You get the financial collapse of 2008 and, as an excellent Wall Street Journal story shows, you get the BP oil spill in the Gulf of Mexico. Both disasters stemmed from the U.S. government’s willingness to hand over regulation duties to the industries that the government was supposed to be regulating.
Author: Peter Maass
I was born and raised in Los Angeles. In 1983, after graduating from the University of California at Berkeley, I went to Brussels as a copy editor for The Wall Street Journal/Europe. I left the Journal in 1985 to write for The New York Times and The International Herald Tribune, covering NATO and the European Union. In 1987 I moved to Seoul, South Korea, where I wrote primarily for The Washington Post. After three years in Asia I moved to Budapest to cover Eastern Europe and the Balkans. I spent most of 1992 and 1993 covering the war in Bosnia for the Post.
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