Quote:
Originally posted by arz
Except that a lid and as proposed a very small lid on claims would mean that for many large institutions it would be cheaper to behave badly and pay out than to behave well. The whole idea of the tort system is to make bad behavior very very expensive, thus encouraging good behavior.
$100 000 per incident to Ford or Chevron or GE is nothing.
Nothing at all.
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To those companies $1million is nothing at all because they are so huge. One of the reasons they are so huge is the smaller companies have been bankrupted by product liability lawers and insurance. Competition is the best way to keep them from behaving badly.
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The descent of man ~ Nixon, Friedman, Reagan, Trump.
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09-12-2003, 03:32 AM
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