BP Spill: Reforming the Polluter Pays Regulatory Model

StickyFeet blog at TrivCap article published on Seeking Alpha:

The BP Gulf of Mexico oil spill highlights the debate over the correct way to deal with environmental liabilities and other negative economic externalities. Under current law, polluters are seldom required to pick up the full cost of environmental pollution. Strangely, much of the right-wing favors continuing this policy so...