What is money - part deux

[moda0306]

Murder doesn't usually save corporations money, and is super high-risk.

Serving shitty food on the other hand....


If I knew that the worst ramification to my business by engaging in behavior so risky that people could die was a disgruntled employee or customer, I'd do FAR less in preventative care towards that risk.

Further, let's say the life insurance company believes TB has a duty to pay, but TB doesn't, how is this settled?  They never entered a contract with each other?  There was no pre-decided arbiter, and even if their was, what if TB rejected the arbiter's authority?

This could go on and on.  Uncertainty as to a "final verdict" would lead to huge economic uncertainty and lots of continued arguing and conflicts.  Quite potentially, violence. Or people just simply quit engaging in economic transactions unless they absolutely have to.

[Libertarian666]

Murder doesn't usually save corporations money, and is super high-risk.

Serving shitty food on the other hand....


If I knew that the worst ramification to my business by engaging in behavior so risky that people could die was a disgruntled employee or customer, I'd do FAR less in preventative care towards that risk.

Further, let's say the life insurance company believes TB has a duty to pay, but TB doesn't, how is this settled?  They never entered a contract with each other?  There was no pre-decided arbiter, and even if their was, what if TB rejected the arbiter's authority?

This could go on and on.  Uncertainty as to a "final verdict" would lead to huge economic uncertainty and lots of continued arguing and conflicts.  Quite potentially, violence. Or people just simply quit engaging in economic transactions unless they absolutely have to.

This is addressed by the "General Submission to Arbitration" and related topics that are discussed in the book that I keep mentioning in the other thread. Does no one want to see what someone else has put together on this important topic?

[Kshartle]

  Uncertainty as to a "final verdict" would lead to huge economic uncertainty and lots of continued arguing and conflicts.  Quite potentially, violence. Or people just simply quit engaging in economic transactions unless they absolutely have to.

What is certain about the government's justice system? Would you say there is fairly equal justice for people right now?

Think of the millions of dead Iraqis. Where is the justice the government is supposed to provide?

I'll suffer the uncertaintly over who coughs up the money for the taco death.

[doodle]

this topic reminded me of this for some reason.

1) "Stu, is no rape in Luna. None. Men won’t permit. If rape had been involved, they wouldn’t have bothered to find a judge and all men in earshot would have scrambled to help."

2) “All our customs work that way. If you’re out in field and a cobber needs air, you lend him a bottle and don’t ask cash. But when you’re both back in pressure again, if he won’t pay up, nobody would criticize if you eliminated him without a judge. But he would pay; air is almost as sacred as women. If you take a new chum in a poker game, you give him air money. Not eating money; can work or starve. If you eliminate a man other than self-defense, you pay his debts and support his kids, or people won’t speak to you, buy from you, sell to you.”?

3) But we figure this way: If a man is killed, either he had it coming and everybody knows it
—usual case—or his friends will take care of it by eliminating man who did it. Either way, no problem. Nor many eliminations. Even set duels aren’t common.”?

Yep, in small close knit towns where everyone knows each other that works....not in giant impersonal industrial cities of 15 million people.

Libertarianism works, if we go back to living like we did hundreds of years ago.

In that second example where a guy kills another one but not in self defense, the punishment is that if I don't support his family that no one will talk to me? Ostracization works as a tool of justice when you have to live somewhere for the rest of your life.....nowadays I'd just pack up and move to another city and make new friends.

[Libertarian666]

this topic reminded me of this for some reason.

1) "Stu, is no rape in Luna. None. Men won’t permit. If rape had been involved, they wouldn’t have bothered to find a judge and all men in earshot would have scrambled to help."

2) “All our customs work that way. If you’re out in field and a cobber needs air, you lend him a bottle and don’t ask cash. But when you’re both back in pressure again, if he won’t pay up, nobody would criticize if you eliminated him without a judge. But he would pay; air is almost as sacred as women. If you take a new chum in a poker game, you give him air money. Not eating money; can work or starve. If you eliminate a man other than self-defense, you pay his debts and support his kids, or people won’t speak to you, buy from you, sell to you.”?

3) But we figure this way: If a man is killed, either he had it coming and everybody knows it
—usual case—or his friends will take care of it by eliminating man who did it. Either way, no problem. Nor many eliminations. Even set duels aren’t common.”?

Sounds good to me. Too bad I'm too old to emigrate to Free Luna.