Wednesday, August 15, 2012
How much is a life worth?
I was listening to 1190 AM radio yesterday to "The Wall street Shuffle" where they bring up this cost of life issue and the ford pinto case and they bring up a point that got me thinking about how we should value life and what companies do for us. The issue with the 12 dollar part to fix the ford pinto is that people would still die from driving the car so the 12 dollar argument should be that every car should be made at any cost to be the safest thing on the road. When in reality you know that buying the cheapest fastest car made on the block is probably not the safest one on the road. We all see these crash tests and know the number of stars that cars get. If we cared about our lives so much that we put the blame of lost life in the hand of the manufacturer then they should spend every dollar possible to buy the safest car on the road, but in reality we take a risk with everything we buy. So the drivers of the ford pinto in theory knew that driving a car may lead to death and we know this to be true even today. Same goes for buildings, roads, bridges, electronic manufacturers, and even pharmaceutical companies. We all know that we take a risk with anything we purchase but we get reward by taking those risks. We can drive across town in no time because we take the risk of driving a car. Even taking our insulin is taking a risk that it is safe and will work properly and the reward is that we get to live another day to have people make fun of us because we cannot process a cookie properly. So the point is when you see the law suits for drug manufacturers or car companies just think about the other side that you are not walking to work and you are taking a risk