[lbo-talk] Oil touches $57 per barrel, many OPEC membersatorabove capacity

[Michael Dawson]

It's a subsidy in two senses: 1. The infrastructural costs (road building
plus military defense of oil supplies) are not internalized, and, 2.
politically speaking, no serious alternatives are entertained.

There has never been a genuinely democratic discussion of transportation in
this society, and the basic facts about costs and benefits are entirely
unreported.

Bottom line:  "On the road of life, there are passengers and there are
drivers."  The masses get to choose which car model to buy.  The ruling
class has an undiscussable monopoly over the macro-choices.  There's no
guarantee the masses would choose to trade in their cars after a robust
debate of the facts and the options, but it's certain they won't without
one...


> -----Original Message-----
> From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org]
> On Behalf Of Doug Henwood
> Sent: Friday, March 18, 2005 2:43 PM
> To: lbo-talk at lbo-talk.org
> Subject: Re: [lbo-talk] Oil touches $57 per barrel, many OPEC
> membersatorabove capacity
> 
> Jordan Hayes wrote:
> 
> >Can you really call it a subsidy if everyone wants it and everyone uses
> >it?
> 
> You can say the costs are not internalized.
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