The Helpless Titan
It’s not necessary to ignore the misdeeds of British Petroleum to criticize the appalling performance of our massive super-State. Big Government and Big Business have become so entwined that any disaster on the scale of the Gulf oil spill, or the subprime mortgage crisis before it, will have both public and private agencies to blame. Suggesting that government cannot be criticized until every one of its private-sector “partners” has been bankrupted or nationalized is a recipe for tyranny. We should study the example of BP and understand that only one half of the government-business alliance can call press conferences at will, addressing a media prepared to extend them unlimited credit for their good intentions.
One of the reasons Big Government is so helpless in the face of an actual crisis is that it never learns anything, because it evades blame and consequence for its failures. The politicians who brought you the subprime crisis are richer and more powerful than ever before.