Society has a response to (a) and (b). It is called a social net, based on solidarity: it works like insurance schemes should (not speaking of fraudulent market

Society has a response to (a) and (b). It is called a social net, based on solidarity: it works like insurance schemes should (not speaking of fraudulent market schemes, e.g. the US health insurance). I think the biggest problem is, that you despise pooling resources into social systems purportedly designed to help in (a) and (b). "Old" Europe has suffered enough in WWII to recognize the importance of it, and erect such a system, which is frowned upon by "risk tolerant entrepreneurship" (they have enough personal wealth to fall back on). This social net you are missing is being therefore dismantled in the EU as well, since it is regarded as uncompetitive compared to the US or China. It is a race to the bottom (if you compete with slaves, you become a slave*), of which the GOOG kindergarten is just a sign. http://en.wikiquote.org/wiki/Norbert_Wiener http://en.wikiquote.org/wiki/Norbert_Wiener