Statism, AC, and Corporatism- The End Result is the Same

[Jamougha]

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Firstly you can't buy an insurance premium that covers you for damage incurred in a war.

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How is this at all helpful if we're dealing with normative arguments?

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Even if you could, the insurance company has no reason to require you to contribute to a defence fund for the reasons that I have pointed out several times already.

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The insurance company won't require you to buy their policy, but if you want a mortgage, your bank or whoever else would supply mortgages might since they're money's at risk.

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This is surreal lol. AGAIN, the bank has no incentive to do this because of what someone above eloquently called the free rider problem. Seriously, I have made this point over and over now and you are basically just ignoring it. Please either address my point or move on.

Btw for a system to be the best it doesn't have to be perfect in every way. This forum is about politics, not religion... right?

[pvn]

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Firstly you can't buy an insurance premium that covers you for damage incurred in a war.

Even if you could, the insurance company has no reason to require you to contribute to a defence fund for the reasons that I have pointed out several times already.

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My insurance company gives me a discount for having a monitored alarm system. They give me a discount for having anti-lock brakes. Insurance has all sorts of incentives to encourage things that reduce the probability of loss and the severity of loss when it occurs. To say otherwise is to demonstrate your ignorance of what insurance is.

[pvn]

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Meanwhile, Coke marketshare and profits has been reduced, and their shareholders are angry that the management did not take generous offer to not subsidize their rival for a small payment. Management is fired. Next time another manager is approached with the same offer, he'll think it over and maybe accepts it instead of risking his job

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I'm not sure what the problem is, in this case.

[pvn]

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If there is a piece of property that is too expensive to defend, why would you seek to obtain and hold it?

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I can afford the fixed costs (including defense), the bum who owns it now can't.

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How did he obtain it in the first place? Wouldn't he be better off selling it? Wouldn't you be better off buying it (rather than facing a market that frowns upon thugs)?

[pvn]

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This is surreal lol. AGAIN, the bank has no incentive to do this because of what someone above eloquently called the free rider problem. Seriously, I have made this point over and over now and you are basically just ignoring it. Please either address my point or move on.

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What? The bank doesn't have any incentive to make sure you can pay back your loan? If the mortgaged property gets blown away by *whatever*, whether it's a tornado or a terrorist, the bank still needs assurance that their investment will not be lost.

[Skidoo]

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If there is a piece of property that is too expensive to defend, why would you seek to obtain and hold it?

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I can afford the fixed costs (including defense), the bum who owns it now can't.

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How did he obtain it in the first place?

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Who cares? Perhaps his ancestors have lived there since a legendary time centuries ago when they stole it from someone else. What matters is that a rare industrial mineral has just been discovered there.

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Wouldn't he be better off selling it?

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Yeah, and I would be better off just helping myself.

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Wouldn't you be better off buying it (rather than facing a market that frowns upon thugs)?

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Let them frown. I'm selling into a fungible market at the exchanges. Ka-ching.

[pvn]

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Wouldn't you be better off buying it (rather than facing a market that frowns upon thugs)?

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Let them frown. I'm selling into a fungible market at the exchanges. Ka-ching.

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Selling what?

[Felz]

Market failure versus Non-Market failure. This thread has serious potential.

[pvn]

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Market failure versus Non-Market failure. This thread has serious potential.

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Yeah, well, we're on page four xillion already; what are you waiting for?

[BCPVP]

I'm only on page 6 [img]/images/graemlins/smirk.gif[/img]