Written By: lprent - Date published: 11:30 am, June 22nd, 2010 - 14 comments
The New York Times has a excellent article on the failure of the last line of defense on the sunken Deepwater Horizon drilling rig in the Gulf of Mexico. Even as they are lambasting the regulatory framework that allowed the failure to happen, I’m looking at it and seeing how pathetic our regulatory framework is by comparison. Somehow I don’t think that Gerry Brownlee is capable of making it better.
The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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