Those who can't afford good lawyers?
Reader comment on: Keith Hennessey on Oil Drilling Safety
in response to reader comment: Why have environmental laws
Submitted by ben (United States), Jun 17, 2010 20:53
This is the problem that libertarianism inevitably runs into. The little guy gets the shaft. Those with power maintain it and grow it, those without power lose what little they have. Libertarianism is often the illusion of the liberty. Having a small/inactive government benefits those who have power, having a larger more robust government can help round the rough edges of capitalism. There is no effective counterweight to a large corporation such as BP other than government.
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The Future of Capitalism replies:
It seems to me that the little guy often gets a bad deal under the non-libertarian system we have now, in which Goldman Sachs gets bailed out, the energy companies that hire Brownstein Hyatt get subsidies, Bruce Ratner gets subsidies for Atlantic Yards and George Steinbrenner for Yankee stadium, etc. etc. The more power you centralize in government the more goodies and favors for the politicians to dispense to the powerful campaign donors and lobbyist-hirers.
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