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How does regulation work in the aviation industry? The impression I have is that regulation in that space is pretty effective. Without effective regulation I i
by disconnected 9y ago
How does regulation work in the aviation industry? The impression I have is that regulation in that space is pretty effective.
Without effective regulation I imagine you'd see aircraft falling out of the sky left and right because - and let's be honest here - safety is probably at the bottom of the priorities, both for manufacturers and airline operators.
Most people don't believe that accidents can happen to them. People rationalize the risk away, so they skimp on security to save a buck.
So, operators don't have incentive to maintain and upgrade their aircraft because that has only a negligible effect on performance, but costs a ton and the perceived risk is low. Manufacturers, likewise, have no incentive to produce safer airplanes because safety doesn't sell: range, capacity and fuel efficiency do.
Yet, air travel as never been safer. Seems to me like regulation works ok in this case.
- bschwindHN 9y ago> and let's be honest here - safety is probably at the bottom of the priorities, both for manufacturers and airline operators The bottom, really? That's a pretty bold statement to make, and a disservice to the work those have done to ensure we have thousands of safe flights every single day. I'm certainly not arguing against airline regulation, but I don't believe that's the only thing holding them back from crashing planes on the regular.
- icebraining 9y agoSeems like you just decided that the airlines would "obviously" be unsafe if not for regulation, and therefore regulation is working great. I could also say that killing your clients and crew "left and right" would be terrible for business, and that therefore regulation is useless. Neither argument seems particularly persuasive without being falsifiable.