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Regulation sets a floor for the race-to-the-bottom. Companies could set high standards, yet they usually meet the bare minimum. Improving standards costs money.
by karthikb 7y ago
Regulation sets a floor for the race-to-the-bottom. Companies could set high standards, yet they usually meet the bare minimum. Improving standards costs money. Unless it's a requirement, it gets cut.
- matz1 7y agoRegulation create barrier to entry, not about safety. If safety you want, impose high penalty/punishment for reckless behavior.
- karthikb 7y agoEveryone believes they're going to be the lucky ones. Simply imposing high costs doesn't deter reckless behavior. People still drive drunk, jaywalk, drive on bald tires, smoke...all activities known to be dangerous. Regulation creates a barrier, sure - a good barrier is one which requires training, practices, and equipment to promote safety.
- matz1 7y agoimposing high costs doesn't completely remove reckless behavior but it reduce reckless behavior. Likewise, with high regulation, there still people who drive recklessly. Regulation creates a barrier, so its not easy for newcomer to enter and compete. Becoming a good trucker still requires training, practices, and equipment to promote safety regardless of regulation.