Posted by Kromey at 12:18am Sep 26 '12Perversely, the very customers with the power to "discipline the market" (i.e. the low risk ones) stand to benefit from going with the companies with the most aggressive risk rating practices.
Well then, it's a good thing that no one has ever said this is how it would work.
It's not that those who benefit the most will "discipline the market", it's that consumers will -- even if it costs a little bit more, consumers will gravitate toward better service. In fact it happens all the time, every day, in today's insurance market -- people go to insurance companies that charge a bit more to get better service. It happens with banks, too -- people choose banks that have more and bigger fees because they like the service better. And with...
You get the idea. You've created a false dichotomy -- either your over-regulated market, or a perverse world where everyone chooses piss-poor service. The problem is that we can already see today that your version of reality, well, isn't.
Well then, it's a good thing that no one has ever said this is how it would work.
It's not that those who benefit the most will "discipline the market", it's that consumers will -- even if it costs a little bit more, consumers will gravitate toward better service. In fact it happens all the time, every day, in today's insurance market -- people go to insurance companies that charge a bit more to get better service. It happens with banks, too -- people choose banks that have more and bigger fees because they like the service better. And with...
You get the idea. You've created a false dichotomy -- either your over-regulated market, or a perverse world where everyone chooses piss-poor service. The problem is that we can already see today that your version of reality, well, isn't.
Re: Picking Through Gary Johnson's Positions - Kromey