[quote]pittbulll wrote:
I believe that the majority of the money was a fine paid to the Government
[/quote]
The majority of the money, about 3 and a half billion dollars, went to the clean-up. 500 million goes to those who were “actually” damaged by the disaster. This excludes fishermen whose businesses collapsed due to the environmental damage.
[quote]Mah-lur wrote:
pittbulll wrote:
I believe that the majority of the money was a fine paid to the Government
The majority of the money, about 3 and a half billion dollars, went to the clean-up. 500 million goes to those who were “actually” damaged by the disaster. This excludes fishermen whose businesses collapsed due to the environmental damage.[/quote]
It seems damges were closer to 5 billion rather than 500 million
http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/121445251742580.xml&coll=7
[quote]Mah-lur wrote:
wirewound wrote:
belligerent wrote:
Nothing is innately wrong with corporations. The problem is the government that enables their misbehavior.
That’s pretty much where I stand.
Unfortunately there are many weak countries that can’t stand up to many of today’s TNCs. What’s needed is some sort of international corporate regulating agency.
[/quote]
This would be an absolute disaster. It is only becuase of regulation and oversight that companies are able to gain advantage over competition and thus the consumer. gov’t enables unfair business practices and an internatioal commission would be 10 times as corrupt or misguided as what we have now. The answer is less regulation and oversight. If left to it’s own devices, the free market rewards “good” businesses and punishes “bad” businesses. There may be exceptions to this but they are few and far between. Right now gov’t is your money to ensure that you have to pay more for many goods. How perverted is that?