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this post was submitted on 01 Dec 2025
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No Stupid Questions
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No such thing. Ask away!
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Yes and we have a liberal democracy to determine how best to use them. Thankfully, most folks understand that simply nationalizing resources comes with huge reprecussions which greatly outweigh the gains.
Do you have a successful example of your proposal in mind?
A liberal democracy isn't exactly a free democracy. Billionnaires have far more buying power and so the odds are much more in their favour to bribe and corrupt institutions. That is why they like "liberal" democracy and corporate dictatorships.
If you want to understand, then go to one of those US "for profit" prisons. Works well, huh?
Not every liberal democracy is America.
If you want to understand, you might go to Canada where strict campaign finance laws generally reign in billionaires.
Most Oil and Gas reserves remaining in the US are on public land, as is the massive lithium deposit just discovered in southeastern Oregon. Then there are the seabed polymetalic nodules that will be mined sooner or later. There are plenty of opportunities to nationalize natural resources, what is lacking is political will.
Lithium is not nearly as profitable as oil. It costs a huge amount to extract and refine (China has such a chokehold on critical minerals, not because they have so much more but because they've built an incredibly efficient set of supply chains.)
And personally, I am very much not in favour of tearing down what little protected land is left in America. But you will be happy to know that trump strongly agrees with you and is opening up a swathe of public land for oil and gas.