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And again, just as was the case with Boeing, the blame lands squarely on the shoulders of regulators who failed to adequately do their jobs. In the case of Boe
by resters 7y ago
And again, just as was the case with Boeing, the blame lands squarely on the shoulders of regulators who failed to adequately do their jobs.
In the case of Boeing, the regulatory approach was a joke, and in the case of vaping, regulators had their heads in the sand about a multi billion dollar black market for years.
The death toll resulting from backward recreational drug regulation in the US is mind boggling, not to mention all those still suffering in prison.
People have a knee-jerk reaction of blaming firms and assuming that regulators are doing their best, when in fact regulators are the ones who create the entire (black, gray, etc.) market landscape for all participants to operate in.
- allovernow 7y agoHow do you regulate an illegal black market?
- resters 7y agoJust as many regulatory approaches don't work, outright bans is one that clearly doesn't work. They are rooted in a backward, dualistic view of the world. In the case of banning recreational drugs, the history of those laws is among the ugliest bits of American history. The practice of allowing firms to self-regulate crucial aircraft safety practices is also very foolhardy. When will we start holding the right parties responsible for all these tragedies? We the people need to insist that regulators step up and make us safer, not cater to whatever interest group has achieved regulatory capture.