> I would also add that you can't make any more money selling drugs to people you have killed.
That assumes that people are playing a long game. If you're looking for your payday and exit, and there are many people out there who are only looking for the next payday, this argument falls apart.
> Moreover, a relatively small number of dangerous flops will tank your reputation with consumers.
One success the anti-vax people have achieved is to muddy the waters around this. Your public reputation is no longer correlated to actual performance.
> Liability means that you are incentivized to be quite cautious in pushing a potentially dangerous product
There's a long list of people throughout history who do not have this caution at all.
You seem to be taking a theoretical economics approach. Reality is different. People are not perfectly rational actors, and consequences are not consistent.
Look at what actually happens in reality.
That assumes that people are playing a long game. If you're looking for your payday and exit, and there are many people out there who are only looking for the next payday, this argument falls apart.
> Moreover, a relatively small number of dangerous flops will tank your reputation with consumers.
One success the anti-vax people have achieved is to muddy the waters around this. Your public reputation is no longer correlated to actual performance.
> Liability means that you are incentivized to be quite cautious in pushing a potentially dangerous product
There's a long list of people throughout history who do not have this caution at all.
You seem to be taking a theoretical economics approach. Reality is different. People are not perfectly rational actors, and consequences are not consistent.
Look at what actually happens in reality.