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Accidents like the Ohio train disaster show the dangers of deregulation

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Saturday 04 March 2023 18:48 GMT
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Insatiable corporate greed leads to deregulation, and disaster
Insatiable corporate greed leads to deregulation, and disaster (AP)

Catastrophes such as the Ohio train derailment and chemical spill reveal how insatiable corporate greed will lead them to successfully lobby governments to allow deregulation, thus dangerously lowering safety standards across the board.

The world also saw a similar example of this when buildings in Turkey were unable to withstand the country’s recent earthquakes, causing them to collapse on the people inside. Through shoddy and regulation-breaking construction that didn't follow government code, countless lives were gratuitously lost due to profit-motivated greed.

Meanwhile those same corporations remain unsatisfied, as each year targets increase, and all the more they want – nay, need – to make next quarter. It's never enough. Maximising profits at the expense of those with so much less – or indeed, nothing at all – will likely always be a significant part of the nature of the big business beast.

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