{"id":131467,"date":"2016-09-09T04:51:57","date_gmt":"2016-09-09T10:51:57","guid":{"rendered":"http:\/\/hill-kleerup.org\/blog\/2016\/09\/09\/on-the-inequitable-sharing-of-risk.html"},"modified":"2016-09-09T00:36:02","modified_gmt":"2016-09-09T06:36:02","slug":"on-the-inequitable-sharing-of-risk","status":"publish","type":"post","link":"https:\/\/hill-kleerup.org\/blog\/2016\/09\/09\/on-the-inequitable-sharing-of-risk.html","title":{"rendered":"On the Inequitable Sharing of Risk"},"content":{"rendered":"

One of the drawbacks to our capitalist, business-focused system, is that we privatize profits, but publicize risks. That is to say, when people make a profit from doing something useful, that profit generally goes to those people \/ that corporation. But when people cause damage in pursuit of profit, those damages generally get paid for out of the public pocket, due to exemptions, loopholes, insurance, court delays, bankruptcies, or just general cheating. The impact of mistakes (or malice) gets absorbed by everyone.<\/p>\n

A fine look at the phenomenon and a variety of examples here:
http:\/\/www.stonekettle.com\/2016\/09\/standing-rock.html<\/a><\/p>\n

Tightly coupled to this is the idea that Shit Happens. Mistakes Are Made. Sooner Or Later, Boom. <\/p>\n

If someone assures you that something will never leak, that idiot-proof systems will never fail, that everyone is well-trained in all the proper processes, that nobody will ever be negligent or tired or drunk or complaisant or distracted, that nothing can ever, possibly, go wrong here — then they are either Pollyannaesque optimists, or are trying to take advantage of you, most likely in order to shift the risk of their operations to the public who will have to absorb the costs of clean-up and economic damage to people's livelihoods.<\/p><\/blockquote>\n

<\/a><\/div>\n
\n<\/a>\u00a0\n<\/div>\n

View on Google+<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

One of the drawbacks to our capitalist, business-focused system, is that we privatize profits, but publicize risks. That is to say, when people make a profit from doing something useful, that profit generally goes to those people \/ that corporation. But when people cause damage in pursuit of profit, those damages generally get paid for … Continue reading “On the Inequitable Sharing of Risk”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":131468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[106,35,63],"tags":[],"class_list":["post-131467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-plusposts","category-big-business","category-environment"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2016\/09\/main_12005B15D.jpgimgmax=660.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":14705,"url":"https:\/\/hill-kleerup.org\/blog\/2009\/05\/05\/in-a-perfect-world.html","url_meta":{"origin":131467,"position":0},"title":"In a perfect world …","author":"***Dave","date":"Tue 5-May-09 11:27am","format":false,"excerpt":"Daily KOS writer Devilstower writes an excellent article on\u00a0\"How Freedom Was Lost,\" about why it is that we don't live in a Randian Libertarian Paradise where government is non-existent and people can pursue their personal profit to their hearts' content. The reason is simple:\u00a0\u00a0when we've tried that, people die. The\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"https:\/\/hill-kleerup.org\/blog\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32069,"url":"https:\/\/hill-kleerup.org\/blog\/2013\/01\/04\/helping-peter-david.html","url_meta":{"origin":131467,"position":1},"title":"Helping Peter David","author":"***Dave","date":"Fri 4-Jan-13 10:59pm","format":false,"excerpt":"As mentioned earlier, SF\/Fantasy\/Comics author Peter David suffered a stroke a few days ago. He's making progress, but the family's hitting the (sadly) usual bumps of both deductible costs (it happened on the 31st, so after paying out the deductibles in the first hours of the crisis, now they get\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8109,"url":"https:\/\/hill-kleerup.org\/blog\/2005\/05\/18\/a_high_pitched.html","url_meta":{"origin":131467,"position":2},"title":"A high-pitched wine","author":"***Dave","date":"Wed 18-May-05 12:43pm","format":false,"excerpt":"Some nice advice on ordering wine in a restaurant. Good stuff, though I was chagrinned to see this item: Restaurant owners will often price the wine they buy cheapest at...","rel":"","context":"In "Wine, Beer, & Liquor"","block_context":{"text":"Wine, Beer, & Liquor","link":"https:\/\/hill-kleerup.org\/blog\/category\/food-drink\/food-drink-wine"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133778,"url":"https:\/\/hill-kleerup.org\/blog\/2017\/07\/02\/health-care-for-fun-and-profit-without-the-fun.html","url_meta":{"origin":131467,"position":3},"title":"Health Care for Fun and Profit (without the Fun)","author":"***Dave","date":"Sun 2-Jul-17 8:23am","format":false,"excerpt":"A fascinating look at the history of health insurance in the United States, focused on Blue Cross \/ Blue Shield, and how a variety of originally good intentions have metastasized into a for-profit behemoth that perpetually drives higher health care prices in order to get a cut of the pie.There\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132918,"url":"https:\/\/hill-kleerup.org\/blog\/2017\/02\/23\/criminal-justice-for-fun-and-profit-or-at-least-profit.html","url_meta":{"origin":131467,"position":4},"title":"Criminal Justice for Fun and Profit. Or, at least, Profit","author":"***Dave","date":"Thu 23-Feb-17 10:10pm","format":false,"excerpt":"Anyone surprised that Donald Trump and Jeff Sessions have decided to reverse the Obama policy to move away from for-profit private prisons. Because what can possibly go wrong with the government signs contracts with private prison companies and they get to decide how to meet their margins -- especially when\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22294,"url":"https:\/\/hill-kleerup.org\/blog\/2011\/08\/21\/unblogged-bits-sun-21-aug-11-1730.html","url_meta":{"origin":131467,"position":5},"title":"Unblogged Bits (Sun. 21-Aug-11 1730)","author":"***Dave","date":"Sun 21-Aug-11 5:30pm","format":false,"excerpt":"Links (most recent first) that caught my eye, but did not warrant full-blown blog entries .... Fifteen most annoying restaurant website mistakes: please stop it - Denver Restaurants and Dining - Cafe Society - Print Version - I'm more likely to make reservations at a place that is on OpenTable,\u2026","rel":"","context":"In "Potpourri"","block_context":{"text":"Potpourri","link":"https:\/\/hill-kleerup.org\/blog\/category\/potpourri"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/131467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/comments?post=131467"}],"version-history":[{"count":1,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/131467\/revisions"}],"predecessor-version":[{"id":131479,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/131467\/revisions\/131479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media\/131468"}],"wp:attachment":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media?parent=131467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/categories?post=131467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/tags?post=131467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}