Wednesday, June 02, 2010

How Soon Until the Free Market Stops the Oil Spill?

I'm wondering who to blame for this. The list is long, but, in part, I blame anyone who bought into the lines: "government is the problem" and "the era of big government is over." It's been systematic deregulation and the elevation of free market libertarian laissez-faire capitalism that have wrought this damage and allowed potentially destructive corporations to write their own rules and do as they please.

Does anyone seriously believe that BP has suddenly become a philanthropic venture interested in doing whatever it takes -- sparing no expense -- to make the Gulf region whole again? It will do the absolute minimum necessary to weasel its way through this crisis. Not a red cent more.

BP continued its effort to fight regulations in Canada mandating relief wells for every offshore rig.

Forty years of corporate deregulation by conservative Republican Ayn Rand fetishists (and their Democratic enablers) have successfully poisoned the Gulf of Mexico. Ironically, the most liberal pro-regulation president in this same span of time -- the president who has announced on several occasions a significant break from Reagan's "government is the problem" mantra -- appears to be the only politician being blamed for this so far. One of many reasons why I fear it'll be another 40 years before we roll back this free market monster.

And, as I watch this video, the solution occurs to me: they should just plug the oil leak with every single existing copy of Atlas Shrugged.

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