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Re: I thought of an initialy regulated industry!...


At 07:43 AM 10/1/98 -0500, Jim Choate wrote:
> Personaly, 3 Mile Island in a un-regulated industry scares
> the hell out of me...and I support nuclear power. Look at
> the fiasco of Chernobyl in a control market.

Observe that the level of harm is approximately proportional
to the level of government regulation.

You presuppose that government officials will be more
virtuous than private individuals.  This is obviously
unlikely, since they have less reason to fear retribution
than private individuals.

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         James A. Donald
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