Privatise The Profits, Socialise The Losses = Societal Harm

Today we examine how costs and risks are systematically transferred from corporations to society, thus inflating their true profit, whilst we are left to pick-up the tally. And its true across many sectors of the economy. Worse, regulators are captured thus reinforcing this inequitable trend.

Asbestos is one prime example of the capacity of corporations to make decisions that prioritise short-term profit gains while dismissing or discounting the future adverse effects on employees, customers, and the broader community.

The information contained in this show was provided by Asbestos Awareness Australia, and the full report plus full footnotes is available below.

Go to the Walk The World Universe at https://walktheworld.com.au/

Here is the full report for download or online viewing.

https://digitalfinanceanalytics.com/blog/wp-content/uploads/2021/07/Societal-Burdens-FINAL-4-July.pdf

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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