[lbo-talk] Political Effect of Hurricane Rita: Struggles over OilSubsidies, Truckers' Direct Actions, Etc.

JC Helary jch.helary at free.fr
Fri Sep 23 08:09:06 PDT 2005


On 2005/09/23, at 14:13, Victor wrote:


> The argument that privatization will end the huge losses sustained
> by state-owned oil companies because of price controls that set
> domestic prices well below international prices (and I would add to
> the losses sustained from gross inefficiency and self-enrichment of
> government officials and politicians at the public's expense) is
> true, but the Yukos fiasco among others have adequately

No it is not. Because to cost of raising oil prices will slow down the countries economies and the states will pay the bills in the end anyway. The poor will get poorer etc. The argument is only about the loss it is for private owners to not own those companies. But I suppose I don't need to argue about that here.

JC Helary



More information about the lbo-talk mailing list