Who Killed The Electric Car?
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     davkell
Member
Username: davkell
Post Number: 520
Registered: 07-2004
Rating: N/A
Votes: 0
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| | Saturday, July 07, 2007 - 11:42 pm: |  
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I've just watched this documentary. And it is truly an amazing story. Along the same story lines of the documentary "An Inconvenient Truth" I thoroughly recommend anyone that hasn't seen these doco's, that they go out a hire or buy a copy right away.
The electric car shown in this doco is the future I imagined as a child (accept I imaging them flying, but that's the next step hey!), and these oil lovers had the damn car shredded.
We as traders, follow all the companies, follow the money.... this story shows the demise of a vehicle that could stop the global warming problem in its tracks, but it has been stopped by corporate profits. But, if all the oil related companies go broke because of an electric revolution, the old money will just be spent on new companies/technology, so what is the problem?
"Trade Your Way To Financial Freedom" - Van K Tharp
"Manage the downside; the upside will take care of itself" - Donald Trump
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hilarius
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Username: hilarius
Post Number: 2463
Registered: 04-2004
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| | Sunday, July 08, 2007 - 11:24 am: |
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Davkell
Free market theory says that anything the market decides is right
So how can the market be wrong?
Hilarius
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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davkell
Member
Username: davkell
Post Number: 521
Registered: 07-2004
Rating: N/A
Votes: 0
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| | Sunday, July 08, 2007 - 11:30 am: |
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Sorry, I'm missing your point H. Can you clarify?
"Trade Your Way To Financial Freedom" - Van K Tharp
"Manage the downside; the upside will take care of itself" - Donald Trump
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hilarius
Member
Username: hilarius
Post Number: 2464
Registered: 04-2004
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Votes: 0
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| | Sunday, July 08, 2007 - 11:46 am: |
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If the market is never wrong, we ought never to question what the market decides?
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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davkell
Member
Username: davkell
Post Number: 522
Registered: 07-2004
Rating: N/A
Votes: 0
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| | Sunday, July 08, 2007 - 07:55 pm: |
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See, I think you may be missing the point. This wasn't about markets being wrong or right. This was about oil coglomerates using their power and wealth to unfairly influence government and big business into squashing what may have been the demise of the oil business. And the dollars say it all: 1.6 trillion of oil still in the ground, and all the associated oil business. Plus, all the wars that are arguably over oil, generate trillions in war dollars.
Who cares about the health of the earth, when there is dollars to be made?
"Trade Your Way To Financial Freedom" - Van K Tharp
"Manage the downside; the upside will take care of itself" - Donald Trump
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hilarius
Member
Username: hilarius
Post Number: 2465
Registered: 04-2004
Rating: N/A
Votes: 0
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| | Sunday, July 08, 2007 - 08:42 pm: |
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Davkell
I actually agree with you
There is a popular view that totally free market forces never err
This would mean that the Mafia, Robber Barons and Genocidal Maniacs would have more than equal rights
I don't think they should have any rights to live in freedom, given their corrupt influence & homicidal nature
If that is true in these extreme cases, then there must be other degrees of market behaviour that ought to be impermissible because of their harmful effects
Ultimately these are moral questions as much as economic
With Best Wishes
Hilarius
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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