@St_Rev mainly because tort liability is not a very good way to establish reasonable expectations of outcomes
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Replying to @schakalsynthetc
@St_Rev cash that out for this case - crashes caused by overtired drivers are far more common than caused by drunk drivers1 reply 0 retweets 0 likes -
Replying to @schakalsynthetc
@St_Rev meaning that from the pov tort as incentive, the co's exposure should be at least equal to their exposure from retaining this guy1 reply 0 retweets 0 likes -
Replying to @schakalsynthetc
@St_Rev otherwise they're incentivized to worry more about protection from the relatively less likely case than about the more likely case3 replies 0 retweets 0 likes -
Replying to @schakalsynthetc
@schakalsynthetc 1 state arm pulls on the corn to make it grow faster, another notices that this isn't helping and steps on the corn to fix.1 reply 0 retweets 0 likes -
Replying to @schakalsynthetc
@schakalsynthetc To disentangle it from tort law & related stuff?1 reply 0 retweets 0 likes -
Replying to @schakalsynthetc
@schakalsynthetc I think Hayek dismantled that approach pretty thoroughly.1 reply 0 retweets 0 likes
@schakalsynthetc Central planning failed miserably at coordinating steel production, which is an astronomically simpler problem.
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.