Economics @ ITT

Beware of Economic Nonsense Trotted Out by Profit-Seeking Corporations

Posted in economics by ittecon on May 29, 2013

Consumer benefits may sometimes exceed such costs. But, as we’ve painfully learned over the years (the Wall Street meltdown, the BP oil spill in the Gulf, consumer injuries and deaths from unsafe products, worker injuries and deaths from unsafe working conditions, climate change brought on by carbon dioxide emissions, and, yes, manipulation of the tax laws – need I go on?), the social costs may also exceed consumer benefits.

via Beware of Economic Nonsense Trotted Out by Profit-Seeking Corporations and Their Stooges | Alternet.

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