In part, it comes from our comprehensive adoption of the EU principle of an extreme type of Precautionary Principle. It's why the EU will not embrace AI and why we should not import their rules on GM and so on. Also, the continental systems based on the Napolenic Code, as opposed to the English common law, which culturally regards anything that isn't regulated by the State as deeply suspect. Whenever a freak, 1 in a 1,000 accident occurs - up goes the cry - we need a law to stop this ever happening again. And then there is the arrant nonsense of "you can't put a monetary value on a human life".
Much appreciated, thank you. I could have mentioned Huskisson. These days, his unfortunate death would have precipitated at least a Royal Commission and an obligatory delay of at least 10 years in the roll out of passenger rail transport while every conceivable risk was evaluated and mitigated.
The odds that you mention (£50k for a 50% chance at £1M) were pretty much the same when buying a share of a company to run almost 20 years ago. It took 5 years but the risk paid off.
There were a lot more than a couple of dozen opposed to the lockdowns. Not a majority, I'll grant you, but a lot nonetheless. Almost everybody in my circle was against but, unlike you, we didn't have a voice. With the MSM, the bureaucracy and all of the main political parties in favour, what chance did we stand?
Thank you for providing an interesting, informative and thought provoking article.
Unfortunately I and others would argue, that objectively we are already a third world country in so many ways, and that we are busily engaging in the acts of increasingly and rapidly divesting ourselves and of the last remaining trappings and vestiges of the first world.
In part, it comes from our comprehensive adoption of the EU principle of an extreme type of Precautionary Principle. It's why the EU will not embrace AI and why we should not import their rules on GM and so on. Also, the continental systems based on the Napolenic Code, as opposed to the English common law, which culturally regards anything that isn't regulated by the State as deeply suspect. Whenever a freak, 1 in a 1,000 accident occurs - up goes the cry - we need a law to stop this ever happening again. And then there is the arrant nonsense of "you can't put a monetary value on a human life".
You read my mind!!
Much appreciated, thank you. I could have mentioned Huskisson. These days, his unfortunate death would have precipitated at least a Royal Commission and an obligatory delay of at least 10 years in the roll out of passenger rail transport while every conceivable risk was evaluated and mitigated.
The odds that you mention (£50k for a 50% chance at £1M) were pretty much the same when buying a share of a company to run almost 20 years ago. It took 5 years but the risk paid off.
I’m seventy now; how many would do it today?
There were a lot more than a couple of dozen opposed to the lockdowns. Not a majority, I'll grant you, but a lot nonetheless. Almost everybody in my circle was against but, unlike you, we didn't have a voice. With the MSM, the bureaucracy and all of the main political parties in favour, what chance did we stand?
Thank you for providing an interesting, informative and thought provoking article.
Unfortunately I and others would argue, that objectively we are already a third world country in so many ways, and that we are busily engaging in the acts of increasingly and rapidly divesting ourselves and of the last remaining trappings and vestiges of the first world.