(See PRAGER U’s PLAYLIST) Here is an excerpt that the above video compliments.
It is a hallmark of socialist governments everywhere to nationalize heavy industries like petroleum, and, in the process, turn them into government-supervised environmental criminals unaccountable to property owners and consumers. For example, when privately owned British Petroleum (BP) caused an accidental oil spill in the Gulf of Mexico, it immediately established a $20 billion fund to pay future claims of damages and did everything it could to clean up the mess. It had legal obligations and its corporate reputation at stake. When the Mexican government’s oil company, Pemex, causes an oil spill in the Gulf of Mexico—and there have been many—it claims “sovereign immunity” from any legal damages. In the first five months of 2015, Pemex was responsible for three catastrophic oil rig explosions in the Gulf of Mexico that caused several deaths, numerous injuries to oil platform workers, and generated air and water pollution. Pemex claimed that the explosions caused no oil spill, but satellite images taken by Greenpeace Mexico showed a two-and-a-half-mile long oil slick reaching from the exploded oil platform. “Pemex has proven time and time again that you cannot trust their statements,” said Gustavo Ampugnani of Greenpeace Mexico.
The United States is not immune from socialist-d riven environmental problems. Many utility companies, for example, are government-owned with less than stellar results. In 2015, to take just one recent example, the people of Flint, Michigan, were alerted to a fright-cuing environmental debacle. The city government, supposedly in an effort to save money, switched its city’s water supply from Lake Huron to the Flint River, despite the fact that the Flint River had long been known to be extraordinarily polluted. The Flint city government (and the state’s Department of Environmental Quality, according to a class action lawsuit) failed to properly treat water from the Flint River. The result was that city residents drank and bathed in water full of lead and other dangerous chemicals.
For many intellectuals, the attraction of socialism is that it is “rational”; it is a “planned” economy, planned by people like them. In reality, the environmental and economic results of socialism are a litany of disaster.
Thomas J. DiLorenzo, The Problem with Socialism (New Jersey, NJ: Regnery, 2016), 120-121.