High oil $ is not the main threat of PO

cube · Fusion Joined: Mar 12, 2005 Posts: 3319

You can bet there will be some type of government mandated rationing of some sort when PO hits. Everybody likes to advocate the "free market" system. However that's only true when there's an ample supply and lots of competition to keep prices low. Once things get crazy and the price goes skyhigh all of a sudden people give up on capitalism and advocate Communistic approaches like "price controls" which ultimately leads to rationing.

threadbear · Expert Joined: Jan 22, 2005 Posts: 7134

Cube, You say "people" will give up on capitalism. I'm sure they will, but corporations won't give up on them, nor will they turn their backs on a system that has done so much for them. The general consensus may not amount to much in the future. Your post indicates you think you're living in a capitalist democracy that will become a social democracy, when things get rough. Wrong on both counts.

jaws · Light Sweet Crude Joined: Apr 24, 2005 Posts: 1257

threadbear · Expert Joined: Jan 22, 2005 Posts: 7134

There are the corporate worker bees and then the reptilian overlords, not truly people in the traditional sense, more like a bestiary of convenience.