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Why is it that no one goes after the biggest price fixing in the world? OPEC does price fixing openly and blatantly. Thousands of skyscrapers, entertainment, a
by thelastgallon 3y ago
Why is it that no one goes after the biggest price fixing in the world? OPEC does price fixing openly and blatantly. Thousands of skyscrapers, entertainment, airlines, oil wealth owning pretty much everything in the world -- all of this is funded by us. The harms caused by everything else is largely irrelevant.
Oil should have been a commodity which we don't have to think about. Just like salt and tons of other commodities that we consume. [1]
[1]Turning Oil Into Salt: Energy Independence Through Fuel Choice: https://www.amazon.com/Turning-Oil-Into-Salt-Independence/dp/1439248478 https://www.amazon.com/Turning-Oil-Into-Salt-Independence/dp...
- conception 3y agoI’m not sure what “go after” means in this context. OPEC is a group of countries, so it’s a diplomatic issue. And the west does apply pressure on them to behave in certain ways. But it’s diplomacy or warfare, not a legal issue.
- greatgib 3y agoThe same thing amaze me in a bad way. This is the biggest obvious trust, lots of the bad things in the world comes from oil monarchies and still no-one says anything. Politics are going after big tech when their effects are still little compared to the oil business.
- idiotsecant 3y agoWhat sort of mechanism are you proposing to 'go after' a sovereign power doing something you don't like?
- eli_gottlieb 3y agoAntitrust is a matter of applying domestic law to domestic firms. OPEC is a matter of coordinating diplomatic and military sanction towards an economic goal.
- moritzwarhier 3y ago> Oil should have been a commodity which we don't have to think about. Just like salt and tons of other commodities that we consume So, it's a matter of free trade?