Economy is Great!
Out of context: Reply #9
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so...the 2nd and developing worlds are increasing their demands for oil, based on, in part, actions of US companies like Walmart sending billions of dollars their way (and fair play to the Chinese for their industry), tensions in the market regarding the military and political overseas policy of the US govt./oil lobbyists...
Said increase in price of oil means more profits for said cartel.....so....
er...um...
Bah, there isnt a simple '1 group of people screwing another' style lefty phrase I can come up with the encapsulates the whole problem neatly.
And frankly, Im too old for anti-capitalist rhetoric at this point..
If someone could inform me though - ExxonMobil make a huge profit - where does this go ?
Does it all go to shareholders dividends ?
Many of the shares will surely be millions of peoples investment and pension/endowment portfolios, so in effect, the net result of the govt/oil/corporation's actions (they are indistinguishable from one another at the highest levels of each), is to transfer wholesale public liquidity (the cash people have in their pockets), into stock value..Does anyone have any Naom-Chomsky like conspiracy info about why this happening at this time ? How does this fit into the perceived globalization strategy/new world order ? Or is it just an attempt to mitigate the explosive growth of the Chinese economy ?