You've heard all about the BP oil spill, on TV and online, in the business and environmental and political news. Well, guess what? The Republican Party and the TEA Party are loudly defending the sovereign right of BP's corporate raider owners to destroy whatever the hell they damn well feel like, in the name of the "free market". The problem with BP is that the "free market" is hardly free at all. The problem is corporatism.
Corporatism, a form of synarchism, is socialism for giant corporations and the financial elite. Its core policy consists of privatizing profit while socializing risk and harm. To that purpose, the government enacts protectionist laws to restrict competition. Private business is completely embedded in government and should be considered a branch of government.
Yes, free markets exist, even in America. But the oil industry is not one of them. It is controlled by a corporatist monopoly cartel, some of whose members (most notably ARAMCO) are owned by fundamentalist Islamic dictatorships and absolute monarchies.
Corporatism requires state socialism in order to prevent competition. But competition is the lifeblood of any true free market. No free competition means no free market. The oil cartel bought the US presidency for Enron executive George W. Bush with corporatist state socialism as its mandate to him. He corporatized the US government faithfully, going so far as to use the US armed forces as the cartel's mercenaries to pirate the oil from Iraq, Afghanistan, and soon (and this will be faithfully carried out by future corporate lawyer Barack Obama) Iran.
Chernobyl was the inevitable result of Russian state socialism under the Soviet Union. I've heard tweets that the BP disaster is Obama's Hurricane Katrina. It is not. It is American corporatism's Chernobyl. It is destroying the Gulf of Mexico and the Caribbean Sea the same way that nuclear meltdown destroyed a corner of Ukraine. It's not just BP that's to blame. The entire oil cartel, the US government, the irresponsible financial elite, and the entire system of corporatism are to blame. The bad karma is theirs, and that of their "populist" apologists for corporate dictatorship.
Chernobyl was the omen of Communism's collapse. The BP oil disaster, the American Chernobyl, is the same thing. Soon American Corporatism will follow Russian Communism into the trash compactor of history.
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