Re: Bakken Oil Train Alternative? Free Markets Are Geat
Author: BOB2
Date: 10-29-2014 - 17:59
It's called free markets, where goods and services are traded without the preference or interference of government intervention, and through it, as Adam Smith observed, we get comparative advantage, exporting what we have that they demand, wh8le importing what they have and we demand, until the consumer, not the corporate state, reaches a state of equilibrium, whereby both sides benefit, to the maximum extent possible, from the free exchange of good and services.
We live in an actual state of imperfect competition, and thus, things like planning for and encouraging capital intensive long term infrastructure, like energy supply, or investment in RR capacity, in an imperfect market that regulates excess market dominance, is the more realistic "2nd best" outcome we poor consumers can hope for, at least on a good day.
Exports, even of our precious nationalistic bodily fluids (like petroleum?) are as good for everyone as a consumer, as imports, in a free and transparent world market. RR's most certainly may and should benefit from both, as I think they will. Or, at least I certainly hope so, because I confess that I still do hold a tad of Berkshire B.