Louisiana Senator Mary Landrieu, like Blanco, a Democrat, is trying to build congressional support for a proposal that would give Louisiana the same 50 percent share that Western States get from oil revenue. At a time when there [are] bans on offshore drilling everywhere in the country, Landrieu says in Louisiana, there's growing frustration.posted by msconduct at 9:56 AM on August 5, 2010
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This is the whole problem with handing off public resources to private corporations for private profit, and then further mangling that relationship with layers upon layers of agency. Almost immediately you've destroyed the incentive to use those resources wisely and carefully for long-term sustainability and public good. The incentive becomes to extract as much money in as little time as is possible, and gives corporations reason to cut corners since they know the government will have to ultimately pick up the tab.
Just keep adding subcontractors until your lawyer says stop. Pocket the money that makes it to the top, and when everything goes tits up, you can spend a fraction of the damage you caused on PR and election donations, and then move on to the next victim. Every success can be treated as a triumph of the market, and every failure can be blamed on bureaucracy. Bonus points for
convincing the mediagetting another corporation to blame the government for improper regulation, and then fighting regulations to "protect jobs" and "the sustainability of the industry".posted by atypicalguy at 4:26 PM on August 4, 2010 [4 favorites]