It's Not Capitalism's Fault

[SAYIT]

Any first year econ student can tell you the danger of having all of one's eggs in one basket.
Many of the countries in which oil revenues are a significant (or only) source of capital are currently at risk of economic collapse due to oil's precipitous price decline but it's not capitalism's fault but rather the greed and shortsightedness of those countries who failed to use some of their big gains to diversify. They built their economies of straw when they had the resources to pay for granite.

 

[Disir]

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

 

[SAYIT]

Any first year econ student can tell you the danger of having all of one's eggs in one basket.
Many of the countries in which oil revenues are a significant (or only) source of capital are currently at risk of economic collapse due to oil's precipitous price decline but it's not capitalism's fault but rather the greed and shortsightedness of those countries who failed to use some of their big gains to diversify. They built their economies of straw when they had the resources to pay for granite.

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Lame deflection because like most loony lefties you just can't handle the truth.

 

[Disir]

Any first year econ student can tell you the danger of having all of one's eggs in one basket.
Many of the countries in which oil revenues are a significant (or only) source of capital are currently at risk of economic collapse due to oil's precipitous price decline but it's not capitalism's fault but rather the greed and shortsightedness of those countries who failed to use some of their big gains to diversify. They built their economies of straw when they had the resources to pay for granite.

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Lame deflection because like most loony lefties you just can't handle the truth.

I'm asking you a question. It's a genuine question. Either you are capable of answering it or you are not.

 

[SAYIT]

Any first year econ student can tell you the danger of having all of one's eggs in one basket.
Many of the countries in which oil revenues are a significant (or only) source of capital are currently at risk of economic collapse due to oil's precipitous price decline but it's not capitalism's fault but rather the greed and shortsightedness of those countries who failed to use some of their big gains to diversify. They built their economies of straw when they had the resources to pay for granite.

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Lame deflection because like most loony lefties you just can't handle the truth.

I'm asking you a question. It's a genuine question. Either you are capable of answering it or you are not.

Nationalizing private assets (gov't stealing from rightful owners) is hardly in anyone's best interest (think: Cuba) and the gov'ts of more than a few of the countries in economic trouble do control their oil.
That said, your "genuine question" has NOTHING to do with the subject matter and you have yet to establish any validity to your claim. It just sounds like socialist whining and a lame attempt at deflection..

 

[Disir]

Any first year econ student can tell you the danger of having all of one's eggs in one basket.
Many of the countries in which oil revenues are a significant (or only) source of capital are currently at risk of economic collapse due to oil's precipitous price decline but it's not capitalism's fault but rather the greed and shortsightedness of those countries who failed to use some of their big gains to diversify. They built their economies of straw when they had the resources to pay for granite.

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Lame deflection because like most loony lefties you just can't handle the truth.

I'm asking you a question. It's a genuine question. Either you are capable of answering it or you are not.

Nationalizing private assets (gov't stealing from rightful owners) is hardly in anyone's best interest (think: Cuba) and the gov'ts of more than a few of the countries in economic trouble do control their oil.
That said, your "genuine question" has NOTHING to do with the subject matter and you have yet to establish any validity to your claim. It just sounds like socialist whining and a lame attempt at deflection..

Hmmmmmmmmmmmmm.... So, why was there so much shit when Iran wanted to nationalize their oil or when Egypt moved that direction. I mean it is that countries resources. Nay?

 

[SAYIT]

Any first year econ student can tell you the danger of having all of one's eggs in one basket.
Many of the countries in which oil revenues are a significant (or only) source of capital are currently at risk of economic collapse due to oil's precipitous price decline but it's not capitalism's fault but rather the greed and shortsightedness of those countries who failed to use some of their big gains to diversify. They built their economies of straw when they had the resources to pay for granite.

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Lame deflection because like most loony lefties you just can't handle the truth.

I'm asking you a question. It's a genuine question. Either you are capable of answering it or you are not.

Nationalizing private assets (gov't stealing from rightful owners) is hardly in anyone's best interest (think: Cuba) and the gov'ts of more than a few of the countries in economic trouble do control their oil.
That said, your "genuine question" has NOTHING to do with the subject matter and you have yet to establish any validity to your claim. It just sounds like socialist whining and a lame attempt at deflection..

Hmmmmmmmmmmmmm.... So, why was there so much shit when Iran wanted to nationalize their oil or when Egypt moved that direction. I mean it is that countries resources. Nay?

