Why is economic sense so often morally appalling? | The Institute for New Economic Thinking

 

On September 29, 2010, Gene Crannick’s home in Obion County, Tennessee, burned down. The Crannicks lost all of their possessions in the blaze and their pets died, but the family was unharmed. The firefighters called to put the fire out refused to fight the blaze because Gene Crannick hadn’t paid a $75 (€56) annual fee.

The tiny, rural Obion County does not have a countywide firefighting service. A private company offers coverage to rural residents for a fee. Mr Crannick hadn’t paid the fee. So they let his house burn down. In fact, the only reason the firefighters were there at all was to ensure that Mr Crannick’s neighbor’s house was unharmed. The neighbor had paid the fee.

Why is economic sense so often morally appalling? | The Institute for New Economic Thinking.

Advertisements

Tags: ,

About plerudulier

Primarily interested in interacting and engaging with people about issues related to profession but also charity, environment, ... you get the idea.

Trackbacks / Pingbacks

  1. Weekly blog posts (weekly) | Lelapin's Weblog - September 15, 2013

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

plerudulier

Recipient of whatever I feel like sharing | Pensées partagées

WSantos's Blog

All things Microsoft (and whatever else crosses my mind)

Pimpf : Drifting somewhere...

All those elements that make me complete...

An infinity of hypotheses

The Biologue Chronicles

Comics have the Power

Comics have the Power !

Les Bulles de Bourgogne

« La Lecture est une amitié » Proust

Les trouvailles de Georgette

Trésors du domaine public et des licences libres : une sélection de la bibliothèque Georges Brassens, Paris 14e

Urbanisme - Aménagement - Fiscalité

Consultant et Formation en Urbanisme

Le Blog de Nicolas Beretti

Avec de l'entrepreneur et de l'auteur à l'intérieur

iROCBlog

L'information Revisitée et Ouverte aux Citoyens

Thierry Borne

RIEN N'EST IMPOSSIBLE

Le Monde selon Jane

Très politiquement et surtout très incorrect...

ecosphere

Medias et économie numérique par les chiffres, les idées et les rencontres

Cybercriminalité

Tout sur la cybercriminalité

800.000 feignasses!

800 000 enseignants: 6 mois par an? 20h par semaine? Mais non!!

Electrek

Charge Forward

%d bloggers like this: