Bad for business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
Such a label would surely spell the demise of a number of major product lines of the industry....there is no doubt that our competitors will attempt to take advantage of the situation by encouraging the public to avoid asbestos-containing products because of the potential health hazards implied in the warning label, even though to the customer no such hazard exists.
No rule of thumb method ... can be devised which will fit all securities in all situations....It would produce even greater injury than the Federal Securities Act in retarding or preventing the follow of securities into new and refunding issues, which are indispensable if employment is to be maintained and increased and the huge burden on the Treasury is to be relieved.
In January 1990, the DuPont Company testified that accelerating the phase-out of ozone-depleting CFCs to July 1, 1996, would cause ‘severe economic and social disruption.’
There are economic variables also. For one or two mills, the sale of a byproduct may help finance a method of treatment, the cost which is otherwise prohibitive. Because the quantities are huge, however, the market for the byproduct is soon saturated; other mills must find some other method. Again, the cost of treatment for one mill may be so great compared to the cost for others as to destroy its ability to compete, resulting in ruin for the investors and migration for the employees.
