Originally Posted by Chris L
I heard something on the radio this morning suggesting that a number of countries (including, but certainly not limited to, the US) were calling on the oil producing nations to increase their output/reduce their prices. I always thought in a capitalist state, the idea was that people were free to make as much money as they possibly can? Yet here were the same people who preach the capitalist gospel trying to apply a communist principle. Am I the only one who can see the double-standard?
The question here...As I see it...Fair prices are based on a competitive market..Did we not face this question when we supposedly inacted anti-trust laws as a result of the racketering era..
So if production is not subject to competition, do we have true capitalism?