BP oil spill
Out of context: Reply #529
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- ukit0
Isn't "corporatism" the way it's currently being used just a convenient way for the right to apologize for extreme capitalism? It's great to complain about corporatism but how do you end it? People with lots of money will always have vested interests, and they will also try to influence politics, and there's very little way to really stop that at the end of the day. Other than through stuff many on the libertarian right would find abhorrent.
Of course, free markets do solve many problems, the trouble is when you have a problem whose solution has no short-term incentive, but that creates a long-term disaster. It makes perfect sense, in terms of free markets, for us to continue to lead high energy consumption, gas guzzling lives - we don't gain anything personally from ending that. Only trouble is, one day we could wake up and read that gas prices are starting to soar because the world's supply finally is running out, and the realization could come at such a late point that the consequences could be far worse than if it had started to invest in alternatives decades earlier.