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Sadly, this is the norm & the way the current system works...if you can profit now & collect a huge bonus now, your incentive is to do that no matter what happe
by theprop 9y ago
Sadly, this is the norm & the way the current system works...if you can profit now & collect a huge bonus now, your incentive is to do that no matter what happens to the future. Cigarette companies knew of the harms of their product for decades. Bankers knew many of their home loans and other products would fail (but it would be after they got paid massive bonuses...insane speculation didn't happen when investment banks were partnerships and bonuses could be clawed back). Dupont knew PFOAs were harmful for more than half a century and a decade into a massive lawsuit before they finally stopped producing them.
- sidcool 9y agoIt's inherent to most capitalist systems. Hence Laizze free doesn't work well.
- harryVic 9y agoWow! I just read about PFOA. Makes me scared with the Trump Administration gutting the EPA, who is looking after public interests!
- theprop 9y agoSo glad you mentioned that story!! I hope you read that NYTimes write-up. It was EYE-OPENING how LITTLE power the EPA actually has!! It's unbelievable. That said, I felt that some of Trump's efforts to lower EPA approval times from 6 years to 4 years could be good...I'm just not qualified to say. I agree though that anyone who read the story about the PFOA will agree that the EPA needs DRAMATICALLY more power and probably more funding not less.