Regulation and Risk
The discussion revolves around the effectiveness of regulation in reducing workplace hazards compared to the preregulatory era. While acknowledging that the world is safer today largely due to increased wealth, the complexities of probabilistic harms, such as global warming, challenge traditional views on property rights and regulatory frameworks. Concerns are raised about the need for global governance to address these issues, potentially distancing decision-makers from the people most affected.In this clip
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EconTalk
Tyler Cowen on Liberty, Art, Food and Everything Else in Between
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