>I do, which means it isn't government regulations that are stopping my next door neighbor from starting a pig farm, but the voluntarily adopted by-laws of the community, funded by the dues paid by homeowners. Do you have any evidence that homeowners in such communities pay more for the same benefits, on average, than homeowners in towns and cities where the local government's zoning laws are the applicable regulations?

That depends, what are your fees and what are the powers of your HOA? Seems a bit onerous to have to do a deep dive into a contract that covers everything that zoning laws and the like would have to cover just to see if that area is suitable to my needs.

>How much would you have paid in a free market where the inspection certificate inside the elevator was issued by an inspector hired by the insurance company that had liability for any injuries caused by a defect in the elevator...

And how do I check if that insurance company is legitimate every time I decide to use an elevator? In the case that they are legitimate how do I know they are not making actuarial judgement on the relative value of the human lives when it comes to inspection resources? IOW if I am visiting a building in a lower class neighborhoods, do I assume that fewer resources have been spent making sure the equipment in the area is safe?

>I didn't know dioxin was even an option for street sealing...

Neither did the residents of Times Beach, Missouri. http://en.wikipedia.org/wiki/Times_Beach,_Missouri#Dioxin_co...

Do you think Russell Bliss, the waste hauler that was hired to seal the town's streets, had enough money or enough liability coverage to reimburse the entire town which had to be abandoned? Or should we just trust in market forces to keep such a short sighted massively destructive incident from occurring again...I mean, who is going to hire that guy for another sealant job? Problem solved, right?

The fact is that Libertarian dogma ignores reality on several fronts. One, it assumes near perfect information...a goal made even more impossible to reach than it is already considering the Cambrian explosion of agreements and jurisdictions that must be considered in every possible interaction between humans or between humans and anything constructed by humans where laws and regulations are thrown out of the window in favor of market interatcions. The second unrealistic assumption is that everyone has the capacity to cause only enough harm for themselves and their insurance to pay for. The third fantasy is that all harm that is caused by humans can be attributable to a bad actor after the fact so that the market can punish them appropriately...

The reality is that is is far easier and cheaper to allow the wisdom of those who came before stop problems before they start in the form of laws and regulations that supersede and outlast any ephemeral market dynamic or the memory of the negative consequences of some of those interactions.

Will there be failures? Sure. Previous failures is how we ended up with the laws and regulations we have now. It is our job to constructively add to that body of wisdom. Will some outlast their usefulness? Absolutely. We must be vigilant and change laws and regulations as necessary. But for the vast majority we can leave well enough alone.