Then ya lost me.
Over at The Centered Square’s place he’s talking about BP. And for almost. every. single. word. He’s got me.
Is BP an evil corporation, hellbent on purposely destroying the Gulf of Mexico and everything else it can get its capitalist paws on? Hardly.
Finally. We see someone on the Left that is willing to acknowledge that BP is really just trying to make a livin’.
And he keeps on goin’ too:
That’s exactly what we have seen these past months from Toyota. That company made decisions about the design and safety of their vehicles, decisions that will work just fine almost all the time. But not all the time. Same thing in the financial sector: the mortgage-backed derivatives fiasco is another case in point. As long as there is not a massive drop in real estate values, all is well.
Again, fair analysis. Failures are due to occur. Some are natural and some are not:
Enron, the same thing.
Enron was fraud, not a failure of the system.
Anyway, the post is excellent. In life we should contract and/or insure against risk. I do it with my vehicles; I buy insurance against the chance I get into an accident. I do it with construction contractors; if they damage my house or property, they will reimburse me for the damages. Now, part of it is so that I come out whole. If the contractor droops a tree on my son’s bike, they’ll buy me a new bike. The other part of it is so that the contractor is careful to begin with; he doesn’t wanna buy my son a new bike.
And the same should be done with The State and it’s contracted corporations. In the end, the United States government hasn’t the slightest clue on how to make an oil rig safer. And really, the government shouldn’t even try. All we CARE about is that it is, really, safe.
And that’s where I thought Center Square was going:
So, let’s not demonize BP. Let’s understand this as the inherent behavior of pretty much any large business enterprise.
The words were all said so correctly. Right up until they weren’t:
And therefore, let us further understand that, when the decisions of these enterprises have the capacity to wreak havoc far beyond the provincial borders of the corporate suites, it is incumbent on our government to impose intelligent regulatory boundaries on their behavior.
I literally backed away from the screen the conclusion was so wrong.
Knowing that nothing, NOTHING, can be prevented forever, the logical conclusion is to regulate the eventuality into … into … into what? As the Center Square points out so well in his post, there is no eventuality that can be made not to happen, so what, exactly, is regulation going to do to prevent an oil spill? Answer? Nothing. A big fat nothing. Except prevent us from writing a contract with a vendor that protects us from damages. Either by buying us a new fishing industry or making that vendor be safer to begin with.