so then don't drill!!!

Reader comment on: Hayek and the Gulf Spill

Submitted by ben (United States), Jun 14, 2010 13:03

If something cannot be regulated for technical reasons, and it is prone to a catastrophic event such as the BP spill, then the drilling should never have taken place, and should not take place in the future. Companies should have to pay for their failure, but if the possible failure is greater than the market capitalization of the company, it should not be allowed to engage in the behavior.

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The Future of Capitalism replies:

What about allowing them to buy insurance?

Other reader comments on this item

Title By Date
⇒ so then don't drill!!!
[w/response] [69 words]		benJun 14, 2010 13:03
↔ Will we then regulate the insurance? [111 words]benJun 14, 2010 15:30

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