Libertarian

Psionic Circles | The Value of the Human Life

By admin on December 3, 2021

Our global society has worked hard towards eradicating tyranny, Communism, Fascism, Dictatorship, and many other autocrats from the world. We have earned our freedom through the sweat, tears and the lives of many civilians and military personnel. God Rest their Soul. They fought and died so that we can be valued. Introduction Is your life worth more than $200,725.00 dollars in 1971 or $1,430,884.72 in today's money? In 1970, Ford Motors was pressured to produce motor cars that were cheaper and safer than the Japanese and Germans. The Japanese vehicles at the time were lead by Honda, Toyota, and Datsun. And there was a rush for the US to get a car on the market to compete. The engineers worked hard and came up with the Pinto. There was only one problem. They failed to perform all of the safety checks for the vehicle! The President of Ford Motors was presented with the huge ethical problem of either redesigning the vehicle at a cost of mullions of dollars, or sending the car to the assembly line and selling the car as is and, with the understanding that they would pay through insurance claims for any and all accidental damage to individuals who had died, at a value of $200,725.00 per person. Their statistics suggested they would have approximately 180 deaths per year. This would mean that the total cost for the error would be 180 in deaths = $36,130,500 per year while they would potentially sell hundreds of thousands of vehicles. They actually sold 328,275 vehicles. And that year they had less than 30 accidents, no deaths, but a few other injuries that the car company quickly compensated. Their gain was 682,155,450 vehicles and merely thousands of dollars in compensation. They quickly made modifications to the vehicle so that subsequent years they were much safer. So this experience begs the question “Can a dollars-and-cents figure be assigned to a Man or Woman's life”? What do you think? Our Values Lean Towards Greater and Better Life At Psionic Circles, we believe that the protection and preservation of human life is…