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If I were being charitable, the article is saying "Yes, they were grossly and intentionally negligent, but it was only because they were rationally maximizing p
by smadge 8y ago
If I were being charitable, the article is saying "Yes, they were grossly and intentionally negligent, but it was only because they were rationally maximizing profit given the market and regulatory environment."
- eli_gottlieb 8y agoThat's not intellectual charity. That's a pointed criticism of capitalism.
- hackeraccount 8y agoRegulation makes things safer. It destroys competition and raises prices. Seems like it was a reasonable trade off in this case.