To: ChurtleDawg; reasonisfaith
In pure capitalism, the oil company would be the owner of whatever oil it drills, and the profits made would be shared among the shareholders.
You had a small point up to here, and then your logic simply fell apart.
Capitalism does not require an Oil Company to be the owner of whatever oil it drills, anybody can be the owner of that resource.
To: SoConPubbie
true. In a purely capitalist model, however, there would be no publicly (collectively) owned lands or resources. They would have to pay a landowner or if no one owned the land, set up shop and drill for free.
If I am not mistaken, since the resources are “collectively” owned, even if this was on oil company land or other private property, the company would still have to pay the citizens of Alaska
101 posted on
08/18/2011 9:32:25 PM PDT by
ChurtleDawg
(voting only encourages them)
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