October 26, 2007 · 12:13 p.m.
Inequality Files, California Fire Edition
Via reader JL comes this story from Bloomberg: AIG‘s Private Fire Trucks Protect Homes of Wealthy Californians
It’s a little known fact that back in the 19th century, most fire-fighting was done by private companies. The way it worked is that you would pay a certain company to protect you and in exchange they’d give a medallion that you would put on your building. Of course, this didn’t work out very well. But why not give it another try in the 21st century?
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