Surviving Capitalism (Not) : Gulf oil spill threatens economic, environmental catastrophe

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Friday, April 30, 2010

Gulf oil spill threatens economic, environmental catastrophe

from World Socialist Web Site.

The Obama administration claims BP will be responsible for the full cost of the cleanup. However, given the enormous power exerted by big oil over Washington, this is unlikely. In the case of the Exxon Valdez oil spill in Alaska, up to that point the worst environmental disaster in US history, the oil giant successfully appealed damage awards to the Supreme Court. Ultimately it was ruled liable for the derisory sum of $507 million, equivalent to a few days’ profit for Exxon. As for the clean-up costs, the company recovered a significant portion through insurance claims.