Whoever is responsible for this had better be held accountable: “Speaking at a press conference on Tuesday, Republican Governor Mike DeWine said he learned that the train cars were marked as non-hazardous, and thus officials weren’t notified that the train would be crossing through the state.” 🤬

#Pollution #OhioTrainDisaster #EnvironmentalContaminationandRemediation #PublicHealth #EnvironmentalRegulation

https://grist.org/accountability/derailed-train-cars-ohio-not-labeled-toxic-cargo/

Call for Papers – Uppsala Workshop in Financial and Business History 2023: “Environmental regulation and sustainable business”

Uppsala, Sweden, 9-10 June 2023 - DL for abstracts 15 March

Further information: https://www.ucbh.uu.se/ucbh-workshop/

#business #sustainability #environmentalregulation #regulation #bizhis #businesshistory #histodon #histodons

@Pampa
I doubt you could find a workable wholesale replacement for capitalism, at least on the necessary timescale.

But I think there are things that can usefully be done to make a dent in that space.

1. Regulate the ill effects. As long as the regulations apply uniformly, they still make for fair markets. Environmental and safety regulations, for example. But it wouldn't hurt in health care to outlaw "pooling", since each attempt to subdivide the market gives individuals worse bargaining leverage and Big Pharma more.

2. Socialize markets (i.e., convert to things like universal single payer) where fair prices are not achievable and/or where the public is better served by aggregate bargaining. Health care is an example. People cannot fairly walk away from extractive pricing if their life depends on a solution at any price. They have to take what's offered. So market pricing cannot be expected to converge on fair prices. Also, the timelines and levels of volume individual buyers have is not enough to bargain fairly, where collective bargaining would be.

3. Get rid of pressures in capitalism to only respond to shareholders. Here's a summary of why reverting to stakeholder theory instead of shareholder theory would improve things. (Bernie and Warren both had plans to do things like this in the US 2020 election. Their ideas could be used elsewhere.)

4. Get big money out of politics, so that those with large economic interest cannot purchase regulatory favor.

http://netsettlement.blogspot.com/2012/01/losing-war-in-quiet-room.html

#Capitalism #ShareholderCapitalism #StakeholderCapitalism #ShareholderTheory #StakeholderTheory #RegulatoryCapture #SinglePayer #EnvironmentalRegulation