In a message dated 12/5/99 11:03:41 AM Central Standard Time, email@example.com writes:
> I think the problem is one of the "education" of the public.
The real question is whether the costs imposed by regulation beyond those directly related to the specific safety improvements you can point to are worth the benefit you get from centralized a priori administrative rule-making. The question is whether, on balance, a system of private policing through tort law and insurance is more efficient than one carried on by administrative fiat. Economists can battle over the question with models, but we really don't have enough data to answer this question systematically as an empirical problem. We DO know that a completely centralized, bureaucratic system DOESN'T work very well, based on observation of societies that have tried that path.
Greg Burch <GBurch1@aol.com>----<firstname.lastname@example.org> Attorney ::: Vice President, Extropy Institute ::: Wilderness Guide http://users.aol.com/gburch1 -or- http://members.aol.com/gburch1 "We never stop investigating. We are never satisfied that we know enough to get by. Every question we answer leads on to another question. This has become the greatest survival trick of our species." -- Desmond Morris