|
And my response to Pete recognized that risk-benefit analyses are done all the time, and should be done all the time, AND that a backstop of effective regulation is necessary to assure that society's needs are met even when they are contrary to a corporation's cost/benefit analysis. I don't know why that's so hard for you to accept.
Regarding your water example, perhaps you haven't noticed the popularity of bottled water? Many people buy it because they feel it is more pure or more healthy than municipal tap water. I don't see how the regulations that assure a minimum level of safety of municipal water supplies have gotten in the way of that.
I don't understand this statement: "Right now today, I'm mitigating my risk of having my palacial Tenn estate wiped out by a tornado watch. It's a calculated risk that 10s of MILLIONs take." What does that mean?
|