5 ms·

I thought oil was in a free market and the invisible hand of all glorious capitalism decides what’s best for us.

by haliskerbas 5y ago

throwawaylinux 5y ago
OPEC is an overt cartel. Why would you have thought that?
- bobobob420 5y ago
  Sarcasm bro
  - throwawaylinux 5y ago
    So it really has nothing to do with capitalism or a free market then. The failure comes from state regulations, cartel behavior permitted by the WTO and other failed globalist bodies, and state warmongering. The solution is clearly to demonize individual choice and concentrate more power in corrupt state and global bodies!
    - pasquinelli 5y ago
      in what way does capitalism curtail the impulse of those in power to break markets? having a bonfire in my house is fine, sure it catches the house on fire, but that's the fault of the materials my house is made from, not the bonfire. there are hypothetical materials that wouldn't catch fire, i'm pretty sure.
      - throwawaylinux 5y ago
        The same way that socialism or state control doesn't fix those problems either. At least with capitalism the (alleged) ideal is decentralization of control. Other systems are overtly authoritarian with the explicit goal of consolidation of power.
        pasquinelli 5y ago
        sure that's the ideal, now how about the reality? actually, comparing ideal for ideal, isn't socialism ideally about decentralization of control too?
        throwawaylinux 5y ago
        Really? The reality between socialism and capitalism? Okay look at USSR, pre-capitalist China, North Korea, Communist Cambodia etc. And compare them with USA, Norway, New Zealand, Japan, Germany.
cheaprentalyeti 5y ago
It depends on who's doing the calculating. From Feb. 23: "Biden halts all new oil, gas leases" [0] >The Biden administration is delaying decisions on new oil and gas drilling on federal land and other energy-related actions after a federal court blocked the way officials were calculating the real-world costs of climate change... [0]: https://www.americanpress.com/2022/02/23/biden-halts-all-new-oil-gas-leases/ https://www.americanpress.com/2022/02/23/biden-halts-all-new...

I thought oil was in a free market and the invisible hand of all glorious capitalism decides what’s best for us.

throwawaylinux 5y ago

OPEC is an overt cartel. Why would you have thought that?

bobobob420 5y ago
Sarcasm bro
- throwawaylinux 5y ago
  So it really has nothing to do with capitalism or a free market then. The failure comes from state regulations, cartel behavior permitted by the WTO and other failed globalist bodies, and state warmongering. The solution is clearly to demonize individual choice and concentrate more power in corrupt state and global bodies!
  - pasquinelli 5y ago
    in what way does capitalism curtail the impulse of those in power to break markets? having a bonfire in my house is fine, sure it catches the house on fire, but that's the fault of the materials my house is made from, not the bonfire. there are hypothetical materials that wouldn't catch fire, i'm pretty sure.
    - throwawaylinux 5y ago
      The same way that socialism or state control doesn't fix those problems either. At least with capitalism the (alleged) ideal is decentralization of control. Other systems are overtly authoritarian with the explicit goal of consolidation of power.
      - pasquinelli 5y ago
        sure that's the ideal, now how about the reality? actually, comparing ideal for ideal, isn't socialism ideally about decentralization of control too?
        throwawaylinux 5y ago
        Really? The reality between socialism and capitalism? Okay look at USSR, pre-capitalist China, North Korea, Communist Cambodia etc. And compare them with USA, Norway, New Zealand, Japan, Germany.

cheaprentalyeti 5y ago

It depends on who's doing the calculating. From Feb. 23: "Biden halts all new oil, gas leases" [0] >The Biden administration is delaying decisions on new oil and gas drilling on federal land and other energy-related actions after a federal court blocked the way officials were calculating the real-world costs of climate change... [0]: https://www.americanpress.com/2022/02/23/biden-halts-all-new-oil-gas-leases/ https://www.americanpress.com/2022/02/23/biden-halts-all-new...