"Greed is good." -- Gordon Gekko
Corporate minds call it free enterprise.
Customers call it greed.
Meanwhile, people wonder why journalists are cynical.
These thoughts come to mind as gasoline prices soar to nearly $5 per gallon, and corporate speakers blame it on the problems in Ukraine, which they insist affects international trade in general and the oil industry in particular.
As if an event today instantly affects the value of crude oil that has not yet been pumped out of the ground or is in a tanker ship on its way to another country.
A similar event is the price of bread, which is made from wheat that was harvested weeks ago and future loaves will be made from grain that has not yet been harvested, whether the crop is in America or in Ukraine.
Those who defend the free enterprise system insist they must plan ahead to deal with events that may (or may not) happen at some time in the (distant?) future.
But if it turns out that the unforeseen event they insist must be planned for does not happen, can we assume that the price hike boosted currently will be reduced?
Assume not, lest ye be labeled with the first part of that word.
Corporate minds call it free enterprise.
Customers call it greed.
Meanwhile, people wonder why journalists are cynical.
These thoughts come to mind as gasoline prices soar to nearly $5 per gallon, and corporate speakers blame it on the problems in Ukraine, which they insist affects international trade in general and the oil industry in particular.
As if an event today instantly affects the value of crude oil that has not yet been pumped out of the ground or is in a tanker ship on its way to another country.
A similar event is the price of bread, which is made from wheat that was harvested weeks ago and future loaves will be made from grain that has not yet been harvested, whether the crop is in America or in Ukraine.
Those who defend the free enterprise system insist they must plan ahead to deal with events that may (or may not) happen at some time in the (distant?) future.
But if it turns out that the unforeseen event they insist must be planned for does not happen, can we assume that the price hike boosted currently will be reduced?
Assume not, lest ye be labeled with the first part of that word.
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