https://archive.freecapitalists.org:443/blogs/bgreen/archive/2010/05/13/oil-spill.aspxWhile the Associated Press blames the disaster in the Gulf on the lack of regulatory oversight, the White House&#39;s call for increasing the liability cap on oil companies belies the real culprit in this mess. Previous legislation capped oil companyenCommunityServer 2008.5 SP2 (Build: 40407.4157)https://archive.freecapitalists.org:443/blogs/bgreen/archive/2010/05/13/oil-spill.aspx#332844Fri, 14 May 2010 05:08:40 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:332844TokyoTom<p>Thanks for the link, Bill. I encourage you to look more at how government actually encourages moral hazard. It is no mistake that this benefits elite corporate owners/execs.</p> <p>Liaibility caps, deposit insurance+fed regulation, limited liaibility corporations, replacement of strict enforcement of property rights with licenses to pollute, etc.</p> <div style="clear:both;"></div><img src="https://archive.freecapitalists.org:443/aggbug.aspx?PostID=332844" width="1" height="1">