Quote:
|
Originally Posted by loquitur
Host, let me make this clear so there can be mistake: YOU WILL NEVER SELL ME ON NATIONALIZING ANY INDUSTRY. Nationalizing industries does not work, has never worked, has led to disaster every time it's been tried and cannot be made to work.
Don't assume that merely because Ustwo and I agree on a small public policy issue that I think nationalizing an industry is a good idea. It would be a disaster. If you think we're paying a lot for oil now, just wait until the geniuses who brought us $600 screwdrivers get hold of the industry.
|
Do you really believe that oil companies have a simple business model of independently exploring for and extracting oil and nat. gas, refining and distributing the refined products, and pricing them on a cost plus reasonable rate of return, basis? If they aren't acting independently, and they are successful at constricting the supply of both raw material and finished product, what is a reasonable response?
Don't you think "the rules" were thrown out when the Fed started loaning money to investment banks that are not regulated by the Fed, on the strength of near worthless collateral? Isn't it possible that your "market vision" does not exist?
Isn't it a contradiction for you to believe that "government cannot do anything right", yet believe that it is capable of organizing, training, equipping, maintaining, fielding, and deploying, the "most effective military force in the world"? The USPS delivers mail to you, every day. Doesn't it's existence and functionality challenge your opinion?