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

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matmar83
matmar83's picture

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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jeffbiss
jeffbiss's picture
Answer: The privatization of

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

polycarp2
jeffbiss wrote: Answer: The

jeffbiss wrote:

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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Poor Richard
Poor Richard's picture
polycarp2 wrote: jeffbiss

polycarp2 wrote:

jeffbiss wrote:

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