Re: Fuel Efficient Cars (was Oil Economics)

From: Kai M. Becker (kmb@kai-m-becker.de)
Date: Wed Feb 12 2003 - 09:21:11 MST

  • Next message: Dickey, Michael F: "RE: Fuel Efficient Cars (was Oil Economics)"

    Rafal Smigrodzki schrieb:
    > Imagine that all participants in the economy would be required to
    > obtain a general liability insurance

    Enforced by whom?

    > You would be still free to burn and pollute as you want to, except
    > when you actually harm another person.

    Maybe I didn't get the clue, but as I understand it, a dangerous /
    polluting industry would still not be stopped by public will, as long as
    it delivers enough profit to pay the insurance. The problem of pollution
    would become only an economical equation: How much profit can we draw
    out of a business, before we have to pay for the consequences,
    regardless of the damages produces in between. What about global
    consequences? We still don't know how much we are responsible for the
    damage to the ozone layer, the global warming, and we still don't know
    for sure, what the consequences will be. But in the meanwhile, the
    companies responsible go bancrupt, the persons who were in charge retire
    or die, and maybe we all are responsible to a certain degree. How could
    any court ever decide such a case and how much money is a premature
    death by lung cancer worth?

        Kai



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