BP, Government and the legal case
By urbandekay
@urbandekay (18278)
May 4, 2010 4:30pm CST
Let's imagine a catastrophe such as the present oil spill of the coast of America, now make it 10 or more times worse. The US government takes the company responsible to court but the company is a fabulously rich global concern and fight the case. Now we all know who pays the most gets the best lawyers and usually wins or at leasts delays the verdict. But this catastrophe is so large the claim so big and the global company so rich and powerful that they tie the system up in knots to the point where the Government is effectively bankrupted by the court case.
Seems to me it is only a matter of time before such a scenario unfolds and governments loose all control over big businesses, heaven help us then
all the best urban
3 people like this
7 responses
@thegreatdebater (7316)
• United States
5 May 10
The sad part of this is that this country allowed Exxon/Mobil to get away with paying only a fraction of what they were suppose to pay. Now, I am sure that BP lawyers are already looking at that case, and contacting Exxon to see how they got out of paying hundreds of millions. BP will get the normal slap on the wrist, a large public fine, that will be reduced on December 24 of some year, so no one sees it (like the Exxon case), and drilling will continue as if nothing happened. What Americans need to understand is that this country is now run by the corporations, not the people. Until we stand up, and force the corporations out of our political system, corruption like this will continue. AND IT WILL BE OUR FAULT!!!!
2 people like this
@lilwonders456 (8214)
• United States
5 May 10
You mean like when congress went after Bill Gates and he basically ignored them? That should have told us all something right then.
As for BP. Lets be honest...it has to be cleaned up. Our government will do it. BP will pay out....but probly ALL the costs. We tax payers will end up eating the cost of some of it.
What we have right now is NOT capitalism...it is corporatism. There is a BIG difference between the two. Corporations own our government right now. Bought and paid for. That needs to be stopped. Got any ideas on how to do it that Washington will actually listen to? I would love to stop corporations, and lobbyists from being involved in our government. But our elected officials seem to be in no rush to kick them out. They love their money tooo much.
1 person likes this
@thegreatdebater (7316)
• United States
5 May 10
I agree 100% with you LIL. We have got to take the money, and the influence out of our government, but no one know how. The supreme court ruling made it even worse when they came out and basically said that corporations could buy government officials. The only way to change this country, is to get the money out of politics. But, good luck doing that.
@urbandekay (18278)
•
5 May 10
Well, such 'corporatism' as you call it is an inevitable consequence of capitalism in a global economy. Stopping lobbyists, etc, won't have much effect, you have to remember that politicians have shares in companies and therefore have a vested interest in their success
all the best urban
@laglen (19759)
• United States
5 May 10
Well, the current issue, that business is ready and willing to pay. The US Government is trying to make it worse than it is, but BP has said from the beginning they will pay claims from fishing boats and any body directly affected. They have also been meeting any and all demands immediately trying to fix the problem.
Now the scenario you say of course is possible. I wouldnt be at all surprised if the Government went bankrupt even though they have the power to change the laws to suit them.

@urbandekay (18278)
•
5 May 10
Realistic, I am not sure what you mean. If a company held to be liable at law for an accident then all that suffer loss of any kind as a result are owed compensation. And that should include consumers.
all the best urban
1 person likes this
@urbandekay (18278)
•
5 May 10
And will BP compensate people for the increased price of fish,loss of amenity, etc?
all the best urban
1 person likes this

@EvanHunter (4026)
• United States
5 May 10
It has already happened. Look at what happened when California passed the clean air act auto companies complied and produced electric cars just long enough to fight it and threaten the state with so many legal actions it would have driven the state bankrupt and they finally backed down from the automotive/oil industry and all the cars leases pulled and were shredded and scrapped. Big business is out of control in this country have usurped the rights of the individuals.
@cobrateacher (8432)
• United States
4 May 10
Hi, Urban!
I can't tell you how easily I see this sort of thing occurring, and all of us virtually going down with the ship. Off-shore drilling has just been approved off Florida, where I live, and it's truly frightening! Our beautiful coastline could be so easily destroyed. Even now, we're expecting quite a bit of trouble from the oil spill that's still quite far away.
When I heard President Obama say that the whole thing is BP's fault, and BP will have to pay for it, I thought immediately what a huge cost this battle would require. The economy is already a mess. Newscasters have been telling us to expect gas prices to soar, and seafood has become prohibitively expensive in the past week or so. Add court costs, attorney costs, etc., and the idea of a bankrupt nation full of poverty-stricken Americans is not at all unrealistic!
1 person likes this
@urbandekay (18278)
•
5 May 10
So how should/could governments combat the power of global businesses?
all the best urban
@irishidid (8687)
• United States
5 May 10
The response time shouldn't have taken so long and why was the plan produced by the federal agencies not followed immediately? Blame it on BP, fine but let's not forget the federal government also lies at fault. Why was the government not prepared for this?
http://blog.al.com/live/2010/05/fire_boom_oil_spill_raines.html








