103 The SocJus folks blaming "capitalism" for the Gulf of Mexico gas leak fail to realise that Pemex (the company responsible) is state-owned and state-run after being nationalised and expropriated by the Mexican government (archive.is) posted 3 years ago by UnsubtleAardvark 3 years ago by UnsubtleAardvark +103 / -0 37 comments share 37 comments share save hide report block hide replies
Capitalism is defined as private ownership. Now when you get into things like government bailouts, or government contracts, then I think you have a good point about whether those companies are truly private, but state capitalism is an oxymoron.