Back when I worked on the 757 stab trim gearbox, I certainly knew far more about it than the regulators. There was just no way they knew every detail of it like I did. I also did all the math on it, and I was never questioned about it by the regulators. They never asked me a single question about any of it.
> Business leaders always clamor for less regulation because they have big egos
They often clamor for more regulation for the purpose of making it very difficult for anyone to compete with them.
> Regulation also helps create a marketplace where you can focus on making better planes, not taking risks with people's lives to keep up with the other crazy competitors
That's a self-contradictory statement. Making better planes is how you compete successfully.
> Regulation is ... a blunt, and dangerous, weapon.
It is hardly blunt. It's enormously detailed in many areas, created by experts. We can find negative outcomes for any enterprise as m massive as regulatoin; in itself it doesn't mean much.
There are concerns and issues to consider, but this mass, very blunt :) critique and rejection of it prevents us from addressing them.
Certainly we are better off with the FAA regulating Boeing and the airlines than not regulating them!
> Certainly we are better off with the FAA regulating Boeing and the airlines than not regulating them!
Are we really? Then why all these Boeing fails? They are quite regulated and that's supposed to prevent them but regulatory failures abound.
I'd much rather have a strong free market where competition is keeping companies honest and on their toes. But one of the effects of regulation is reducing competition (through raising the barrier of entry).
Thus regulation becomes even more necessary to replace the lost competition... A self-fulfilling prophecy if you want.
Back when I worked on the 757 stab trim gearbox, I certainly knew far more about it than the regulators. There was just no way they knew every detail of it like I did. I also did all the math on it, and I was never questioned about it by the regulators. They never asked me a single question about any of it.
> Business leaders always clamor for less regulation because they have big egos
They often clamor for more regulation for the purpose of making it very difficult for anyone to compete with them.
> Regulation also helps create a marketplace where you can focus on making better planes, not taking risks with people's lives to keep up with the other crazy competitors
That's a self-contradictory statement. Making better planes is how you compete successfully.