- On Wednesday’s edition of The Majority Report, the chairman of the board of the Ayn Rand Institute said the condo association of the Champlain Towers “made a bad decision” and suffers the consequences of it.
- Yaron Brook told Seder that in a truly free market, the company that insures a building should hire its own inspector to certify it’s safety.
- Seder said that government and private inspectors both expressed concerns about the structural integrity of the building well before it collapsed.
Michael Luciano from Mediaite writes:
“On Wednesday’s edition of The Majority Report, the chairman of the board of the Ayn Rand Institute said that the condo association of the collapsed of the Champlain Towers South in Surfside, Florida “made a bad decision” and that it is rightly suffering the consequences of it.
Yaron Brook told an incredulous Sam Seder that in a truly free market, the company that insured the now collapsed building would have hired its own inspector to ensure the building was structurally sound. “Now, in the world we live in today, they don’t,” said Brook, “Because they rely on the government inspector.”
Seder responded by saying government and private inspectors had expressed concerns about the structural integrity of the building. “The private owners of that building made the decision not to fix it.”
“Then why are we worried about it?” asked Brook. “They made a decision and they suffered the consequences.”
“Because there’s a hundred and fifty dead people,” Seder replied.
“People who made a decision,” said Brook, “Who made a bad decision and suffer the consequences of it. I’m not justifying the building collapsing. I’m saying that people make decisions. If I make a decision to walk into the street without looking, should the driver be limited in his capacity to drive because I made a stupid decision?…”
See full story here.
Categories: Business, Government, Politics
Economic Left 
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