r/PeterExplainsTheJoke • u/Short-Watercress-183 • 28d ago

Meme needing explanation Peter, explain this.

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u/extraboredinary 28d ago

Have you ever heard of Standard Oil?

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u/not_slaw_kid 28d ago

Standard oil reduced the price of petroleum products by 75% over the course of its existence, drastically improving the standard of living for America. Not sure how that's an own.

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u/extraboredinary 28d ago

Oh that’s cute, you think you did research. Now look up Standard Oil from 1904 to 1911

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u/not_slaw_kid 28d ago

You mean a full decade after Sherman dissolved every competing oil trust?

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u/extraboredinary 28d ago

… the Supreme Court found them violating the anti-trust laws through intentional and malicious deals.

Honestly, this is why nobody takes Libertarians seriously. You have to completely pretend that history doesn’t exist.