The Hidden Costs of Alcohol: Economic Impacts and Societal Burdens
There are many negative costs and consequences accruing from our persistent, harmful use of alcohol, what I think we can call the bad economics of alcohol.
Ever wondered about the true cost of alcohol on our society? In this episode of 'The Alcohol File', Eunan McKinney dives deep into the economic ramifications of excessive drinking with two esteemed guests: Aveek Bhattacharya, Chief Economist at the Social Market Foundation, and Professor Joe Barry from Trinity College Dublin. Together, they unravel the financial toll that unchecked alcohol consumption takes on public health and the economy.
They shed light on the 'untold' story of how others' drinking habits can have a ripple effect, causing external harms that often go unnoticed. They also tackle the heavy burden of alcohol taxes on lower-income communities and discuss how the alcohol industry impacts public finances. By breaking down these complex issues, this episode offers a comprehensive look at the hidden costs of alcohol use. It's an eye-opener for anyone interested in understanding the broader implications of our drinking culture.
Tune in to gain a deeper insight into how alcohol affects not just individuals, but society as a whole.