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Old 06-05-2010, 05:30 PM
 
18,820 posts, read 8,336,566 times
Reputation: 5934
Default Self-Regulation in the Corporate State

Some will defend BP in the name of the “free market” or minimize the event, protesting that the Obama administration’s remedial measures will “undermine our capitalist system.” Meanwhile, the “progressive” statists will declare that once again the free market has failed. The respective bases will be rallied.

Corporatist System

But BP’s defenders and statist critics both have it wrong. This is not the story of a well-meaning or negligent firm operating in the free market. Negligent or not, BP is a player in a corporatist system that for generations has featured a close relationship between government and major business firms...

Republican or Democratic, energy policy is not made without oil industry input
.

“Putting profits before people” is a feature of state, or crony, capitalism not the free market.

Self-Regulation in the Corporate State: The BP Spill | The Freeman | Ideas On Liberty
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Old 06-05-2010, 07:47 PM
 
Location: Columbus
4,879 posts, read 2,146,429 times
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Quote:
Originally Posted by sickofnyc View Post
Some will defend BP in the name of the “free market” or minimize the event, protesting that the Obama administration’s remedial measures will “undermine our capitalist system.” Meanwhile, the “progressive” statists will declare that once again the free market has failed. The respective bases will be rallied.

Corporatist System

But BP’s defenders and statist critics both have it wrong. This is not the story of a well-meaning or negligent firm operating in the free market. Negligent or not, BP is a player in a corporatist system that for generations has featured a close relationship between government and major business firms...

Republican or Democratic, energy policy is not made without oil industry input.

“Putting profits before people” is a feature of state, or crony, capitalism not the free market.

Self-Regulation in the Corporate State: The BP Spill | The Freeman | Ideas On Liberty
I'm a big capatilist and an anti-government type. I must say though BP ****ed this up. It's getting pretty obvious they lie about everything.

British? Watcha gonna do?

They have an obligation to start some type of clean-up right now. It's ridiculous they let all this oil come ashore. And it is obvious they are lying about the clean-up "efforts".

That being said, I still don't think you can say all capitalists are bad. Or are just looking out for profits. This is gonna cost BP way more money than if they had just cleaned it up in the first place.
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