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Apples, oranges and oil markets - Comic

Friday, 25 July 2008

Ruben Bolling presents a brilliant analysis of the free market in his long running comic series: Tom the Dancing Bug (after the fold).

  • Adam Smith's "invisible hand " metaphor for the seeming utility maximizing order emerging from the free market is taken to the logical extreme. 
  • Of course, the increase in oil prices ends up acting like a carbon tax on demand, except that the oil companies that still have the same costs of production reap the reward of rising oil prices. In other words, instead of a carbon tax providing funding for alternative energy sources, the oil companies and their shareholders share the benefits of rising oil prices.
  • ...too heavy...maybe the point is that economics and free markets are less realistic than a comic...enjoy the comic below the fold:

tdboil.gif

I love the broken arrow between global warming and the U.S. government! 

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3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."





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