Institutions are so afraid of liability that it's usually impossible to do *anything*
The first of these leads to reasonable precautions. The second is normal risk aversion, but still suboptimal
-
-
(. 0001% chance of something happening, but all anyone thinks is omg liability, what will happen to the insurance rates).
-
Third is normally purely imagined liability, enabled by stories of frivolous cases. Fourth is reasonable fear of frivolous or dumb
-
cases that the law is poorly equipped to deal with--paralyzation due to systemic flaws.
-
True sovereignty eliminates most of these inefficiencies, at the cost of making externalities harder to deal with.
-
No interest in this topic?
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.