AuSable River wrote:Liriena wrote:
And I say most corporations are corrupt because, like all sensible businessmen, they'll do anything for profit and high stock prices, and when you put no limits on what corporations can do...well...you get some nice things like...say...Repsol-YPF forcing a country to rely on imported oil and destroying countless of towns that depended on the company, for starters.
for argument sake lets say politicians, CEOs, et al are corrupt.
within a free society, if a firm or individual is corrupt -- I dont have to buy!!!!
within a statist society, if government is corrupt --- I dont have a choice !!!!!
and please clarify that undecipherable blurt regarding repsol ??!
And I will debunk that as well.
Well...good thing I support a MIXED MARKET ECONOMY! It means I support there being both corporations and government taking care of the economy.
Repsol? Oh, you never heard? YPF, formerly Argentina's mighty state-owned oil company. It was sold by the anti-statist government of Carlos Saul Menem in 1998. Fourteen years later, the current government (which I don't support) discovered that Repsol, the Spanish company that bought YPF, had been breaking their promises to develop key areas of the country and, to top it off, they had greatly reduced production and stopped scouting for new oil reserves to sell less oil for higher prices, forcing the country to import billions of dollars in oil when it could have been cheaply extracted, refined and consumed in Argentina. One company almost ruined an entire country's economy just to make a few more bucks.