Quote Originally Posted by Kadagar_AV View Post
Haven't studied economics much, have you?
I assume in addition to being a language teacher, history teacher, ski instructor and special forces fighter you also studied economics?

Let's just say that I am not entirely unfamiliar with economics and the relevant industry.

Imagine you are a company for a second or two, you have two options:

1. 1% chance of something bad happening costing you 50% profit.
2. Not care about that and save 5 billion that could have prevented it.

From a economic perspective, you would be crazy to go with option A. After all, 99 times out of 100 you would go 5 billion more plus.This is very much the American way of thinking. And yes, economy is better of for it!
The problem with your argument is that you entirely made up the numbers. Your assumption for option A are not even close to reality in this case.