The petro-states most impacted by the blockade are all monarchies. The idea that the problem is that this blockade wasn’t planned for by short sighted CEOs is fucking stupid.

The impact on most of the world is slightly increased oil prices. A sudden decrease in oil supply is exactly the sort of problem that markets are good at solving - the main result is that companies will search for cheaper ways to get their products to market and will shunt resources to less oil-dependent products, while individuals drive personal motor vehicles less and switch to walking, cycling, transit, carpooling, or staying close to home. Ie, we already have a backup plan in place. Every somewhat-competently-run nation will simply tighten its belt a little, maybe increase investment in renewables, and soldier on like they have through every other economic downturn. There will, of course, be impacts on people - but the country will not collapse, governments will not be overthrown, food and water and shelter will still be widely available and easily accessible to almost everyone.

Of course, in response to this you may say that the impacts will be severe, especially on working people in places like the United States where greedy corporate interests tore up the street car lines, forced everyone into auto-dependent suburbs, and lobbied the government for pro-oil-dependency legislation - which is all true. But which is also a project that took decades. Which is a weird thing if your thesis is that corporations only make actions with the next quarter’s profits in mind. I’m not saying corporations aren’t evil - I’m just saying, if they spent all that time and money influencing elections and building coalitions and passing laws, then they are clearly capable of long term planning - like telling the politicians they have in their pockets to ensure political stability in the Straight of Hormuz region.

Meanwhile, the blockade is having a direct, immediate impact on petro-state monarchs, who are not going to ditch their companies with a golden parachute the moment things get hard. If anyone would have an interest in looking ahead and planning for contingencies if the Straight would be blockaded, it would be these people - fabulously wealthy and powerful, with the export of oil directly flowing to them and their families. If the problem you have with capitalism is that it doesn’t look ahead enough, then monarchs who pass laws and whose genetic lineages directly benefit from those laws should be your prime example of governments that take the long view. And yet, they don’t seem to have a great plan either, other than “pay the toll and hope Israel genocides the Iranians next.”

So is this because the evil capitalists don’t think far enough ahead? No! Not everything is because capitalism is evil. Sometimes stupid bullshit just happens, because that’s life.