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Beyond Santorumesque

I turn off a light and say, ‘Take that Iran’ and “Take that, Venezuela.’ We should not be sending our money to people who are not going to support our values. ~Hillary Clinton I can picture HRC getting really excited about this as she walks through her house.  Perhaps she also gets a kick out of denouncing Nigeria […]

I turn off a light and say, ‘Take that Iran’ and “Take that, Venezuela.’ We should not be sending our money to people who are not going to support our values. ~Hillary Clinton

I can picture HRC getting really excited about this as she walks through her house.  Perhaps she also gets a kick out of denouncing Nigeria by not using her hair dryer, or enjoys mocking the Mexicans when she buys a hybrid.  As has been pointed out by others, ceasing consumption of a fungible commodity for which there is particularly inflexible demand, such as oil, does not significantly affect the price and so cannot “punish” oil-producing countries that have governments that you dislike.  Especially in a heavily cartelised industry, such as oil production and export, price is dictated somewhat more by the producers in collusion with one another and somewhat less by the market.  In theory, OPEC could ramp up prices to $100 per barrel by slowing production or arbitrarily withholding exports, but they have little interest in precipitating global economic meltdown.  Divestment from the companies that do business with such governments is just as ineffective as this boycotting, since selling your shares in the “tainted” companies simply creates a buying opportunity for all those investors who are not so burdened by fairly fake moral dilemmas (this would be most investors).

By the way, how pathetic have “centrist” Democrats become that they feel obliged to join the looney jingo fringe in vilifying Venezuela as a major foe?

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