Peak Oil and Decentralization
Monday, July 7th, 2008One of the central functions of government under state capitalism is to subsidize the inputs to large-scale business enterprise, like energy and transportation. The railroad land grants, the civil aviation system and jumbo jet industry created almost entirely at government expense, the Interstate Highway System, a foreign policy aimed at providing cheap and abundant oil for the American economy… all these things have a massive distorting effect in favor of large scale organization and economic centralization.