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RE: So, the UN finally admits it's Capitalism not welfare that is ending poverty!
July 27, 2011 at 11:31 pm
(This post was last modified: July 27, 2011 at 11:37 pm by Anymouse.)
(July 27, 2011 at 10:26 pm)Rhythm Wrote: Heres a specific example of a subsidy. In the US, Grain crops receive the highest level of subsidies, so we'll use them.
rest cut
Another example is the US oil industry. When oil was discovered in Oklahoma, thousands of speculators came to try their luck sinking wells across Okla., Tex., Kans., and La.
Because of heavy competition, the price of gasoline and oil products plunged, creating havoc (for oil producers, not for consumers). EW Marland was one of those speculators, became bankrupt by competition - Marland Oil is now Conoco - who later became a US Representative, then state governor. A bankrupted capitalist is always a good choice for Governor.
He crafted in those states the Interstate Oil Compact (OPEC for oil producing states in the South), demanded by oil companies to increase their revenues, which restricted oil company production, and forced up the price of gasoline, saving oil companies from their own capitalism by guaranteeing gasoline would be in short supply.
https://secure.wikimedia.org/wikipedia/e...W._Marland (Companies working hand-in-hand with government is termed fascism.)
That organisation still exists today, and still guarantees oil to be in short supply. http://www.iogcc.state.ok.us/ (Now the Interstate Oil and Gas Commission), ensuring that capitalism will never provide you lower gasoline or natural gas prices by continuing to regulate how much and which oil companies can produce oil and gas. They now promote themselves as a "Green" organisation (oil companies greenwashing the public).
"Be ye not lost amongst Precept of Order." - Book of Uterus, 1:5, "Principia Discordia, or How I Found Goddess and What I Did to Her When I Found Her."
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RE: So, the UN finally admits it's Capitalism not welfare that is ending poverty!
August 2, 2011 at 5:03 am
(July 27, 2011 at 11:31 pm)Anymouse Wrote: (July 27, 2011 at 10:26 pm)Rhythm Wrote: Heres a specific example of a subsidy. In the US, Grain crops receive the highest level of subsidies, so we'll use them.
rest cut
Another example is the US oil industry. When oil was discovered in Oklahoma, thousands of speculators came to try their luck sinking wells across Okla., Tex., Kans., and La.
Because of heavy competition, the price of gasoline and oil products plunged, creating havoc (for oil producers, not for consumers). EW Marland was one of those speculators, became bankrupt by competition - Marland Oil is now Conoco - who later became a US Representative, then state governor. A bankrupted capitalist is always a good choice for Governor.
He crafted in those states the Interstate Oil Compact (OPEC for oil producing states in the South), demanded by oil companies to increase their revenues, which restricted oil company production, and forced up the price of gasoline, saving oil companies from their own capitalism by guaranteeing gasoline would be in short supply.
https://secure.wikimedia.org/wikipedia/e...W._Marland (Companies working hand-in-hand with government is termed fascism.)
That organisation still exists today, and still guarantees oil to be in short supply. http://www.iogcc.state.ok.us/ (Now the Interstate Oil and Gas Commission), ensuring that capitalism will never provide you lower gasoline or natural gas prices by continuing to regulate how much and which oil companies can produce oil and gas. They now promote themselves as a "Green" organisation (oil companies greenwashing the public).
That does nothing but hurt consumers and as you pointed out it was a former oil tycoon who went bankrupt who crafted the anti-competitive laws, all to suit the interests involved in the industry. This is anti-free market, if someone goes bankrupt because they can't complete tough shit I say. If the government did not have the power to give the industry elites guaranteed profits and stifle competition the situation today would be much better for consumers.
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RE: So, the UN finally admits it's Capitalism not welfare that is ending poverty!
August 2, 2011 at 11:47 am
And my scenario?
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
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