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in the case of airplanes the only thing thats the private market is the planes and the ticket, the entire system of airports, safety, navigation is state subsid
by tehjoker 2mo ago
in the case of airplanes the only thing thats the private market is the planes and the ticket, the entire system of airports, safety, navigation is state subsidized and when the market fails it gets bailed out. the oil is subsidized by constant warfare. it's just an illusion for reganomics so a few rich ppl can make a buck off of a public utility.
- eru 2mo agoHow does constant warfare subsidise oil? In case you haven't noticed: both the latest US-vs-Iran war and Russia-vs-Ukraine war have made oil and gas a lot more expensive than the peaceful counterfactual.
- tehjoker 2mo agoThat's because they fucked up. I don't know where you've been but we have been dominating oil markets since the end of WW2. The dollar is sometimes called the "petrodollar" because we shifted from a gold basis to a petrol exchange basis. The latest fuck ups may signal the beginning of the end.