I strongly dissagree with your conclusi0n that democratic societies are doomed to fail.
We’ve had laws to address this sort of thing.
When dealing with other nations, we’ve had anti-dumping statutes and tariffs are an effective deterrent and cure.
I think we have laws on the books that prevent the US from participating in an oligopoly. So I’m not sure what Trump is doing agreeing to limit US production. Tariffs are the right way to go.
Internally, we have anti-trust laws that prevent you from selling a product below cost in order to drive your competition out of business.
1. Are high oil prices good or bad for the U.S.?
2. Is it legal (domestically or internationally) to engage in blatant price-rigging the way this administration is proposing?
I think we have laws on the books that prevent the US from participating in an oligopoly.
That's a good point. Is a trade agreement an indirect form of establishing an oligopoly?