Quote:
Originally Posted by u-Bob
Exactly, the problem here isn't that companies want to make money, the real problem is that government interference in the economy (limited liability etc) created a situation where companies have no reason the prevent problems.
The solution to the problem is: less government. In a free market system, in a pure capitalist system, companies would be liable for 100% (or more) of the damages caused.... a clear incentive to care about safety.
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Your idea is spot on...
The problem is that the oil companies lobbied for the same laws that put caps on their liability.
Corporations love regulation when it benefits them and hate it when it hinders them. This BP spill is a perfect example.
It's a giant fucking mess that needs a lot of unraveling.