From: "James A. Donald" <jamesd@echeque.com>
Date: Sun, 4 Oct 1998 13:59:46 +0800
To: Jim Choate <cypherpunks@EINSTEIN.ssz.com (Cypherpunks Distributed Remailer)
Subject: Re: I thought of an initialy regulated industry!...
In-Reply-To: <199810011243.HAA18113@einstein.ssz.com>
Message-ID: <4.0.2.19981004113817.00ba5100@shell11.ba.best.com>
MIME-Version: 1.0
Content-Type: text/plain



At 07:43 AM 10/1/98 -0500, Jim Choate wrote:
> Personaly, 3 Mile Island in a un-regulated industry scares
> the hell out of me...and I support nuclear power. Look at
> the fiasco of Chernobyl in a control market.

Observe that the level of harm is approximately proportional
to the level of government regulation.

You presuppose that government officials will be more
virtuous than private individuals.  This is obviously
unlikely, since they have less reason to fear retribution
than private individuals.

    --digsig
         James A. Donald
     6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG
     KbuqgbXneCGpwCkzD74HaiFd/J5YwQM2KIGMZj5R
     4MnABV61Fum7fXVJ9y0SGutgtOy0PncqHqIN0Mlc9
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We have the right to defend ourselves and our property, because 
of the kind of animals that we are. True law derives from this 
right, not from the arbitrary power of the omnipotent state.


http://www.jim.com/jamesd/      James A. Donald