Free market principles thrown under the bus in oil gusher...

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Hey BP and all you conservatives! What happened to your free market principles? Why are you relying on the US Coast Guard? Shouldn't you be contracting out those duties to Blackwater?

Why are you relying on US military aircraft to poison the Gulf with your dispersants? Shouldn't that be another job for Blackwater?

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matmar83
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Jul. 31, 2007 3:01 pm

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Answer: The privatization of profits and the socialization of loss.

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jeffbiss
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Jul. 31, 2007 3:01 pm
Quote jeffbiss:

Answer: The privatization of profits and the socialization of loss.

It's the new application of the "invisible hand" of the free market. It sneaks into taxpayers pockets to pay for business, bankster and derivative player losses.

Retired monk - "Ideology is a disease"

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polycarp2
Joined:
Jul. 31, 2007 3:01 pm
Quote polycarp2:
Quote jeffbiss:

Answer: The privatization of profits and the socialization of loss.

It's the new application of the "invisible hand" of the free market. It sneaks into taxpayers pockets to pay for business, bankster and derivative player losses.

There's at least one cartoon about the invisible hand picking pockets. Its a great image.

Other invisible hand images

And more

Poor Richard

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Poor Richard
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The Post-Citizens United Era.

This month marks five years since the United States Supreme Court made their infamous ruling in the case of Citizens United v. FEC. That ruling turned a century of legal precedent on its head with the declaration that corporations have a First Amendment right to spend money in elections. And, that ruling opened the floodgates to massive spending levels in our political process.

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