Found June 03, 2012 on Rumors and Rants:
Food Inc. and other books and documentaries, not to mention the “pink slime” controversy, have pretty well driven the point home that it probably isn’t a good idea for the food industry to police itself with little intervention from the government. The Deepwater Horizon oil spill was caused, at least in part, because there wasn’t a whole lot of oversight of BP’s operation in the Gulf of Mexico. And despite the obviousness of their oversight role, the NCAA hasn’t really been policing drug use among football players. I only conflate the government and the NCAA here because each entity’s job is mainly to enforce rules. Sometimes those rules are made to be intentionally vague so that the overseeing group doesn’t overreach with their enforcement of the law, essentially creating situations that allow derivatives to be traded willy-nilly or letting the Fiesta Bowl act like a drunken fraternity. Other times the NCAA and the government are just “outmatched,” as in the Deepwater Horizon spill...
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