Sunday, March 26, 2023

Corperate power

It is often said, because its true, that big business has a lot of power when it comes to determining government policy. Take the example of Venezuela. When Venezuela nationalized the oil industry it left many American companies high and dry. The money these companies lost was considerable so Biden made an agreement with Venezuela which allowed them to sell oil but the profits had to go to repay American companies. Many were bewildered as to why Biden preferred dirty Venezuela oil over clean US oil and that is the reason. He took a political hit to help out the oil companies and that shows the power they have. After that they can continue to sell and keep the profits. The US will not buy from them but there will be plenty of customers around the world.

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