Jun 2, 2008
Did you ever wonder why the auto bosses don’t push Congress to rein in oil prices since they are obviously affecting their sales?
Because the auto bosses are part of the problem. Owners of industry are the very people who are taking the profits made in their factories and production and throwing them into the speculation on Wall Street – driving up the price of oil, for example, or housing before that.
There’s more than one way for a capitalist to skin a cat.