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[-] Sludgehammer@lemmy.world 74 points 6 hours ago

The funny thing about Love Canal is that the Hooker Chemical was complying with the (entirely inadequate) environmental regulations of the day. While the containment was terrible, there was at least some containment of the toxic waste.

Then the Niagra Falls school board was like, "Hey that 'Love Canal' property you've got would be a great place for a new school" and Hooker chemical was like "No, that's a terrible idea". So the school board threatened to sue and just seize the land and Hooker chemical basically said "Okay, we'll sell it to you for one dollar, on the condition that you don't disturb the toxic waste and anything that goes wrong is on you". Then the school board immediately bulldozed the land cutting open the clay containing the toxic waste turning a huge problem into a catastrophic problem.

Don't get me wrong, Hooker was absolutely at fault, but IMO the school board is more to blame. It's kinda like asking "Who do you blame, the guys who laid down a minefield, or the guys who decided to have a Riverdance jamboree on the site despite the warning signs?"

[-] StillAlive@piefed.world 31 points 5 hours ago

Love Canal

Oookay.

Hooker Chemical

Now you're just pulling my leg.

[-] Viking_Hippie@lemmy.dbzer0.com 9 points 3 hours ago* (last edited 2 hours ago)

Here's the headline if I had been the editor of the local newspaper:

SUPERINTENDENT REGRETS HOOKER LOVE CANAL PURCHASE AFTER DISEASE OUTBREAK

[-] tetris11@feddit.uk 2 points 3 minutes ago* (last edited 3 minutes ago)

How about: "Hooker superintendent has messy spill in backyard love canal."

[-] Dr_pepper_spray@lemmy.world 3 points 2 hours ago

Hooker... Love canal... Hooker... Love canal.. nope, nothing funny there.

[-] jqubed@lemmy.world 18 points 4 hours ago

Strange but true. The disaster led to the legislation that created the Superfund program.

[-] fartographer@lemmy.world 35 points 6 hours ago

In the first place, God made idiots. That was for practice. Then he made school boards.

- Mark Twain

[-] sbbq@lemmy.zip 32 points 6 hours ago

Any attempt to allow publicly traded companies to self regulate is obviously going to lead to this. They're literally required to take every step to maximize gains and minimize losses. They will fire any CEO that won't. Remove the rails and you are knowingly giving them license to rape and pillage at will.

[-] FishFace@piefed.social 1 points 43 minutes ago

All the CEO has to do is say, "I think knowingly causing a disaster is going to be bad for business long term".

[-] StaticFalconar@lemmy.world 12 points 6 hours ago

Technically they dont have to. If the board actually agrees the goal isnt to min/max finance and have the goal be the best whatever, then thats the result. But until that becomes a bigger selling point for investors (the public), we are going to get the bottom financial line still.

[-] HK65@sopuli.xyz 2 points 4 hours ago

Okay, but then line goes down and investors vote out the board.

And most stocks are held by a couple big Wall Street firms who own everything, not the public at large.

[-] Axolotl_cpp@feddit.it 2 points 4 hours ago* (last edited 4 hours ago)

And technically never happens because investors like money and want money (After all, why they would invest otherwise?)

[-] victorz@lemmy.world 2 points 5 hours ago

And technically always loses to practically. 😞

[-] jordanlund@lemmy.world 11 points 5 hours ago
this post was submitted on 31 Aug 2026
401 points (98.8% liked)

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