Safety has a cost. Lack of safety has a cost. The former the cost is financial. The latter it's lives, peace of mind, health, etc.
One is replaceable. One is not. Sadly Congress protected the replaceable one.
Safety has a cost. Lack of safety has a cost. The former the cost is financial. The latter it's lives, peace of mind, health, etc.
One is replaceable. One is not. Sadly Congress protected the replaceable one.
[1]: https://www.ntsb.gov/news/events/Documents/2017_casselton_BM...
The older braking system, that was currently installed on those trains, has more points of failure.
In the condition this train was at, whether they were equipped or not is irrelevant, because they'd more than likely just have been expensive decorations.
[1]: https://www.gao.gov/assets/690/680555.pdf
[2]: https://www.usatoday.com/story/news/2023/02/14/norfolk-south...
cost is cost. You can put a financial figure on lives, health, peace of mind etc. Insurance companies do this every time they insure something.
So the question really is whether the cost of safety will outweigh the economic loss of implementing that safety.
The Banksters demonstrated that back in 2008.
Train companies doing this to unsuspecting towns are stochastic monsters killing people because the victims are a financial externality and therefore cheaper dead than alive. They knew that a disaster could happen but chose good balance sheets over externalized risk.
Boiling this down to pure economics is monstrous; Flip this around. What if I get to decide if you live or die based on my spreadsheets?
Clearly the dollar value of thing isn't the only thing that matters. We should make these as safe as we can afford to, to the point that mass death or even mass destruction doesn't happen while billionaires are made from it. We can't afford infinite safety but while we can afford more safety we should. It is even correct from a macroeconomic standpoint, people who don't die or suffer from disasters go on to be more productive in the economy than dead people.
Norfolk southern gave the town $25k to the town, however the true cost of one resident getting cancer is potentially millions of dollars. The true cost of a single evacuation is probably in the millions also. Nobody will ever pay for this.