Khaled:
The unfortunate part is that big corporation end up being on corporate
welfare form the government
60 minutes had a great story last night about oil price, and how in one
day, the price of a barrel of oil went up $25 at a time when supply was
high and demand was low.
one of the lines from the report last nigh was that for every barrel of
oil that get consumed, 27 barrels get traded. That means a barrel of oil
goes through 27 hands before the consumer pays the price.
So in a society that produces nothing these days, the only money being
produced is through interest, hedge funds and ponzie schemes. Gas goes to
$$4.50 a gallon, because morgan stanly and bear sterns are 'playing' the
market so they can pay my 401k.
don't get me wrong, a free market is still the best model to encourage
competition, control supply and demand and so on.
the unfortunate part is that in the end it becomes corporate socialism
woods:
....and what you pointed out is partly why it's not a free market.
woods
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