tangledwing,
@tangledwing@ohai.social avatar

@Hypx The existence of petrostates - most GDP from FF, is not necessarily incompatible with free market principles, they can still have private sector activity and trade. However, the dominance of the state in the oil/gas sector and the use of subsidies and other interventions distort the free market. Not always a negative. Subsidies, not always bad. They can be a way to nudge businesses, to say, improve environmental practices.

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