The value of a human life vs. the cost of environmental regulation

In case you hadn’t heard, under the Bush administration, human life (well, at least that of Americans) has become about a million dollars cheaper (according to their own agency, the EPA)! Here’s a clear explanation of why this is so great, in terms of environmental risk management:

Surely you don’t want society to spend more money protecting your health and environment any more than what the EPA thinks you are worth, do you? And by this calculus, it must make perfect sense for the cries of the Bhopal victims to go unheeded, for what are they worth, exactly, if even American lives are being devalued?

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