The Invisible Hand of the Market....Again

[Minimalist]

http://america.aljazeera.com/articles/20...ommentsDiv

Exxon knew of human role in climate change in 1981, then funded denial

Despite that, in the early 1990s the internal documents included in the report show a series of carefully planned campaigns of deception by industry groups including BP, Chevron, ConocoPhillips, ExxonMobil, Shell, American Petroleum Institute (API), Western States Petroleum Association, Coal Industry and American Legislative Exchange Council (ALEC).
In 1998 API drafted a plan to secretly support “independent” researchers who would publicly dispute established climate science. The trade group’s memo claimed that “victory” would be achieved when “average citizens ‘understand’ [recognize] uncertainties in climate science,” the report said.
Similar to the tobacco industry, which was known “for its use of active, intentional disinformation and deception to support its political aims and maintain its lucrative profits,” the fossil fuel industry spread misinformation to manufacture uncertainty in the face of overwhelming scientific evidence,” the report said.

Corporate Scum Suckers.  Where Profits Are Far More Important Than People

[vorlon13]

Hmmm.

My recollection is back in '81 the big thing in climate worry was TTAPS. Not sure why Exxon would have been looking into something that was unknown at the time the way we understand it now.

(I've just seen this, I'll look into it)

[Pyrrho]

It is like the tobacco companies and what they knew about the effects of their products. In other words, business as usual.

That is the essence of capitalism. It is all about making the most money, no matter what.

[Minimalist]

Ah.  Another example of the "free" market.

http://www.rawstory.com/2015/07/texas-go...the-state/

Texas governor wants to keep ‘antiquated’ laws that ban Tesla Motors from selling cars in the state

[Dystopia]

It is like the tobacco companies and what they knew about the effects of their products.  In other words, business as usual.

That is the essence of capitalism.  It is all about making the most money, no matter what.

I wouldn't say literally money but wealth - Wealth is not just paper money but everything created that has some sort of value, whether it's a tangible product, an idea, a work of art or a service. The idea is to generate wealth because that benefits everyone inside X country and outsiders as well due to international trade. The way I see it, capitalism is good at some things, like allowing individuals to fulfill their potential and making money out of their investment, business and ideas, but it sucks when answering one single question - What to do with people who can't, no matter what, produce more than what they cost?

Generating wealth is a vague concept and it's present in most economic/political ideologies - Socialists want to generate wealth as well, no society can survive without wealth, goods and services - The difference here would be that socialists want a more egalitarian share of resources from scratch while capitalists support the principle that you should privately keep most of your wealth as long as you didn't breach the law and regardless of how much inequality there is.

[Minimalist]

Chris Rock explains the difference between Rich and Wealthy.