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Jun. 17th, 2010 07:50 pmThis just has to be shared:
So, over at Simberg's Flying Circus, I'm told that the BP escrow account for the oil spill is extorting twenty billion dollars from a private business as a political slush fund! This is despite the fact that Kenneth Fineburg, the guy who ran the 9/11 compensation, is handling the money. Commenters at The Circus tell me that it's okay if a (government-run) court orders payment after the conclusion of a lawsuit, but anything else is Evil Personified (tm). Of course, the Exxon Valdez lawsuit took 17 years, a fact not mentioned by the commenter.
Here's one of the many, many problems with libertarians: they act as if a multinational corporation is somehow equal to Joe the bait-shack guy. The corporation is not. It's got vastly more power. In a legal dispute, the corporation can simply run out the clock, spending decades and a few millions in lawyers to avoid paying many billions in damages.
Libertarians wonder why people consider them heartless bastards, and don't understand why they can't win elections.
So, over at Simberg's Flying Circus, I'm told that the BP escrow account for the oil spill is extorting twenty billion dollars from a private business as a political slush fund! This is despite the fact that Kenneth Fineburg, the guy who ran the 9/11 compensation, is handling the money. Commenters at The Circus tell me that it's okay if a (government-run) court orders payment after the conclusion of a lawsuit, but anything else is Evil Personified (tm). Of course, the Exxon Valdez lawsuit took 17 years, a fact not mentioned by the commenter.
Here's one of the many, many problems with libertarians: they act as if a multinational corporation is somehow equal to Joe the bait-shack guy. The corporation is not. It's got vastly more power. In a legal dispute, the corporation can simply run out the clock, spending decades and a few millions in lawyers to avoid paying many billions in damages.
Libertarians wonder why people consider them heartless bastards, and don't understand why they can't win elections.
