Bob is a fraudulent engineer. He said a bridge is safe. He is bribed to do so. It's not. Your son died.
You want justice. You tell people. Bob is a fraudulent engineer. He said a bridge is safe. He is bribed to do so. It's not. Your son died.
What can happens? You can get sued for defamation. Bob may be false. You need to proof that he intent to lie. You need to proof that he is bribed. The bribe may be legal. Maybe he is paid millions as speaking fees by the bridge promoters. People argue what's the meaning of the word "safe". Bob statement that the bridge is safe may be true on technicality. It would be safe if people walk very carefully and avoid the holes.
Okay, may be that's not a good analogy. However, we have similar cases in many part of the world. Someone said that religious leaders are lying and they get killed for blasphemy.
How does free market works?
Bob is a fraudulent engineer. He said a bridge is safe. Your son died.
No body would ever hire Bob again.
Period.
No body pick the wrong stocks deliberately. The beauty of free market is that it judges mainly results. Because people are judged mainly by results they aim for results. And that's the only way to motivate people. Judge them and reward them by result and only result.
You want justice. You tell people. Bob is a fraudulent engineer. He said a bridge is safe. He is bribed to do so. It's not. Your son died.
What can happens? You can get sued for defamation. Bob may be false. You need to proof that he intent to lie. You need to proof that he is bribed. The bribe may be legal. Maybe he is paid millions as speaking fees by the bridge promoters. People argue what's the meaning of the word "safe". Bob statement that the bridge is safe may be true on technicality. It would be safe if people walk very carefully and avoid the holes.
Okay, may be that's not a good analogy. However, we have similar cases in many part of the world. Someone said that religious leaders are lying and they get killed for blasphemy.
How does free market works?
Bob is a fraudulent engineer. He said a bridge is safe. Your son died.
No body would ever hire Bob again.
Period.
No body pick the wrong stocks deliberately. The beauty of free market is that it judges mainly results. Because people are judged mainly by results they aim for results. And that's the only way to motivate people. Judge them and reward them by result and only result.