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We are mixing up a few things here. 1) Has the oil boom benefited anybody? Yes it has. 2) Has the oil boom benefited morally/politically sympathetic groups, s
by throwaway9011 11y ago
We are mixing up a few things here.
1) Has the oil boom benefited anybody? Yes it has.
2) Has the oil boom benefited morally/politically sympathetic groups, such as the American poor? Yes it has.
3) Will the oil boom benefit humanity as a whole, over the medium to long term? The jury is still out on this one, and the answer may in fact be no.
It is perfectly possible to do things that are beneficial in the short run but ruinous in the long run.
- cryoshon 11y agoExcellent points. Your comment does a great job of parsing the topics at hand while correctly identifying the core problems. Numbers 1 and 2 are pretty easy to see, because they've already happened. Number 3 is where you will face stiff resistance from capitalists because of their insistence bought via fake science that climate change isn't real or the consequences of fossil fuel use are ambiguous.
- maxxxxx 11y agoThe housing bubble was beneficial for a lot of people until 2008 :-)