Hi all,

I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.

If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.

Cheers!

  • pingveno@lemmy.mlEnglish
    1·
    1 year ago

    I think you’re misidentifying what’s happening. The petrochemical industry is capitalist in capitalist countries (or not, see Aramco) and communist in communist countries. Communist countries have various arrangements of state owned and run petrochemical industries. There was a petrochemical industry in the USSR. Present day Venezuela has PDVSA, Vietnam has PetroVietnam, and Cuba has CUPET. Laos is a little unclear and North Korea is shrouded in mystery.