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HereSince1628

(36,063 posts)

4. The market learns lessons...often the wrong ones

Reply to Ichingcarpenter (Original post)

Thu Nov 29, 2012, 10:48 AM

Nov 2012

Locked exit doors during a fire led to the initial deaths of 25 people and injury to more than 50 in the chicken processing plant in Hamlet North Carolina in 1991

Within 2 years, insurance companies and business lobbyists pushed legislation to limit compensation available to the injured and relatives of those killed.

The lesson turned out to be how well democracy works in a free-market legislature.

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Bangladesh Exit doors were locked during fire.. [View all] Ichingcarpenter Nov 2012 OP

Sounds like the Triangle Fire zipplewrath Nov 2012 #1

Exactly like the Triangle Shirtwaist fire. No one learns from history -- or, rather, they don't care Nay Nov 2012 #2

It is hard to find differences zipplewrath Nov 2012 #3

History repeated itself. backscatter712 Dec 2012 #10

Yep. A lot of people lamented the loss of the Triangle Shirtwaist Company. raouldukelives Dec 2012 #11

The market learns lessons...often the wrong ones HereSince1628 Nov 2012 #4

Those poor people RockaFowler Nov 2012 #5

negligence charges??? how about MURDER charges?? niyad Nov 2012 #6

I heard on the ABC news very early this morning that the doors were locked because Skidmore Nov 2012 #7

Well at least the workers didn't steal any of those previous malaise Nov 2012 #8

Additional news reports JohnStJohn Dec 2012 #9