Bangladesh’s Factory Collapse: A One-Year Retrospective - Independent Institute


April 24 marks the one-year anniversary of Bangladesh’s tragic Rana Plaza factory collapse, which killed more than 1,100 garment workers. In response to the disaster, many people called for increased safety standards in Bangladeshi garment factories. Although well-intended, these calls for increased regulation, if enacted and enforced, would have reduced the welfare of many of the nearly 4 million workers employed in the country’s estimated 4,500 garment factories.

Many readers will reflexively object to this claim and rightly ask why such measures will reduce the welfare of these individuals. We must start by putting Bangladeshi living standards in proper context. Poverty is pervasive in Bangladesh. More than three-quarters of the population lives on less than $2 per day and more than 40 percent live on less than $1.25 a day…

Benjamin Powell @ Independent Institute


Here is the link to that article:

The “Independent Institute” is a Libertarian Think Tank.


It’s strange… the preview showed the link. It disappeared on me. In any event, thanks Bobjam.