The Larger Struggle
By DAVID BROOKS
NYT
These days we are transfixed by the struggle between BP and the U.S. government. This is a familiar conflict — between a multinational company trying to make a profit and the government trying to regulate the company and hold it accountable.
But this conflict is really a family squabble. It takes place amid a much larger conflict, and in this larger conflict both BP and the U.S. government are on the same team.
The larger conflict began with the end of the cold war. That ideological dispute settled the argument over whether capitalism was the best economic system. But it did not settle the argument over whether democratic capitalism was the best political-social-economic system. Instead, it left the world divided into two general camps.
On the one side are those who believe in democratic capitalism — ranging from the United States to Denmark to Japan. People in this camp generally believe that businesses are there to create wealth and raise living standards while governments are there to regulate when necessary and enforce a level playing field. Both government officials like President Obama and the private sector workers like the BP executives fall neatly into this camp.
(More here.)
NYT
These days we are transfixed by the struggle between BP and the U.S. government. This is a familiar conflict — between a multinational company trying to make a profit and the government trying to regulate the company and hold it accountable.
But this conflict is really a family squabble. It takes place amid a much larger conflict, and in this larger conflict both BP and the U.S. government are on the same team.
The larger conflict began with the end of the cold war. That ideological dispute settled the argument over whether capitalism was the best economic system. But it did not settle the argument over whether democratic capitalism was the best political-social-economic system. Instead, it left the world divided into two general camps.
On the one side are those who believe in democratic capitalism — ranging from the United States to Denmark to Japan. People in this camp generally believe that businesses are there to create wealth and raise living standards while governments are there to regulate when necessary and enforce a level playing field. Both government officials like President Obama and the private sector workers like the BP executives fall neatly into this camp.
(More here.)
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