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Insurance

A Proper Public Policy for Dealing with Hurricanes and Other Natural Diasters by Thomas A. Bowden (September 23, 2008)
In a free market--without tax-paid levees, government disaster relief, or subsidized insurance--anyone who contemplates building or buying property in a high-hazard area will need to face hard facts about the local history of natural disasters, the efficacy and cost of preventive measures, and the availability of insurance.

Let's Stop Making Disasters More Disastrous by Thomas A. Bowden (August 29, 2008)
The Katrina tragedy should have called into question the so-called safety net composed of government policies that actually encourage people to embrace risks they would otherwise shun--to build in defiance of historically obvious dangers, secure in the knowledge that innocent others will be forced to share the costs when the worst happens.

Before and After Hurricane Katrina: How Government Makes Disasters More Disastrous by Thomas A. Bowden (April 30, 2008)
In a free market--without tax-paid levees, government disaster relief, or subsidized insurance--anyone who contemplates building or buying property in a high-hazard area will need to face hard facts about the local history of natural disasters, the efficacy and cost of preventive measures, and the availability of insurance.

 


 

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Recommended Reading:
Capitalism: The Unknown Ideal
by Ayn Rand

Whether you are one of capitalism's alleged champions (Conservatives, Libertarians, etc.), or actually one of its defenders (a rarity in today's culture), or a part of the "humanitarian" lynch mob that seeks to burn a straw man, or just a curious observer -- read Ayn Rand's Capitalism: The Unknown Ideal -- and then judge for yourself.
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