstable because the masses will continue to vote for change, every election, in search of that outcome.

If power is more diluted among a greater number of participants you are way more likely to see defectors, which would provide accurate pricing data to the market and cause the conspiracy to fail.

You can also see Texas (ERCOT), New York and a few other operators.

The courts can only enforce the laws on the books. Congress needs to update the laws, but they won't because they are hopelessly corrupt :(

There's nothing stopping the legislature (other than their own self-interest) from passing a law that executives and board members are criminally liable for the malfeasance of their entity. We already apply that logic to positions like a medical lab director.

For now, until they move on to persecuting political adversaries.