Comments by "Aden Wellsmith" (@adenwellsmith6908) on "Limited liability companies cause moral hazard" video.

  1. Railways I think was the major impetus.
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  2. Moral Hazard. Lets see. Take trillions from the workers saying you will give them an old age pension Spend all the money Hide the debts off the balance sheet. Make sure you get a fat cat pension and make sure your pension has capital. When there's a short fall in capital, vote yourself more money. Yep that's socialism for you. Nicholas Taleb published a good book on it called "Skin in the Game". When it comes to politicians and Civil Servants like Richard they have no Skin in Game. It's just that new business model of the state for Extortion.
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  3.  @abody499  The NHS, acute hospitals only, kills 20,000 a year from mistakes. So why do NHS staff do that?
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  4. So lets see with the Post Office. How many go down there? That will be the proof by contradiction. What I predict is that no one who is a civil servant or MP gets sent down for it. It's a public state owned set up.
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  5.  @johnwright9372  If you commit an offence even as an employee you get done for the crime.
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  6. Nah, the head of the BoE revealed the real reason the other day. Mass migration.
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  7. So talking of big problems. Where are the trillions the workers have paid the socialist welfare state for their old age?
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