A toxic recipe for disaster

In his latest Economic View column, Richard Thaler says neither the government nor Fortune 500 companies are up to handling our biggest disasters.

As the oil spill in the Gulf of Mexico follows on the heels of the financial crisis, we can discern a toxic recipe for catastrophe. The ingredients include risks that are erroneously thought to be vanishingly small, complex technology that isn’t fully grasped by either top management or regulators, and tricky relationships among companies that are not sure how much they can count on their partners.

Full column here.

  • Spike

    More ROFLMFAO. Government can't handle this, or government didn't handle this, because the powers that be have long insisted on deregulation?

    Are you guys really this dumb, or are you just playing dumb to gain “access”?

    I suspect the latter, if that makes you feel any better.

  • Spike

    More ROFLMFAO. Government can’t handle this, or government didn’t handle this, because the powers that be have long insisted on deregulation?nnAre you guys really this dumb, or are you just playing dumb to gain “access”?nnI suspect the latter, if that makes you feel any better.

  • Spike

    More ROFLMFAO. Government can’t handle this, or government didn’t handle this, because the powers that be have long insisted on deregulation?

    Are you guys really this dumb, or are you just playing dumb to gain “access”?

    I suspect the latter, if that makes you feel any better.