In Louisana there’s a stretch around all the refineries nicknamed Cancer Alley. The locals work the plants. Everyone gets sick. And they vote for expansion because it brings in more jobs. You need the regulations.
In the bay area you can throw a rock from one super fund site and hit another yet it's full of libertarians saying 'stop over regulating'.
> You need the regulations.
This is fixing the symptom instead of the problems. Elites are allowed to be rich because the cost of failure is supposed to be extremely (historically, their life) expensive to them. We got rid of the latter without the adjusting the former.
Yeah, but I bet the executives and lawyers don’t live anywhere near there, and they probably visit those sites as little as possible. In the thought experiment that wouldn’t be allowed.