The Conservative party, like New Labour, advocates the continuing deregulation of business. The Trafigura case, like the financial crisis, suggests that in business there are people ruthless enough to shut their eyes to almost anything if they think they can make money. Business without regulation is scarcely distinguishable from organised crime. Regulation without strict enforcement is an open invitation to mess with people’s lives. Tedious directives, state power and bureaucratic snooping – the interference that everyone professes to hate – are all that stand between civilisation and corporate hell.       

read more at:  http://www.monbiot.com/archives/2009/09/22/toxic-assets/

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