“Oil is too important to leave to market forces”, this is the title of an article published yesterday in Timesonline. Its writer suggests that the governments should get involved to fix the problem of high oil prices.

It brings me to the “free market” moral: it should be free as long as the greedy can make a profit, if the creepers can’t, then tell the state to put the public money in the hole just left. I also learn the Northern Rock bank has been nationalized because it began to show it’s going down, never knew there were red commies lurking in the UK government.

The logic of this is beyond me: if an enterprise has a profit, let it be private because private property is more efficiently etc. If it has losses so large that the owners can’t pay, then make the public pay (nationalize it), and then, when it’s back on wheels again, “sell” it into some private hands so that they can reap the profits, because bureaucracy is relatively slow. Nice. Am I the only one puzzled by this mechanism?

I had no specific idea where do the stupid grow, but reading the comments to that article helped me a lot.

This entry was posted on Friday, June 13th, 2008 at 9:05 pm and is filed under humanist. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.