Corporations are not Free Market

BP's "categorical exclusion":
http://www.washingtonpost.com/wp-dyn/content/article/2010/05/04/AR20100504041...

"The decision by the department's Minerals Management Service (MMS) to give BP's lease at Deepwater Horizon a "categorical exclusion" from the National Environmental Policy Act (NEPA) on April 6, 2009 -- and BP's lobbying efforts just 11 days before the explosion to expand those exemptions -- show that neither federal regulators nor the company anticipated an accident of the scale of the one unfolding in the gulf."

Government Seeks to Change the Law after the fact:
http://www.msnbc.msn.com/id/36933743/ns/us_news-environment/t/raise-bp-liabil...
Although, it is made clear in the article that BP would either 'voluntarily' pay or be forced to pay regardless of whether the law was changed or not.


Music - "Making the Bombs" by the Circle Jerks

Category:

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Tags:

• BP
• corporate
• greed
• wall
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• obama
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• rand
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• bailout
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• capitalism

[ggadguy]

Corporations also benefit from massive subsidies that come from the government. Corporations get massive tax loopholes again from the government. Corporations also write the government regulations with their corporate lobbyists. Corporations are NOT free market. A free market would have no corporations.

[LifeIsPietzsche]

@ggadguy Very true, government action not only give corporations an added advantage through the structure of liability, but through tax and regulatory loopholes that serve as barriers to entry.

[ddd1600]

You meant to say "publicly owned corporations are not the free market", which is still wrong. The owners of a (publicly owned) company are its shareholders, whether they know what they are doing or not. By "freedom", I suppose its because you think that "rights" to "property" are "bullshit", viz. you are retarded. RIQ---

[LifeIsPietzsche]

@ddd1600 No, the structure of liabilities of today's corporations are designed wholly by the state, that is what I mean when I say that corporations aren't free market, did you listen to a word that was said in the video?? The 'shareholder' system allowing ownership without liability is a product of state laws by fiat, there is little in the ownership structure of corporations that is a result of voluntary interaction. I didn't say a word about property rights or ownership rights in the video.

[ForAVoluntarySociety]

Good work LifeIsPietzsche