[thinknubpad]

It's cost-prohibitive to start a new business in those fields due to large-scale regulatory capture and capital barriers. How many new car companies have been successful in the past decade without the personal fortune of a multi-billionaire?

The existentence of one or two enormous hidebound sequoias in a forest is not a good indication of its overall health.

[wbl]

And nevertheless they pay out on those policies time and again, providing a lot of social value.