The productivity costs of excessive regulation are also written in blood, but it's a slightly more abstract relationship, so most people aren't capable of makin

The productivity costs of excessive regulation are also written in blood, but it's a slightly more abstract relationship, so most people aren't capable of making the connection. "Oh my god, this building collapsed during an earthquake and killed a family! Alert the national press!" Versus "The expected per-capita cost of this new electrical wiring legislation over the next 50 years is $12/person/year, which according to our consumption models means that the average person will spend $2.50 fewer a year on health insurance, which will result in a 0.00003% higher annual medical casualty rate. Now, moving onto expected effects on nutrition..." Even though the regulatory costs kill a lot more people, it's not as immediate or violent, so most people don't care.