It should be pretty obvious that without enforced regulations corporations will externalize as many costs as possible. That's economist speak for making a mess and letting other people clean it up (or as is often the case just live with the negative impacts).
One example of externalizing costs is the way corporations have polluted almost at will -- especially in poor areas. Of course the people who live in these poor areas are the ones who pay the price -- not the executives who increased their bonuses by dumping instead of treating or by choosing less expensive but more toxic raw materials in the first place.
http://www.commondreams.org/view/2010/08/11-1
When you hear business people rant about the burden of regulations what they're really saying is fuck you, you deal with it, I'm not cleaning up that mess I made.
One example of externalizing costs is the way corporations have polluted almost at will -- especially in poor areas. Of course the people who live in these poor areas are the ones who pay the price -- not the executives who increased their bonuses by dumping instead of treating or by choosing less expensive but more toxic raw materials in the first place.
http://www.commondreams.org/view/2010/08/11-1
When you hear business people rant about the burden of regulations what they're really saying is fuck you, you deal with it, I'm not cleaning up that mess I made.
