BrianGarst.com

Iain Murray writes at the Washington Examiner that advocacy groups Change.org and the Alliance for Climate Protection are arguing – in an email entitled, “Don’t Let BP Win!” – that “Stalling climate and energy legislation would be a big win for oil companies like BP, but a huge loss for the rest of us.”  Someone must have forgot to tell the lobbyists at BP, because as I previously noted, they have endorsed the Kerry-Lieberman cap-and-trade bill.  BP and other big corporations understand what the statists that routinely push for government intervention in the market do not: big government policy ultimately benefits big business the most.

The first responsibility of a corporation is to their shareholders, and contrary to popular belief, they are not dependable advocates of capitalism.  Given half a chance, they will gladly use the power of government to their own benefit by restricting competition.  They always have the greater means and motivation to capture federal regulator agencies, and deploy the force of government to benefit their special interest, than do the high-minded reform groups that often called for intervention in the first place.  If Change.org really wanted to ensure that BP does not “win,” they would fight against big government interventionism, thus denying BP and other corporations the ability to manipulate government force for their own benefit.

BP economics regulatory capture