No, you didn’t. I’m a textualist, and when you say things like this: “Okay, so given a world with less or no governmental intervention or regulation on BP, what would now be different? I’d posit that you can’t just say “They would have drilled in shallow water” since property rights would still exist in a small or no government world and they still might not have the drilling rights.” … it reveals a fundamental lack of any perception fo the differences between the eople you fancy your opponents.
The fact that you immediately call my post “handwaving” further tells me a lot about you; none of it flattering. In the future, perhaps you should avoid insulting the people who give reasonable responses to ill-informed posts.
But I’ll humor your ignorance.
BP was subject to government regulation. The regulators failed. In contrast to sweet li’l miss pelosi’s assertions, the regulators were not Bush appointees or any such thing, and BP has been a darling fo the Left in general thanks to its high-profile (if low-result) green energy campaigns. So if you posit more regulation as the answer, then it becomes rather
First, I probably wouldn’t try for regulation by fiat. Instead, I’d hire companies - multiple independant companies - to carry out inspections. Any bad grade would require I’d also require regular disaster-recovery plans to be filed - but in contrast to the feds, would emphasize knowing what people plan on doing rather than trying to force them into one mold. Molds are usually bad, popular though they be with bureaucracies. This frees up a lot of government space for more useful things.
But my emphasis in this case would be on response, not prevention. My general assumption is that in most instances, somebody will screw something up sometime. Rather than attempt to prevent people from being people, I favor scrict liability, far-reaching accountability (including criminal sanctions). CEO’s may run a company into the ground or ignore safety laws if they think it will earn them a fatter paycheck, even if it destroys the company. They will think twice when the law says they go to jail, and their subordinates will have many more reasons to inform.
Likewise, I consider emergency preparedness a watchword. If you are going to spend money, sopending it on backups is an extremely good way to do it. Personally, I’d like to become director of FEMA just to spend my time doing that. However, in contrast to trying to maintain fleets of ships myself, or some nonsense like that, I’d constantly maintain a source list of where I can get them, crew and all, ready to go.