Re:The McDonnell Douglas-Boeing merger led to the 737 Max cr...
by TheOtherHobbes on Tuesday January 07, 2020 @05:13AM
(#21978606)
And n-th order effects and externalities are specifically excluded from corporate accounting.
Which means we don't know how much these things actually cost in real terms. We also don't know how to quantify potential benefits.
(And if someone says 'Well, that's subjective' - so is nominal market value.)
There's conventional profit-loss accounting, and there's everything else. It seems the everything else can accumulate to ecosystem-threatening levels, and conventional accounting will continue to pretend this is financially irrelevant.
Which means we don't know how much these things actually cost in real terms. We also don't know how to quantify potential benefits.
(And if someone says 'Well, that's subjective' - so is nominal market value.)
There's conventional profit-loss accounting, and there's everything else. It seems the everything else can accumulate to ecosystem-threatening levels, and conventional accounting will continue to pretend this is financially irrelevant.