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View Diary: The price of doing bidness (211 comments)

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  •  Why I listed inspection (4+ / 0-)

    By which I also meant enforcement. All the laws in the world are meaningless without proper oversight and enforcement.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Sun May 05, 2013 at 08:50:31 AM PDT

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    •  The plant was in violation of several laws (10+ / 0-)

      If a court acknowledges that, that shifts the liability back on to the family who owned the factory, or whatever one should call it.  My understanding is that it is only part of the assets that family owns, which would seem to suggest that their failure to carry more than one million in liability coverage may result in the loss of a major chunk of their family assets.

      If that happens, it may result in other similar companies either sorting out their safety situation, or carrying insurance coverage that more accurately reflects their exposure to litigation for deaths, injury and damage to property.

      Those who think the "free market" should deal with everything may point to the outcome and say, "See, the free market worked!".  Maybe, but a lot of people had to die and a family business will have been destroyed, outcomes that intelligent regulation could have prevented.

    •   Station Nightclub fire 2003 (2+ / 0-)
      Recommended by:
      kovie, Ice Blue

      http://en.wikipedia.org/...
      Perfect example of greed and lack of enforcing regulations.  
      I just finished the book Killer Show which deftly outlines all the details which led to this horrific fire.
      The Texas explosion reminds me of it.

      "I have to go... There are two gay men knocking on my door asking me if I need any abortions or marijuana. Diary, this may be my last entry" Facebook hysteria after 2012 election

      by pitbullgirl65 on Sun May 05, 2013 at 09:37:34 AM PDT

      [ Parent ]

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