Protectionism Fails Reason
Just heard about US and BP refusing Dutch companies’ bids to provide the most advanced technology of oil cleanup. This is protectionism at its best, where in the interest of protecting domestic companies the gov’t sacrifices optimal solution. So I am really curious: Why does media focus on and, for the past few months, has been feeding us with sensational images and numbers of barrells of oil released into the gulf? Why dont journalists do their job and focus more on shedding light on companies and alternative solutions to cleanup? I cant answer these questions because there is no rational answer, other than than we put protectionism above cleaning up the largest oil spill disaster in the history.