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1 year ago
1 year ago
No, because the airlines would never internalize the risks that the place society in by their activities unless: we impose strict liability for any breach of security on the airline.
In other words, we would make American Airlines and United entirely responsible for all of the damage done by their airplanes hitting the World Trade Center on 9/11.
As part of such strict liability, we would require airlines to be bonded and insured against such catastrophic losses.
Is that part of your proposal?