A team of New York University researchers estimated in 2018 that the costs of just two forever chemicals, PFOA and PFOS — in terms of disease burden, disability and health-care expenses — amounted to as much as $62 billion in a single year. This exceeds the current market value of 3M.
Seems as good a reason as any to nationalize it, have the shareholders forfeit their chips at a steep loss, and ensure its remnant facilities only produce socially positive, safe products.
Comments
A team of New York University researchers estimated in 2018 that the costs of just two forever chemicals, PFOA and PFOS — in terms of disease burden, disability and health-care expenses — amounted to as much as $62 billion in a single year. This exceeds the current market value of 3M.
Seems as good a reason as any to nationalize it, have the shareholders forfeit their chips at a steep loss, and ensure its remnant facilities only produce socially positive, safe products.
Corporate death penalty. I'm on board with that.