The root of a problem is not failure of regulators. The root if the problem goes back to the designers and users.
“The root of a problem is not failure of regulators. The root if the problem goes back to the designers and users.”
When you have managers who want the big pay, and engineers who want to keep feeding their families, people will take shortcuts - that is HUMAN NATURE, and it’s not going to change - no matter how many Libertarian lectures we attend. In most businesses that non-regulation loop would work - things break, you get crappy Amazon reviews, and pay a price - and then maybe respond with a better product.
When it comes to planes falling out of the sky, the tolerance for ‘Libertarian Principles’ is very limited. Like it or not, the government WILL step in. The only question is just how far does it go...and will it turn flying back into something that only the upper classes can afford. Regulators, if they’re responding to things they should have been regulating in the first place, then tend to overreact, and we all pay a price for that...if they had done their job, then the risk of over-regulating would be much lower.
And so now we pay the price.