Economics really sucks at accounting for the value of human life. I remember there was a study on the financial impacts that smokers have on society. The idea going in was that smokers would get health issues which would cause a financial drain on societies which pay for people’s healthcare. The study actually found that smokers weren’t a drain at all. Smokers tended to die quickly, meaning no chronic health treatments. More importantly, they died young. Meaning they didn’t cash in their government pensions. Governments were essentially profiting off smokers. The study did another analysis, this time putting in a fake number for the “value of life” and the result was as expected. Smoking is a negative because it kills people.
you may be thinking about this study: https://en.wikipedia.org/wiki/Public_Finance_Balance_of_Smoking_in_the_Czech_Republic
there is also famous ford pinto scandal, where ford pinto would sometime catch fire during relatively small rear-end collisions, ford knew about the problem, the change in design would cost $15.30 per car, yet ford decided it is cheaper to let few people die and deal with the consequences.
I like the fan theory that jurassic park could have worked if they followed modern guidelines for zoos in terms of meeting the minimum enclosure sizes per animal and making sure that the animals were properly stimulated. But John Hammond just cut every corner he could.
B-b-but he said he spared no expense!
Sure. Trying to run a highly dangerous, technologically advanced theme park with two underpaid IT guys and no disaster avoidance and recovery plans.
He didn’t, it’s just that the expense was spent on dodging regulatory obligations as opposed to actually making a park that wouldn’t be more at home in an analogue horror series
You know it’s true in universe because otherwise JW would have never happened,
At least you could argue 2 and 3 were just consequences of the first attempt, but World was just straight up the economists ignoring all the glaring red signs warning the need to do a shitton more research before trying it again.
And yeah they absolutely did ignore zoological guidelines, separating baby animals from their parents to be used as glorified springy horsies for toddlers would never be allowed at even most mismanaged zoos.
The fact that the two biggest carnivores in the park have direct access to the main park area even if only through an airlock series of doorways is just the worst planning imaginable.
Think how willing you’d be to go to a zoo if you knew the polar bear and mountain lion (two carnivores known to hunt humans) enclosures had access hallways with entryways directly from the park center?
You’d be wondering if the nearby sunscreen for sale was actually food dyed barbeque sauce for efficient euthanasia of anyone dumb enough to still be going!
Can hardly expect revenues to stay the same after it gets out that safety is that insufficient though, surely an actual economist would have a way to take that into account?
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