Tort Reform is Anti-Free Market

The Texas House is considering #HB19, which shifts the costs of tragic wrecks caused by trucking companies onto the victims, and away from insurance companies and trucking companies. This is the latest effort at “tort reform,” which is usually thought of as coming from “conservative” Republicans. In this episode, I explain why there is nothing conservative about this bill, but it is instead a horrible example of #CronyCapitalism. Furthermore, crony capitalism is a gift to socialists who attack capitalism because it lets them compare socialism to crony capitalism instead of free market capitalism. If you compare socialism to crony capitalism, you have a fair fight. But socialism has no chance against true free market capitalism.