On Fri, 9 Oct 2015 16:36:21 +0930, Bluey69
wrote:

snip
Yes we are now under the control of the WHS stazi and all it does is
cause frustration and drives the cost of making any thing through the
roof.
/snip
=====================

A good example of what I have referred to before as
enterprise v holistic/aggregate accounting.

An enterprise logically attempts to maximize their cost
externalization [foisting their costs off on someone else,
generally the taxpayer]. Such costs can include those
resulting from on-the-job injuries, i. e. long-term
disability or death benefits.

On the other hand, it is impossible to externalize costs
with holistic / aggregate accounting, thus the divergence in
conclusions.

Indeed, this can be extended to "executives" in that they
can realize a short term "profit" by skimping on maintenance
and safety equipment so as to put the entire enterprise
(stockholders' investment capital), as well as individual
employees, at increased risk, e. g.
http://www.latimes.com/local/lanow/l...813-story.html
https://en.wikipedia.org/wiki/Texas_...nery_explosion
https://en.wikipedia.org/wiki/Deepwater_Horizon
https://en.wikipedia.org/wiki/Upper_..._Mine_disaster
https://en.wikipedia.org/wiki/Sago_Mine_disaster

It is suggested that the total effect of safety regulations
on a national economy should be considered, not just the
momentary short-term effect on a specific enterprise or
economic sector, as this is highly misleading.


--
Unka' George

"Gold is the money of kings,
silver is the money of gentlemen,
barter is the money of peasants,
but debt is the money of slaves"

-Norm Franz, "Money and Wealth in the New Millenium"