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FreedomFirst
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The Dreamtime

- James Howard Kunstler -

Look, oil companies don't drill for the public good. They do it primarily for personal profit which is what real capitalism is all about. The price of oil, and anything for that matter, depends on the cost to produce the product and the current level of competition. And prices will go up and down accordingly.

To that end government needs to keep their noses out of ALL private enterprises and let the public sector duke it out. That means no special incentives, tax cuts, or anything to those oil companies or any private company.

Without government interference the gas engine will be replaced by the electric one, but only when the price competes with the older technology. The gas engine will be replaced as was the horse and buggy, and it will be done by private companies but only when they think they can make a profit.

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Beginning of the headline :The idea that techno-industrial society is headed toward a collapse has become very unpopular the last couple of years. Thoughts (and fears) about it have been replaced by a kind of grand redemption fantasy that bears the same relation to economics that masturbation has to pornography. One way to sum up the current psychological state of the nation is that an awful lot of people who ought to know better don’t know their ass from a hole in the ground anymore... Read More

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