Rick Perry says, “Come to Texas where your business won’t be burdened with regulations!” Unfortunately, this graph isn’t cooperating very well with his slogan.
There isn’t too much else to say about this graph, except maybe to point out this:
When Rand Paul says, “We don’t need regulations, just let market forces decide who wins and loses….”
The “market forces” that he is talking about include things like this.
That’s what “let market forces decide” means: the “force” that prevents sloppy businesses from succeeding sometimes include violent explosions.
So there you have it: This is capitalism at work. And we all love capitalism. Therefore, you can’t be mad about this explosion that killed 14 people. Because that would mean you hate America. Q.E.D.
NOTE: Exact values are not shown in the above graph, but the magnitudes of the bars are estimated based on estimated damages and insurance claims made during comparable tragedies.