Exception capitalism

The recent accident in the Gulf, appears to be preceded by certain "exceptions" granted to large and powerful companies by the regulators in the need for safety studies. This is hardly surprising. After all, we have had plenty of evidence of "exception capitalism" in the recent years. For example, certain finance companies, who claim to hoard most of the world's brain cells, were granted exceptions to leverage three times as much as mere mortals. Certain insurance companies were given...