Reply #90: This never would have happened if big oil had been nationalized [View All]

If big oil was state run there would obviously be far more stringent saftey and precautionary standards in place to prevent any and all environmental disasters. Corporations always lack perfect information when it comes to assessing risk on top of that they obviously willingly subject themselves to catastrophe, disaster and absolute PR nightmares because they pursue profits above all else no matter how much money it costs them. Government on the other hand, particularly democratic governments always have perfect information and never let popular sentiments and politics interfer in the management of state run institutions. Additionally, because governments have the benefit of hindsight due to perfect information, any blunder privately run industry makes, we can be assured that publically run industry will never make those mistakes. For example, look at the track record of fully nationalized no existent state run big oil in the United States, it's perfect compared to private industry. Therefore you can be sure that I'm not simply contorting this environmental disaster to fit and promote my intellectually bankrupt and absurd ideology. From this it logically follows that we should nationalize Wall St. With nationalized industry nothing bad will happen ever.

see what I did there? :eyes: :eyes: :eyes:

I swear to fucking god I think a good part of DU is convinced these are the people that run BP