Is it me? Am I the only clear-thinking “liberal” remaining? Or is it that I now know that I never really was a liberal, and that the BP gulf disaster has just pointed that out in the clearest terms yet.
I heard Republican senator Joe Barton on NPR this morning saying that the president’s demand for $20 billion in escrow amounts to nothing more than a shakedown, a comment for which he was forced to apologize. While I might choose another word, I’m inclined to agree with the good senator. BP has a responsibility to help, but the burden for paying for the cleanup, helping folks recover from the disastrous economic fallout and ensuring that the practices that caused this mess are never repeated fall on us. Me. You. Us. U.S. We allowed it to happen, and we’ve had and have the power to stop it.
$20 billion promised from BP is absurd on moral, legal and practical terms. What exactly did BP do? Or, put another way, what exactly did BP do that every other major corporation hasn’t been doing at least since the end of WWII?
It’s a multinational corporation. By definition and mandate, a multinational corporation moves across the globe, like a feral virus strain, seeking profits where they can gain purchase and where conditions allow the greatest return on investments. To stretch the analogy, a national government’s role it to act as the host nation’s immune system. Governments are expected to establish safeguards and restrictions to either reject potentially dangerous projects or to regulate, inspect and enforce the safeguards that it deems necessary to protect the health of the host. Read the rest of this entry »