To me this is an example of 3 negative features of free markets, exacerbated by a kyriarchic system, but I think it's fixable with work. The three issues I see

To me this is an example of 3 negative features of free markets, exacerbated by a kyriarchic system, but I think it's fixable with work. The three issues I see: One, the short-term market incentive was for them to have something patentable and controllable. Two, the money accrued to them but the harms fell to others, creating a huge negative externality. And three, free markets in goods tend to create markets in political power. This is all exacerbated in a kyriarchic [1] system, one where domination hierarchies are normalized. Negative environmental externalities tend to fall on disfavored groups. The workers getting poisoned with lead were lower class; especially in that era, their deaths were seen as acceptable. Toxic spills don't happen on the Harvard campus or in wealthy suburbs, because however "safe" that stuff is in the official view, it's not so safe that elites will live next to it. Etc, etc. We could eliminate a lot of this with just by preventing any money flow from business to politics. No donations, no gifts, no ads, no PACs. Perhaps no lobbyists. Politicians live on fixed budgets, any private wealth is put in index funds, and they are restricted after public service in what they can earn. The finances of politicians and former politicians are entirely public. The finances of executives and companies are also entirely public. We have well-funded, independent ethics watchdogs. Then on top of that we have well-funded public science systems with empowered public health authorities. That definitely exists in the US at least in patches, so I think we could make rapid progress here. And then I'd want to see strong laws where people making and profiting from harm are always held accountable. If we look at the 2008 financial crisis, nobody went to jail. A lot of people got rich doing dodgy things, and a few of them had to give a fraction of the money back. That did not teach a lot of lessons. One could argue that's ok in finance (although I wouldn't). But when it results in physical harm and death, I think the money and power should not be separable from the consequences. Currently CEOs and execs take paydays and walk away from things where I think negligent homicide charges are merited. Instead of "Gosh, I didn't know" being an acceptable excuse, I think the standard of "knew or should have known" and "could have acted differently" should be sufficient for execs. [1] https://en.wikipedia.org/wiki/Kyriarchy https://en.wikipedia.org/wiki/Kyriarchy