In a free market, there might not be such a mess to deal with in the gulf. With companies bearing all the risk — and not being rewarded for taking economically unsound actions — there would have been far less activity in deep waters.
Matthew J. Novak
Dr. Matthew J. Novak works in the technology sector for a capital equipment manufacturer in Arizona, USA.
Latest work
Some groups are losing a lot of money right now. The current news regarding the commercial-real-estate market in New York City is an indicator of the big-city result of "irrational exuberance" in commercial real estate.
Through your commentary, you provide intellectual cover for a system and structure of power that does not deserve your support. Would you consider that the truth may be vastly different from what you have come to accept as fact? Government's role in regulating this system of human interactions has grown to enormous proportions. Because of this, we have had a system operating in America for some time now that cannot even remotely be described as free-market capitalism.