[quote=Eugene]
Or is there some counterintuitive mechanism that will make companies like BP regulate themselves if the government regulation goes away?[/quote]
I think it looks pretty damn bad when you dump a bunch of oil into the gulf, and that your sales will take a hit. Not to mention the huge cleanup costs. It’s much cheaper and better PR to prevent spills.
Also remember that Libertarianism isn’t anarchy.[/quote]
I’m not sure what your response has to do with the quoted text. The spill was bad for BP. Regardless of regulations. The question is which would have been more likely to prevent it: More and/or better government regulation or less?
