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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: zonder who wrote (2996)7/9/2003 12:46:28 PM
From: benwood  Read Replies (3) of 4914
 
Pollution can be a future drag on GDP -- medical care, declining productivity (more sick days), expensive clean ups, buying up homes ala Love Canal, people moving away from good jobs because their surroundings make them sick, declines in tourism. Not sure if that should be included in GDP or if it simply shows up in the future, nor do I care. But I know that future pension liability gets figured in corporate balance sheets. My intuition tells me that the heavy polluter has, in effect, cheated the system, and so the future may look bleak even though the current numbers look great. Sort of like pending lawsuits.
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