Re:The Two Flaws Of Libertarian Economics
by anewaccountname on Thursday January 08, 2009 @10:39PM
(#426134)
>Roads, defense, control, vaccines...
Where do you stop? Surely you'd have to include financial companies? A financial company that makes up 10% of the financial market will calculate a phony 90% discount on any systemic risk it creates: after all, if the system fails, only 10% of that failure will be realized as a loss.
Where do you stop? Surely you'd have to include financial companies? A financial company that makes up 10% of the financial market will calculate a phony 90% discount on any systemic risk it creates: after all, if the system fails, only 10% of that failure will be realized as a loss.