SatW 2021 Calendar
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Odds and Ends
5 2, 11:50pm
Would that we could. I would love to see corporate responsibility for disasters, especially ecological ones. But how do we go about doing that? If the disasters are internalized, the company can just declare bankruptcy (Example: the Takata airbag company is paying far less in fines than VW, even though Takata's poor products have directly killed several people, but if Takata goes bankrupt the supply chain for airbags gets distorted to the point where automakers will not be able to purchase enough to put in their cars). If there is a large cost of insurance based on risk, there might not be the same level of competition, which could bring forth inefficiencies in the market.
It's not an easy problem. But I am glad that we can agree internalized risk should not be constrained to nuclear power.