Quote:
Originally Posted by fotze
This is what I've had trouble wrapping my head around when pipelines leak, etc.
Any heavy handed legislation will pale to the actual damage and cleanup. If $400MM is the estimate now (and those always go up), then this will kill the company, its only worth $700MM. Not sure how you could legislate this and things like this. Maybe jail time could be an added incentive?
Maybe force companies to have insurance for these things?
But I see it like the death penalty as a deterrent. I just don't think it will make a difference.
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You're absolutely right. I once worked for this fairly large sized concrete company that was riddled with government authorities down their throat. OHS, WCB, Alberta Transportation, COR, and Employement standards. I remember telling the owner that AB transportation issued us a fine ($2500,00) for hours of service violations because we were scheduling drivers for long days, even up to 20 hours straight.
His response was that he made 100X that amount since the last fine and will make another 100X until the next time.
If capitalism worked in society's interest, we wouldn't need government agencies. They need to crack down and put someone behind jail more. Its like the token firing - it buys compliance for at least another day.