Am I just not understanding you correctly or are you trying to argue that the PFD is not socialism?
“without the PFD being created the oil companies would have just had bigger profits and would have given it to their shareholders”
Isn’t that what capitalism is supposed to be about? Taking money from the companies and shareholders and giving it away is socialism.
The pipeline runs across both federal and state lands and Valdez has huge infrastructure for handling the supertankers. So in several ways the state of Alaska (the people) is a major stakeholder in the oil companies. So it is really capitalism but without seeing the interconnection it would look like socialism.IMHO.