Moral Hazard & the Free Market

[Lightfiend]

The concept of “moral hazard” is one that arises often in libertarian philosophy. It stands to reason that the farther a person is removed from the consequences of his or her actions, the more willing that person may be to risk disaster for personal gain. We see it often in the realm of government — politicians willing to sacrifice lives in war because, of course, it is not they who will be subjected to the killing fields; politicians willing to drive families from ancestral lands because, of course, it is not they whose families will be dispossessed; politicians willing to deliver future generations into pauperism because, of course, it is not they whose progeny will become destitute. We as libertarians see these actions and decry both their consequences and justifications as abuses of arbitrary power.

Remainder here

Forum copyright policy, to be found HERE, prohibits the posting of pieces in their entirety.

~Dude

 

[Oddball]

^^^^^^^^^^^^^^^^
Damn straight!

 

[Big Fitz]

Jason Lewis lectures on this all the time. It's unbelievably accurate as a theory.

 

[hortysir]

My Favorite!!!!


[ame="http://www.youtube.com/watch?v=ffHcGlF0xDw"]YouTube - Merle Haggard - Mama Tried[/ame]









Ooohhh!!!!

MORAL HAZARD.......my bad.

Thought ya said Merle Haggard


Great Post, BTW