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I think that's true to a point, but we are way past that point. We're at the point where when the government works with the private sector, a worse result is cr
by yingw787 8y ago
I think that's true to a point, but we are way past that point. We're at the point where when the government works with the private sector, a worse result is created than if the government had created it alone, or if the private sector had created it alone, where you could form a total ordering. There is no recognizable gestalt, and whole point of public/private cooperation is to generate those gestalts.
Another way I look at this is, "what needs to be true for this situation to be the best possible situation for the parties involved? How does this make sense?". When I look at it this way, the FAA not grounding this plane doesn't make sense if you follow a path benefiting the general public, barring some extenuating private knowledge. It seems to be a long path of short-term optimizations.
- WalterBright 8y agoA fundamental problem with regulation of an industry is one needs to have experts in the industry create and enforce the regulations. But how does one become such an expert? By working in the industry. The alternative is having incompetents doing the regulation and enforcement.
- deleted 8y ago[deleted]