Question: If I write a python script, anyone can simply point an editor to it and read it. But for programming written in C, one would have to use decompilers and hex tables and such. Why is that? I mean I simply can't open up the Safari web browser and look at its code.

Answer: 
This is sorta a big topic. You should look into your local friendly Computer Science curriculum, you'll find a lot of great stuff on this subject there.

The short answer is the Python is an "interpreted" language, which means that it requires a machine language program (the python interpreter) to run the python program, adding a layer of indirection. C or C++ are different. They are compiled directly to machine code, which runs directly on your processor.

There is a lot of additional voodoo to be learned here, however. Technically Python is compiled to a bytecode, and modern interpreters do more and more "Just in Time" compilation, so the boundaries between compiled and interpreted code are getting fuzzier all the time.
In several comments you asked: "Is it then possible to compile python to an executable binary file and then simply distribute that?"

From a theoretical viewpoint, there's no question the answer is yes -- a Python program could be compiled to, and distributed as, fully compiled machine code.

From a practical viewpoint, it's open to a lot more question. There are a few things like Unladen Swallow, Psyco, Shed Skin, and PyPy that you might want to know about though.

1. [Unladen Swallow](http://code.google.com/p/unladen-swallow/) is primarily an attempt at making Python run faster, but part of the plan to do so involves using LLVM for its back-end. LLVM can (among other things) produce native machine code output. The last couple of releases of Unladen Swallow have used LLVM for native code generation, *but* 1) the most recent update on the web site is from late 2009, and 2) the release notes for that version say: "The Unladen Swallow team does not recommend wide adoption of the 2009Q3 release."
2. [Psyco](http://psyco.sourceforge.net/) works as a plug-in for Python that basically does JIT compilation, so even though it can speed up execution (quite a lot in some cases), it doesn't produce a machine-code executable you can distribute. In short, while it's sort of similar to what you want, it's not intended to do exactly what you've asked for.
3. [Shed Skin](http://shed-skin.blogspot.com/) Python-to-C++ produces C++ as its output, and you then compile the C++ and (potentially) distribute the result of that. Shedskin is currently at version 0.5 -- i.e., nobody's claiming that it's a finished, released product. On the other hand, development is ongoing, and each release does seem to include pretty substantial improvements.
4. [PyPy](http://codespeak.net/pypy/dist/pypy/doc/) is a Python implementation written in Python. Their *intent* is to allow code production to be "plugged in" without affecting the rest of the implementation -- but while they currently support 4 different code generation models, I don't believe any of them results in producing native machine code that runs directly on the hardware.

Bottom line: work has been done and is being done with the *intent* of doing what you asked about, but at least to my knowledge there's not really anything I could reasonably recommend as a finished product that you can really depend on to do the job right now. The primary emphasis is really on execution speed, not producing standalone executables.