Jan 9
5 min read
Failed Models
This piece is especially directed toward those who are always raging mindlessly about the “free market”.
The Saudi Oil Minister says global oil production could plunge 30% in the next decade if investors don’t put up more money. Of course, the oil industry is the fourth most profitable industry in the world in 2021.
What I have to say is that any business that has existed for decades and needs more outside investment is a failed business model but I will come back to that point.
