The Gulf Oil Spill Illustrates a Corrupt Regulatory System

On the Commons criticizes the policy of 'enclosure' that has allowed "the systemic failures of the regulatory system and its political sponsors, Congress and the President," to go unnoticed.

David Bollier argues that the "corporate institution is systematically taking resources that belong to all of us; privatizing the market gains and socializing the risks," while the public taxpayers pay the cost. He criticizes President Obama for failing to act decisively enough and delegating "supervision of the BP spill to industry-friendly regulators like Chu and Interior Secretary Salazar."

Bollier is concerned that "reforms will be half-hearted and symbolic, not structural and effective." He labels Rahm Emmanuel's famous comment that "a crisis is a terrible thing to waste," as a diversion and distraction.

Full Story: The Enclosure of the Gulf

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Red necktie with map of Boston

Tie one on to celebrate your city

Choose from over 20 styles of neckties imprinted with detailed city or transit maps.
$44.95
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00