The blog combining two passions most people could give a rat's ass about.

Friday, March 11, 2011

Make them pee blood.

I have a lot of family in the Upper Peninsula of Michigan, and every three years we have a family reunion up there, that has a crazy big bonfire that burns for three days. I actually haven't been up there since I was sixteen, but I'm pretty sure that hasn't changed.
But when I was a teenager we ran out of wood to throw on the fire, so all the males went on an trek into the woods to cut down another tree to throw in there. There were trees everywhere on the property but it took us a while to find the perfect one. We were not looking for the biggest tree. We were looking for the most unhealthy. Part of it I'm sure is because it would burn better with less moisture in it, but what my cousins and I were told was that, we needed to do as little harm to the forest as possible so there will always be a forest for us to get trees from. 
Wall Street doesn't seem to get this. Big Oil doesn't seem to get this. Because they are kicking America while we're down. They are living in a delusional world of infinite growth instead of ebbs and flows, and they are not going to stop until the house of cards falls.

How did we get here? Wall Street and Big Oil have rigged the system so that it is no longer a free market. The house rules have been manipulated to keep the big dogs on top no matter how badly they play. Competition doesn't work as a control when the rules are not the same for everyone or there is cooperation between competition. In a free market you would not see multiple companies each offering nearly identical
bad services.
How do we fix it? The referees need to start doing their jobs. Crack down on price fixing and hold companies accountable. In the case of Big Oil they are somewhat limited on price based on the price of oil which is set outside the country, but they are obviously making more money than should naturally happen in a freemarket with so many companies supposedly competing.
If Obama wants to win re-election he needs to remind them that he has them by the balls. Ethanol and Petroleum are both HEAVILY subsidized. Regulators regularly turn a blind eye to shenanigans. Enviromental law is rarely enforced. The President needs to make them believe that Republicans fear the Tea Party more than they fear being cut off from campaign contributions. Make them believe that Democrats fear Twitter and Facebook more than traditional media.
We are only in this for as long as it takes our elected representatives to realize that we are no longer just complaining, we're ready to do something about it.

No comments:

Post a Comment