Tuesday, May 5, 2009

Areas of Corruption

Building on to what Justin and Kyle said, I believe that the low populations in these oil-rich regions creates a huge gap between the rich and poor. Kyle mentioned that the heads of oil companies are in a state of huge monopoly because of this great location. I agree with this, but from a different perspective the monopoly from the oil industry seems to also give the oil company owners much power over the rest of the population.  Justin brought up the idea of having a denser population in these regions to solve the problem.  This is an interesting thought, however, I was thinking that having more regulations over the oil industries would promote a more fair market.  Consequently, this would give more rights and higher to the workers, lessening the gap between the rich and poor.  Often times, these huge industries use their money to have much more influence over the law. Regulating these companies would rid corruption, allowing the poorer, vast majority of the population to have an increased standard of living.

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