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Reply #20: While all economic systems can be corrupt, [View All]

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LARED Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-12-06 06:15 PM
Response to Reply #19
20. While all economic systems can be corrupt,
Edited on Sun Feb-12-06 06:28 PM by LARED
Capitalism tends to be less corrupt than others, because those pesky capitalist tend to insist on maximizing their capital. Corruption always has a price and so in a competing market being corrupt has a price.

What this mean in this context is that in any economic system it might make sense that a building code inspector might be corrupt or law makers might create a flimsy law to help uncle Ernie that sells some construction material, it is almost impossible for them to institutionalize a worthless requirement (un-like fireproofing steel framed buildings) in the entire United States.

One good reason is that when non-fireproofed buildings fall down and kill firemen and civilians there just might be some liability attached to not minimizing a well known risk.

But hey, I you want to believe fireproofing is required just for giggles, be my guest.

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