17 May 2019

Let's Make Some Smores

Not just Brownies make smores around the campfire. But PG&E now admits that it keeps on burning down NoCal.

The strongest argument for allowing the Damn Gummint to interfere in the Free Market is PG&E's behavior. We should be e(x)ternally grateful to them. Without strong regulation of large entities (too big to fail ring a bell?), compensating the injured for gross externalities is a joke. Corporations aren't constrained to hold sufficient resources to cover damages they may inflect on the public. The whole point of the corporation is to wall off assets from seizure. An ounce of prevention and all that. Next time you fly in a 737Max, if you ever do, count your blessings if you land in one piece.

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