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RoninLB RoninLB is offline
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Join Date: May 2001
Location: Peoples Republic of Long Beach, NY
Posts: 21,143
Quote:
Originally Posted by procon;3993107

If we "were" in a "post war" recession rather than fighting a war while in a recession, this might hold water.

I honestly don't see the logic here, apples to oranges.

greetings...

the author caught my attention with his view.

I don't think anyone can read the future so all capitalist options are on the table imo. Blaming politics for being a formal cause of short term high gas prices feeds the emotional few with a channel to slam the Rep's and Bush. It dumbs down the issue. That we don't have a serious energy policy is as much the voters fault as it is the government's.

I believe the author's "post war" wording relates to capitalism's development after WW2. Before that socialism's model was an effective option instead of capitalism. Between 1900 and WW2 many capitalist models suffered severe disruptions. This created an atmosphere where socialism had some of its legitimate features politicized and accepted.

The author explains in simple language capitalism's past market routine relating to oil. He discounts the mid east and oil traders.

To call today's situations "war" and "recession" should include the context as an explain. That's another story when all he's doing is discussing capitalist markets self correcting when allowed to perform. It's what markets do.

When I see mass media hype being widely accepted without question I say "good". Markets have a way of turning the many into food for the few. An effective market expands like a blob. The blob develops feet that stick out from the body and are either seen or hidden by money men. These high powered feet are either used for a financial gain or they're not.

the volitale oil market is being used by the traders to reap big incomes.. that's life.


the real issue going on right now is inflation and capital preservation. All the rest is noise.
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Old 06-09-2008, 11:00 PM
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