>>a simple and effective change to the law set in motion an entire apparatus of management and engineering decisions that resulted in the creation of a new safe

>>a simple and effective change to the law set in motion an entire apparatus of management and engineering decisions that resulted in the creation of a new safety culture. It’s a case study of a classic attitude from economics: just put a price on the harm—_internalize the externality_—and let the market do the rest. There it is — internalize the externality — when someone is profiting via externalizing costs or harms, they are essentially stealing from others (either the commons or the specific people on whom the harm falls). Ensuring that external costs are borne by those who create them is simply requiring that people creating business are actually ADDING value to society, and not simply extracting or stealing value by creating greater external harm than their products/services create.