On Mon, 23 Oct 2000, Jim Choate wrote:
In a un-regulated market the insurance companies will focus on profits alone and that unfortuantely (and much to the chagrin of the libertarian/anarchy crowd) means that there will actualy be LESS insurance available and it will exist at a higher cost.
That could only happen, without regulation, if monopoly powers were abused pretty badly. I don't think this one has a pulse.
Hell, look at the aircraft industry for contrary evidence.
I think that is the worst possible example of a poorly working 'free' market. It's heavily driven by military funding and *strictly* regulated even when not. Generally the only intrinsically bad side I can think of is the high barrier of entry caused by massive R&D and materials investment and low volume deliveries.
And what you seem to miss is that your 'free market' theory is screwed for the simple reason that real life doesn't conform to free market theory without some major modifications (that happen to require at least light regulation).
Hmm. This is rather pointless when the opposition does not care about casual death/suffering/whatever. Sampo Syreeni <decoy@iki.fi>, aka decoy, student/math/Helsinki university