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by infecto 41 days ago
I have always gravitated towards a market model. Force police, like doctors, to have malpractice insurance. Let for-profit insurance companies model what that risk looks like. Now cities have to make a financial decision when hiring cops that is directionally accurate to the risk of said cop. Imperfect but I don’t believe perfect systems exist.

But this goes back to government agencies never thinking about budgets. Modern politics is about marketing a tax reduction but never how that impacts the budget.

3 comments

Absolutely! This would also mean when cops break the law taxpayers don't pay out. Their privately held insurance does. Enough bad behavior and a criminal cop becomes uninsurable. This also prevents the abuse where a criminal cop gets fired, then moved over to another jurisdiction to repeat the process all over again. The insurance companies should have to share history with one another.

Perhaps the only tweak would be to regulate these insurance companies to control their profit margins. We don't want to end up in the same situation as medical insurance in the US. Tax payers will have to pay some of the insurance premiums indirectly. So this idea can work well so long as insurance is in that goldilox zone: enough to provide incentive for the companies to exist, but not so much that their greed creates an even worse system.

> but not so much that their greed creates an even worse system.

The market model won't work because greed isn't real when discussing corporations. That's like calling a tree growing towards the sun "greedy." No, the tree is fulfilling it's biological imperative: put more leaves closer to the sun.

Corporations must maximize profit. The corporation that maximizes profit best is the one that can consume other ones and tend towards monopoly, the perfect state. All actions are permitted when fulfilling biological imperative.

So, trying to fenangle a market based solution to police brutality issues will result in a couple predetermined outcomes: insurance payouts won't happen because why would they voluntarily pay, furthermore, cop insurance companies would leverage their superior capital to lobby the government to protect their profit margins, which individuals can't prevent through market efforts or individual actions since the corporation's power is so much greater.

That might help for straight up murder cases, but I think it leaves a LOT of room for continued abuse of position and power with the only real risk being a small increase in monthly payment to offenders that makes it seem acceptable.
Then what is your proposal?

I actually think a system like this does a lot better than you might imagine. There are quite a few lawsuits for abuse of power beyond murder cases. It’s far from perfect but helps set the directional cost.

yeah market models are working so great everywhere else...
Instead of being hyperbolic why don’t you share your idea then?

Markets are not perfect but on average they do a decent job of finding equilibrium.

“Democracy is the worst form of government—except for all the others that have been tried.”

I'll join in to proffer that where they lack, it's often exactly the sort of thing you describe: some externality is missing in the price
Agree but better than the system we have today. There will always be issues with it but I think on average it would better incentivize hiring lower risk employees.
I'm agreeing with you: it would essentially be applying a missing cost to the current externalities
Yes, I was agreeing with you and just saying differently that no system is perfect but it would attempt too price as best as possible.