Tuesday, April 25, 2006

Capitalism Under Attack

What is the deal?
 
It seems everywhere you look, the media is complaining about oil companies making a profit. And now just about every politician seems to be backing away from support of the oil companies and capitalism.
 
Granted the media is downright intimidating. They get a moral high ground going on a populist appeal-- such as oil companies are ripping everybody off-- and no one wants to stand up to the media and just say markets are markets. They go up and they go down. ExxonMobil doesn't control prices-- oil is a global commodity and there is a lot more to oil prices then 2 guys in a board room.
 
 
 
 

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