Tomorrow, I will meet with the chairman of BP and inform him that he is to set aside whatever resources are required to compensate the workers and business owners who have been harmed as a result of his company’s recklessness. And this fund will not be controlled by BP. In order to ensure that all legitimate claims are paid out in a fair and timely manner, the account must and will be administered by an independent third party.
We shall see how cooperative Buccaneer Petroleum turns out to be. I have little faith that they deal in good faith.
If Buccaneer Petroleum dealt in good faith, this would not have happened.
Whatever other lessons can be drawn from this, the first one is that the free hand of the market is actually the dead hand of the market. It deals death.
Corporate rapine is not the answer, no matter what the question.