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

On July 23, 2016, we discontinued our forums. We ask our members to please join us in our new community site, The Hartmann Report. Please note that you will have to register a new account on The Hartmann Report.

4 posts / 0 new

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?

matmar83's picture
matmar83
Joined:
Jul. 31, 2007 4:01 pm

Comments

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

jeffbiss's picture
jeffbiss
Joined:
Jul. 31, 2007 4:01 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"

.

polycarp2
Joined:
Jul. 31, 2007 4:01 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

Poor Richard's picture
Poor Richard
Joined:
Jul. 31, 2007 4:01 pm

The Kochs vs Trump - Who Will Win On Healthcare?

The fight to repeal and replace Obamacare is rapidly becoming a battle between factions of oligarchs.

So who will win - the Koch brothers faction that hates the Republican healthcare plan?

Or the Trump-Mercer faction that supports it?

As it stands right now, the Republican plan to replace Obamacare still doesn't have enough support to make it through a House vote.

Powered by Pressflow, an open source content management system