The foam dislodgement was a recurring problem that was being looked at by both engineering and management.
The "accident" wasn't the foam dislodgement, however. The shuttle disintegrated because nobody got out to look at the wing, and the wing was damaged and disintegrated on re-entry. The "risk assessment" was done by a new crew -- from Boeing -- using outdated software.
As to my quip about the "markets", it was just an analogy and a look at what impersonal modes of operation result in -- namely, disregard of much that is human.
Kindest Regards