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?

matmar83's picture
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 other way we're subsidizing Walmart...

Most of us know how taxpayers subsidize Walmart's low wages with billions of dollars in Medicaid, food stamps, and other financial assistance for workers. But, did you know that we're also subsidizing the retail giant by paying the cost of their environmental destruction.

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