Tuesday, June 22, 2010

The Free Market's Not Fixing the Mess in the Gulf Either

Re: "Faith-based government," from the June 20th edition of the Augusta Chronicle editorial page.

Michael Ryan unfairly criticizes the concept (supposedly favored by President Obama) that government can help people and solve problems by noting some examples of government inefficiency in its efforts to clean up the oil spill mess in the gulf.

This criticism is asinine. I don't see the free market cleaning up this mess. There's no profit to be made by cleaning up the oil spill, demonstrating a clear example of free market failure.

In fact it was the free market that created this mess. The free market in America which demands lots of cheap energy created the need to drill for oil offshore--a disaster. The cost of the damage from this oil spill probably rivals or surpasses the profits made by all the offshore oil wells in America. Moreover, if it wasn't for the federal government, there would be no clean up effort at all. BP would not face any fines, and they would be doing nothing, other than trying to salvage the operation for their own profits. Even more oil than now would be destroying the environment.

So yes, the federal government may be inefficient, but without it there would be chaotic anarchy, and this kind of situation would be much worse. Without government regulations, the Gulf of Mexico would've become a toxic dead lake decades ago.

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