I have no idea what you are talking about (and evidently neither do you) but it's clear you just don't want to discuss the subject of this thread. BTW, there is little anyone can do when some despotic gov't decides to steal assets at gunpoint from the rightful owners.
(see: Nationalization of oil supplies - Wikipedia the free encyclopedia)

 

[Disir]

Any first year econ student can tell you the danger of having all of one's eggs in one basket.
Many of the countries in which oil revenues are a significant (or only) source of capital are currently at risk of economic collapse due to oil's precipitous price decline but it's not capitalism's fault but rather the greed and shortsightedness of those countries who failed to use some of their big gains to diversify. They built their economies of straw when they had the resources to pay for granite.

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Lame deflection because like most loony lefties you just can't handle the truth.

I'm asking you a question. It's a genuine question. Either you are capable of answering it or you are not.

Nationalizing private assets (gov't stealing from rightful owners) is hardly in anyone's best interest (think: Cuba) and the gov'ts of more than a few of the countries in economic trouble do control their oil.
That said, your "genuine question" has NOTHING to do with the subject matter and you have yet to establish any validity to your claim. It just sounds like socialist whining and a lame attempt at deflection..

Hmmmmmmmmmmmmm.... So, why was there so much shit when Iran wanted to nationalize their oil or when Egypt moved that direction. I mean it is that countries resources. Nay?

I have no idea what you are talking about (and evidently neither do you) but it's clear you just don't want to discuss the subject of this thread. BTW, there is little anyone can do when some despotic gov't decides to steal assets at gunpoint from the rightful owners.
(see: Nationalization of oil supplies - Wikipedia the free encyclopedia)

Iran
Since its beginning, Iran's oil industry has experienced expansion and contraction. Rapid growth at the time of World War I declined soon after the start of World War II. Recovery began in 1943 with the reopening of supply routes to the United Kingdom. The oil was produced by what became the Anglo-Iranian Oil Company, but political difficulties arose with the Iranian government in the postwar period.[11]

Iran sought to rid itself of British political influence and the exploitation by AIOC. Negotiations between Anglo-Iranian Oil Company and the government failed and in 1951 the oil industry was nationalized. As a result of Britain's boycott and the Abadan Crisis, Iranian production dropped to virtually zero. On British initiative the CIA overthrew Prime Minister of Iran Mosaddegh in Operation Ajax. Formally the nationalization remained effective, but in practice a consortium of oil companies was allowed in under a by then standard 50/50 profit-sharing deal.

The whole process had left the British a major share in what had been their single most valuable foreign asset. It had stopped the democratic transition in Iran however, leaving its mark for decades to come. The coup is widely believed to have significantly contributed to the 1979 Iranian Revolution after which the oil industry would be nationalized again.

Iraq
The properties of the majors were nationalized totally in Iraq, in 1972.[12] Worldwide oil shortages major oil supplies in the 1970s forced major oil suppliers to look elsewhere for ways to acquire the resource. Under these circumstances, NOCs often came forward as alternative suppliers of oil.[12] Nationalization of the Iraq Petroleum Company (IPC) in 1972 after years of rancor, together with restrictions on oil liftings by all but one of the IPC's former partners, put Iraq at the forefront of direct marketing.[12] Iraq's oil production suffered major damage in the aftermath of the Gulf War. In spite of United Nations sanctions, has been rebuilding war-damaged oil facilities and export terminals.[11] Iraq plans to increase its oil productive capacity to 4 Mbbl/d (640,000 m3/d) in 2000 and 6 Mbbl/d (950,000 m3/d) in 2010.[11]


But, I do know. And so do you.

 

[Kosh]

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Russia is a Western Country?

Privatization in Russia - Wikipedia the free encyclopedia

 

[Disir]

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Russia is a Western Country?

Privatization in Russia - Wikipedia the free encyclopedia

Nationalization, hon.

 

[Kosh]

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Russia is a Western Country?

Privatization in Russia - Wikipedia the free encyclopedia

Nationalization, hon.

So yes you just blazed in with a far left narrative that does not fit the facts.

 

[Disir]

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Russia is a Western Country?

Privatization in Russia - Wikipedia the free encyclopedia

Nationalization, hon.

So yes you just blazed in with a far left narrative that does not fit the facts.

No. You just don't like the facts.
1953 Iranian coup d tat - Wikipedia the free encyclopedia

 

[Kosh]

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Russia is a Western Country?

Privatization in Russia - Wikipedia the free encyclopedia

Nationalization, hon.

So yes you just blazed in with a far left narrative that does not fit the facts.

