Harry Pollard wrote:
>
> Brad,
>
> There may be better ways, but the simplest is to use performance bonded
> management firms. Anything that needs to be done (such as pipe replacement
> in a water district) can be written into the contract.
[snip]
If I understand this correctly, I think it is a
great idea.
The kind of "private property" and "free enterprise" I can
feel good about is property and enterprise that is bonded
(one of my first jobs was for United States Fidelity and Guaranty
Co., which made their money mostly from surety and performance
bonding). I think I have already indicated some
more radical ideas in this direction, but maybe
there are more than one way to skin The Invisible Hand --
excuse me, I meant: skin a cat.
But we have a problem: When the going gets tough, what will
the bonding companies do? Will they raise rates to the
point that nobody can afford insurance? Will the taxpayers bail them
out? Obviously one part of the solution here is for
the bonding companies to vigorously work with
the insureds to find ways to reduce risks and reward
those who are diligent about taking care with lower rates.
I am sure there are lots of other problems on the road
to this potentially hopeful "third way" (2-1/2 way?)
for minimizing the
opportunities for The Invisible Hand to hand us bad surprises,
but also to avoid the opposite problem of "socialist"
bureaucracy.
Surely this is a policy Mr. George W Bush should
enthusiastically embrace (unless what he really
wants is for himself and his fellow travellers
to "make killings").
Do it yesterday!
\brad mccormick
--
Let your light so shine before men,
that they may see your good works.... (Matt 5:16)
Prove all things; hold fast that which is good. (1 Thes 5:21)
<![%THINK;[SGML+APL]]> Brad McCormick, Ed.D. / [EMAIL PROTECTED]
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