 | | Re: The big lie
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| (...) Larry: I agree with you on principle here, but my question is how we can remove the incentive to cut corners from private enterprise when public safety is at issue, yet still maintain a true free-market enterprise? IMO, we just cannot really (...) (23 years ago, 28-Sep-01, to lugnet.off-topic.debate)
| | | | | Re: The big lie
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| (...) Not I *M* O, though. See Friedman. "Heavy regulations" are not required, just full consequence facing. Current corporate law shields officers from culpability. We've had this discussion before. Nothing has changed my view. (23 years ago, 28-Sep-01, to lugnet.off-topic.debate)
| | | | | Re: The big lie
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| (I accidentally e-mailed my reply, and I see Larry has already replied, but I'll add my thoughts anyway...) (...) issue, (...) By ensuring that private enterprise can be held accountable by free market means. This includes giving consumers free and (...) (23 years ago, 28-Sep-01, to lugnet.off-topic.debate)
| | | | | Re: The big lie
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| (...) I agree. I don't want airline security to be set by consumer focus groups. I think the public will always trust a government regulated system more. The private sector can't be trusted: (URL) by the air industry in the USA to oppose (...) (23 years ago, 29-Sep-01, to lugnet.off-topic.debate)
| | | | | Re: The big lie
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| (...) I deny none of the above except the unstated implication that this is the only possible outcome. Remember, these actions are by heavily regulated firms that, as it turns out, managed to (quite easily) wriggle off the hook for liability. To (...) (23 years ago, 29-Sep-01, to lugnet.off-topic.debate)
| | | | | Re: The big lie
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| (...) The regulations are largely irrelevant. Generally they set a minimum standard, not a maximum one. It is my understanding that UA and AA are open to litigation for their "failure" on the 11th - is that not the case? (...) I'm not clear on what (...) (23 years ago, 29-Sep-01, to lugnet.off-topic.debate)
| | | | | Re: The big lie
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| (...) That's the theory, but in practice it has turned out that regulations are HIGHLY relevant... they are a min-max. In other industries the defense that "we were in conformance with standards" has been an accepted defense. This has been discussed (...) (23 years ago, 30-Sep-01, to lugnet.off-topic.debate)
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