No. You just don't like the facts.
1953 Iranian coup d tat - Wikipedia the free encyclopedia

Still does not explain how Russia is a Western Nation that runs with the narrative you started..

 

[bripat9643]

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Who have they kept from nationalizing their oil?

 

[Disir]

What's interesting is that western countries have done everything in their power to keep countries from nationalizing their oil. Why?

Russia is a Western Country?

Privatization in Russia - Wikipedia the free encyclopedia

Nationalization, hon.

So yes you just blazed in with a far left narrative that does not fit the facts.

No. You just don't like the facts.
1953 Iranian coup d tat - Wikipedia the free encyclopedia

Still does not explain how Russia is a Western Nation that runs with the narrative you started..

Has nothing to do with what I am talking about. Although, we can free market that all day.

It's an inconvenient truth that libertopians are not prepared for.

 

[Kosh]

Russia is a Western Country?

Privatization in Russia - Wikipedia the free encyclopedia

Nationalization, hon.

So yes you just blazed in with a far left narrative that does not fit the facts.

No. You just don't like the facts.
1953 Iranian coup d tat - Wikipedia the free encyclopedia

Still does not explain how Russia is a Western Nation that runs with the narrative you started..

Has nothing to do with what I am talking about. Although, we can free market that all day.

It's an inconvenient truth that libertopians are not prepared for.

And yet still does not explain how Russia is a "Western Nation" that fits the narrative you started.

 

[Disir]

Nationalization, hon.

So yes you just blazed in with a far left narrative that does not fit the facts.

No. You just don't like the facts.
1953 Iranian coup d tat - Wikipedia the free encyclopedia

Still does not explain how Russia is a Western Nation that runs with the narrative you started..

Has nothing to do with what I am talking about. Although, we can free market that all day.

It's an inconvenient truth that libertopians are not prepared for.

And yet still does not explain how Russia is a "Western Nation" that fits the narrative you started.

Gorbachev, honey.

But, no, the narrative that I gave you is the one that you cannot seem to respond to. Why is that?

 

[Kosh]

So yes you just blazed in with a far left narrative that does not fit the facts.

No. You just don't like the facts.
1953 Iranian coup d tat - Wikipedia the free encyclopedia

Still does not explain how Russia is a Western Nation that runs with the narrative you started..

Has nothing to do with what I am talking about. Although, we can free market that all day.

It's an inconvenient truth that libertopians are not prepared for.

And yet still does not explain how Russia is a "Western Nation" that fits the narrative you started.

Gorbachev, honey.

But, no, the narrative that I gave you is the one that you cannot seem to respond to. Why is that?

And yet another post that does not explain how Russia is a "Western Nation" that fits the narrative you started.

 

[Disir]

No. You just don't like the facts.
1953 Iranian coup d tat - Wikipedia the free encyclopedia

Still does not explain how Russia is a Western Nation that runs with the narrative you started..

Has nothing to do with what I am talking about. Although, we can free market that all day.

It's an inconvenient truth that libertopians are not prepared for.

And yet still does not explain how Russia is a "Western Nation" that fits the narrative you started.

Gorbachev, honey.

But, no, the narrative that I gave you is the one that you cannot seem to respond to. Why is that?

And yet another post that does not explain how Russia is a "Western Nation" that fits the narrative you started.

28 Mordad Coup.

 

[AntiParty]

Any first year econ student can tell you the danger of having all of one's eggs in one basket.
Many of the countries in which oil revenues are a significant (or only) source of capital are currently at risk of economic collapse due to oil's precipitous price decline but it's not capitalism's fault but rather the greed and shortsightedness of those countries who failed to use some of their big gains to diversify. They built their economies of straw when they had the resources to pay for granite.

Your post is funny.

Watching America topple Countries and say "oops!" is typical.

Knowing that there was a list of Countries the deemed "crazy" Military General Wesley Clark spoke of and watching it all play out in front of our own eyes was hard to watch.......There was ample amounts of information to avoid this.

Knowing that these oil rich Countries wanted to start trading oil for Gold instead of the U.S. Dollar was the common denominator..................

This is called the "Petro-Dollar". Lean it and you will know more about foreign policy than 95% of Americans.

Wesley Clark stated we will go to war with Syria. Why? No reason. Until there was a reason a couple years ago. The Right was outraged and wanted war with Syria just like they wanted war with Libya over Benghazi. Watching someone predict this behavior and watching the sheep follow it was embarrassing.