[crumbshot]

> A true balance sheet is beyond the purely financial. It covers natural capital and social capital too.

> To refine my initial point: there will be many horrific costs to this mess. Some poor sod will end up paying the cost. If owners think they can escape full liability, they will continue to take risks because they can privatize the profit and socialize the costs.

Thank you for elaborating, I entirely concur with the sentiment of the above, even if we differ on terminology.

To refine my original my point too, please consider it a comment on the unfortunate connotations of using the term 'balance sheet' for this concept - without further information, it's unclear if it's being used in a purely business financial context or not.

[GreeniFi]

Every man has a balance sheet associated with his person: a sum of all his assets and liabilities, burdens and obligations. It captures one’s true wealth (or poverty). A large part of its content can only be settled in the political realm. If it’s not a balance sheet, I don’t know what else to call it.

[crumbshot]

Sounds like poetry for accountants.