Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

So, is anyone calling for reimbursement of our expenses from the rescue?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
krkaufman Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-12-09 02:24 PM
Original message
So, is anyone calling for reimbursement of our expenses from the rescue?
Given that these sailors were captured because their company made a business decision to not arm the sailors or provide for their protection, and given that said company would have been forced to pay ransom to free their employees were it not for the actions of the US government, shouldn't this company be paying some percentage of the expenses associated with the rescue of their employees?

Using the terminology of others, isn't there a moral hazard in the government providing such services to these companies without some sort of associated cost reflected on the company's balance sheets? If the pirates are emboldened by negotiation and their ransom demands being met, aren't companies not providing their own security similarly reinforced in their choice when the government bail them out, as happened today? Is this just another case of privatizing profits and socializing risk? (I'd be very interested to learn what corporate taxes Maersk has paid in recent years.)

I'm thrilled that the crew escaped, in this instance, without any loss of life, but I have to wonder if events would have been different if their company had a different approach.
Printer Friendly | Permalink |  | Top
stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-12-09 02:30 PM
Response to Original message
1. nah..we 'bailed them out'...
I've read that the company that owns the ship is a defense contractor..so it makes perfect sense.
Printer Friendly | Permalink |  | Top
 
anigbrowl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-12-09 02:34 PM
Response to Original message
2. Zzzzz
Look - it's illegal to arm sailors, by international treaty. Protecting the merchant marine is one of the oldest functions of government, and always has been for any nation with a coastline. This is one of the most basic reasons for payment of taxes - national defense, including the defense of our citizenry and commercial interests. There is an abundance of history, both of the US and older countries like Britain, documenting this.

Start here: http://en.wikipedia.org/wiki/Barbary_Pirates#19th_century.2C_United_States-Barbary_wars

As for the amount of taxes paid, you can easily find that information for yourself: http://shareholders.maersk.com/en/Pages/ShareholdersHome.aspx
Printer Friendly | Permalink |  | Top
 
seabeyond Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-12-09 02:38 PM
Response to Original message
3. i willingly give my tax money for stuff like this. along with the rescues we do in so many areas
Edited on Sun Apr-12-09 02:38 PM by seabeyond
called the safety net i expect, that makes us so good, that we have lacked during the last 8 yrs with bushco cutting these things out
Printer Friendly | Permalink |  | Top
 
Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-12-09 02:47 PM
Response to Original message
4. Uh, what part of the Navy's function in protecting international
trade did you miss?

Did you know that shipping is specifically not armed because armed ships aren't allowed into a lot of ports?

The international community needs to come together to patrol these waters and make piracy too dangerous and expensive to continue.

That's only the short term solution, though.

Aid is the long term solution.
Printer Friendly | Permalink |  | Top
 
ProgressiveProfessor Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-12-09 04:14 PM
Response to Original message
5. As a practical matter, it is not possible to arm merchant shipping
Most nations have insanely restrictive laws with regards to weapons and firearms, even those carried aboard a ship for self protection.

This is in fact what navies are for, and the USN did its job.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Apr 24th 2024, 05:09 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC