A restrained and reverential judicial system in a nation serves the free market. In addition to enforcing contracts and punishing fraud, corporations and share holders who do harm to smaller business, individuals, and communities must compensate those who have lost time, labor, capital, or even potential profit following corporate foul-ups and ecological disasters.
British Petroleum has owned up to the oil disaster which saturated the coastlines of the Gulf States in the South. Despite the confused and hostile response from the federal government, including their inexplicable resolve to exclude international assistance for the clean up, the Gulf of Mexico is witnessing a timely and respectable rebound from man-made despoilment.
The readiness for a multi-national corporation to own up and pay up is a welcome trend and contrast to the current administration in Washington, which has a desultory habit of passing blame to far-flung branches of government and previous presidents for its present failings.
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