Government Control Dangers

                          

The U.S. potential multi-billion dollar ownership risk in General Motors serves as a lesson.

                 

Did it also make sense to put the Executive Branch of the U.S. government in charge of $20 billion or more of British Petroleum’s accident?

                 

Would it not have been far better for  individuals with claims to have gone directly to BP for compensation through independent intermediaries, supervised by courts?

                 

Without the politics involved? Without the federal government in the middle of what became an obviously unconstitutionally dubious form of meddling?

                 

This was just one of many instances of state capitalism that is a slippery slope best avoided. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)