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News Flash: Greed and Stupidity Can Coexist!

News Flash: Greed and Stupidity Can Co-exist THE HUFFINGTON POST  Monica Youn 7 April 09 “…………………..A crucial function of government is to protect us from the consequences of the stupid decisions of other people – we should not have to worry that a nuclear power plant operator will decide that certain safety precautions simply aren’t profitable or necessary.

In the nuclear example, were the government to succumb to industry pressure and repeal certain safety regulations on nuclear plants, any resulting accident would be the result of policy as well as stupidity. In other economic sectors, regulations exist to prevent the profit-maximizing incentives of various industries from creating unacceptable levels of public risk………….

Monica Youn: News Flash: Greed and Stupidity Can Coexist!

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April 8, 2009 - Posted by | business and costs, USA | , , ,

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