Environmental contamination from corporate plants and factories are referred to as “externalities” by economists. Essentially, what they mean is that this is a real consequence and a real cost, but it is external to what corporations do. In fact, corporations most often do not factor in the cost or the need to be responsible for waste or contamination.
Look at the case of Wolverine World Wide. For decades they knew about the contamination of ground water from their tannery and the chemicals used in the process, but have never really been held accountable for the environmental disaster they have caused.
WOOD TV 8 did an investigative story recently and found that there was a complaint about contamination from Wolverine as early as 1959. MLive reporter Garret Ellison has produced several good stories in recent weeks that makes it clear that the company has knowingly been engaged in environmental contamination for…
View original post 852 more words