Tea Party & Republican Zealots &
ALL Big Business Despise Government Regulation. They call it "Interference
with Free Enterprise." They call it "Unconstitutional Gov't Intrusion
into the Private Sector." They call it "Detrimental to the Economy and to
Private Enterprise." They Vehemently Proclaim "No
Regulation is Necessary Because 'Free Enterprise' Self-regulates in a Free
Economy." Thus they clamor for a "Gov't Hands-off" Policy that is
tantamount to 'deregulation.' It's the ages-old farcical scenario of the fox
wanting to 'guard' the henhouse on its own, with no outside interference.
Now Take a Good Hard Look at What Happens
When They Have Their Way and Decide For Yourself Whether the Costs of "NO" Gov't
Regulation well-exceed the Costs of Regulation. When you are done looking at the
reams of evidence it should become obvious that Self-regulation is simply NOT
working. In fact, like Government regulation, it scarcely exists. And we are now
seeing how tremendously costly and damaging this is to our economy, our
environment and our well-being.
What Republicans need to keep in mind is
that when Business and Corporate Enterprise acts irresponsibly and damages the
environment or the economy, our Government always
ends up footing the bill. And that should strike
terror in the hearts of every 'true' Republican who is militant about the U.S.
Government being "fiscally responsible" with its limited financial resources.
Here now is just a sampling of the reams of evidence showing the
desperate need for strict Gov't regulation of Big Business.
CNN Report: U.S Gov't
Agency "Minerals Management Service" Gone Bad
Evidence showing MMS is "too
cozy with the industries it regulates."
Most infamous example, a 2008 report
from the Interior Department's
inspector-general found MMS employees received
improper gifts from
energy industry representatives and engaged in illegal
drug use and
inappropriate sexual relations with them.
http://www.cnn.com/2010/US/05/18/gulf.oil.spill.main/index.html?hpt=T1
CNN Report - BP Gulf
Coast Oil Spill - BP Vehemently Opposed
Gov't Regs that Would Have Prevented
Spill:
CNN Report - VBS
Report - Environmental Crisis in Italy
What Happens When
Government
Fails to Regulate Big Business:
VBS Report Part
1
Italy: Yet
Another Environmental Catastrophe
Take a Good Look at What Happens When Gov't
Does NOT
Totally Regulate Big Business:
Monday, May 10, 2010
VBS Report Part
2
Italy: Yet
Another Environmental Catastrophe
Take a Good Look at What Happens When Gov't
Does NOT
Totally Regulate Big Business:
Monday, May 10, 2010
SUMMARY
The bedrock purpose, function and objective of Business and Corporate Enterprise is to "Increase Profits in Perpetuity." To that end they shift the costs, the risks and the consequences to others, in order to optimize those objectives. It's the ultimate "Dream Scheme" scenario for Business and Corporate Enterprise - "Skyrocketing Profits and Zero Liability - Zero Responsibility." And they maintain massive 'Legal Departments' that work over-time to optimize and actualize those bedrock objects.
Because of this inherent nature of Business and Corporate Enterprise there is, in reality, no incentive for them to self-regulate themselves, other than as described above, to optimize profits. For this reason, Government Regulation is vital, to protect the public, the environment and the nation's interests in a healthy, stable, workable, Sustainable economic environment.
But Government Regulation, in itself, is not enough. Those regulators must be free of the influences and pressures brought to bear on them by the political influence of those they are supposed to be regulating. When they become "captured" by those influences they become 'farce' regulators -- a meaningless, toothless PRETENSE of regulation, as demonstrated in most of the above stories.
Most people would have no difficulty at all conceding that government regulation of traffic and enforcement of traffic rules is absolutely essential to facilitate a safe and orderly transit of roads and highways, and to prevent the lawless chaos and bedlam that would otherwise make transit hazardous. And that is precisely why Government Regulation of Business and Corporate Enterprise is so vital to the health and wefare of the public. So it cannot be over-stressed that Republicans must remember when Business and Corporate Enterprise acts irresponsibly and damages the environment or the economy, our Government always ends up paying the tab. That SHOULD send cold chills up the spine of every devout Republican.
Sincerely,
G. Bruce
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