Anarchism
Responding to the Deepwater Horizon disaster
Kevin Carson has a new piece up at the Center for a Stateless Society, In a Truly Free Market, BP Would Be Toast, which argues that without federal regulation limiting liability BP would not only be facing liabilities that “stack up pretty tall against BP’s total equity,” but also that in a genuinely free market the demands of insurers would force companies like BP to take adequate precautions. Kevin is absolutely right in saying that the Gulf spill is not the product of an “unregulated market.” It’s one of the great wonders of the modern world that, with news of […]