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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (31368)	10/9/2001 12:44:36 AM
From: cosmicforce	Read Replies (2) \| Respond to of 82486

<people aren't intrinsically entitled to have others pay them a certain amount of money. > It is well known that nuclear workers have higher incidence of cancer. How is this calculated into their wages when the harm is a) probabilistic b) the people who have the data don't share it c) the workers are intentionally misinformed This is a result of the absolute 'free market' (a market with no moral imperatives) in practice. I've already said that economics is amoral (c.f., nonmoral and immoral). If there is a profit motive to hide information, then the free market insists that such a secret can and will be kept by those who have it. If the oil companies knew for a fact that 150 years from now a global catastrophe would result from their practices, what free market mechanism would adjust the price of oil or otherwise tip their hand? None.