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Strawman says "You are claiming that the optimal configuration (minimized overall cost) is achieved by less fire trucks - ie that the government got it wrong (again). Hardly a strong argument for government monopoly then, is it?" WRONG because, as VOR pointed out, insurance companies have incentives (short-term profitability at the risk of long-term bankruptcy) to underinvest in firefighting. Strawman says: "...if people are stupid enough to insure with that kind of insurer - then let them." BUT VOR says the aim of an economic system is normally taken as being to maximise wellbeing - Strawman's survival of the fittest attitude belongs with the rest of his arguments - in an earlier millenium. Strawman says "Very few directors skip to Majorca. This does not mean they always get it right - but they are not high-flying edge-of-the-seat Skase types. They are also generally much more closely regulated than property developers." BUT VOR says, firstly, that it's not clear that the thousands of investors "burned" in the process would take much comfort from this. And more importantly, when Strawman has to rely on the fact that other directors are, quote, GENERALLY MORE CLOSELY REGULATED THAN PROPERTY DIRECTORS, unquote, Strawman unwittingly recognises the limits of the "free" market and the need for government regulation. Glad to see that you're a fan of government after all, Strawman - hahahah. Strawman claims that he doesn't know what VOR speaks about when he says "trains": BUT VOR says: Ever heard of British Rail and its private successors Strawman says he still waiting for VOR to speak with reason. VOR suggests that Strawman is getting desperate.
VOR- TheVoiceOfReason
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