Wednesday, July 21, 2010

IMPORTANCE OF REGULATORY ACTIVISTS

Another excellent BBC Radio File on 4 programme yesterday drew attention to the role of the US Government in failing to regulate the activities of oil companies following the Exxon Valdez spill 20 years ago, with tragic consequences for the Gulf of Mexico.

With so much development advocacy around these days, I very much hope that the UK Government's "Big Society" society initiative will support people and organisations seeking to ensure that the activities of "Big Business" are properly regulated at the national and local levels.

For the Deep Water Horizon disaster, reflecting as it does the systemic failures of multi-national corporation and national government alike - as well as the wider consequences thereof - constitutes as much as a crises for capitalism as the inherent problems of its market structures.

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