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This whole thing reminds me of GE not only dumping pollutants into the Hudson River - but eventually spending more on legal battles to avoid a cleanup, than the
by stephengillie 11y ago
This whole thing reminds me of GE not only dumping pollutants into the Hudson River - but eventually spending more on legal battles to avoid a cleanup, than the cleanup would have cost. It's sickening.
But your point is correct - it's a cost of doing business. You put the cost of the cleanup and being sued against the cost of not polluting in the first place. Sadly this algebra is useful in externalizing hidden costs of pollution.