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The Lawyer Who Became DuPont’s Worst Nightmare (nytimes.com)
4 points by iMark on Jan 6, 2016 | hide | past | favorite | 1 comment


OK so where are all the folks who always say regulation is bad, the free market self-corrects, and that insurance is the way to fix these kinds of problems? Because anything not already proven to be toxic isn't E.P.A. regulated, meaning tens of thousands of chemicals aren't regulated at all. The company knew it was bad 40 years ago, but nothing happened to prevent them from eventually getting it into the entire global environment, in everyone's blood, in all the water, and in animals everywhere. You can't get this kind of insurance. This should destroy the company and all of its incompetent shareholders (owners) who kept on ignorantly accepting dividends but not actually bothering to have the company run by ethical officers. We'd have to claw back profit from every shareholder for all time, pierce the corporate veil and take even more money from the shareholder in the form of a fine, and that still wouldn't be enough.

Free market doesn't need regulations. Right. Too much regulation. OK well maybe in some cases, certainly not in this one.




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