Record oil price hikes: People must rage against neoliberalism
Record oil price hikes: People must rage against neoliberalism
Should we just hang on and allow the “forces of the free market to do their thing” like we are told?
By Arnold Padilla
Nearly three decades ago, neoliberal apologists, multilateral creditors, and the big oil companies peddled the lie of the Oil Deregulation Law that the so-called free market will ensure reasonable pump prices for the benefit of all. Today, that free market is telling the jeepney drivers, farmers and fishers, ordinary motorists, and households to endure the most significant oil price hikes in the country’s history.
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