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Why is it people will argue that there should be fewer regulations to allow companies more freedom to operate but when those companies, unsurprisingly, put mone

Why is it people will argue that there should be fewer regulations to allow companies more freedom to operate but when those companies, unsurprisingly, put money ahead of safety, it’s then the government’s fault for not regulating those companies? At some point companies need to take responsibility and be held accountable for their (in)actions. I know this is an unpopular opinion for HN, given its venture funding roots, but companies shouldn’t be given a free pass every time they screw up due to placing greed above all else.

xyzzyz 6y ago
I don’t think you understood my comment. PG&E is as regulated as you can possibly get without literally being part of government. When PG&E wants to spend $100M on maintenance, it has to ask government for permission, and CPUC needs to approve this expense. My point here is not to argue that with less regulation, PG&E would do better job when it comes to maintenance — I don’t know if it would. However, considering how deeply regulated it actually is, and how much the regulator controls everything it does, some blame must also be placed on the regulator’s side.
- Dylan16807 6y ago
  > When PG&E wants to spend $100M on maintenance, it has to ask government for permission, and CPUC needs to approve this expense. ...and did they ask? It's their job to ask. You can't blame the oversight organization's interference if it didn't interfere.
  - setum 6y ago
    If you have to ask a government committee every time you go to washroom, you will notice a significant drop in your washroom visits.
    - kixiQu 6y ago
      if people die when I stop going to the washroom, I am willing to evaluate the idea that I may have some culpability in deciding to not do that
    - Dylan16807 6y ago
      Getting approval once per campaign, or maybe every few months, is pretty different from petty micromanagment.
- thu2111 6y ago
  There's definitely an observable issue with Californian electricity supplies being significantly worse than in other parts of the world, which have more liberalised transmission operator firms.
  - laumars 6y ago
    Is it more liberalised in other parts of the world though? That’s not usually the case for Europe and China (the next two biggest global economies). Perhaps it might be true specifically with regards to electricity supply but I would be very surprised if that were the case knowing how the U.K. likes to regulate similar services which I have directly been employed by.

xyzzyz 6y ago

I don’t think you understood my comment. PG&E is as regulated as you can possibly get without literally being part of government. When PG&E wants to spend $100M on maintenance, it has to ask government for permission, and CPUC needs to approve this expense. My point here is not to argue that with less regulation, PG&E would do better job when it comes to maintenance — I don’t know if it would. However, considering how deeply regulated it actually is, and how much the regulator controls everything it does, some blame must also be placed on the regulator’s side.

Dylan16807 6y ago
> When PG&E wants to spend $100M on maintenance, it has to ask government for permission, and CPUC needs to approve this expense. ...and did they ask? It's their job to ask. You can't blame the oversight organization's interference if it didn't interfere.
- setum 6y ago
  If you have to ask a government committee every time you go to washroom, you will notice a significant drop in your washroom visits.
  - kixiQu 6y ago
    if people die when I stop going to the washroom, I am willing to evaluate the idea that I may have some culpability in deciding to not do that
  - Dylan16807 6y ago
    Getting approval once per campaign, or maybe every few months, is pretty different from petty micromanagment.
thu2111 6y ago
There's definitely an observable issue with Californian electricity supplies being significantly worse than in other parts of the world, which have more liberalised transmission operator firms.
- laumars 6y ago
  Is it more liberalised in other parts of the world though? That’s not usually the case for Europe and China (the next two biggest global economies). Perhaps it might be true specifically with regards to electricity supply but I would be very surprised if that were the case knowing how the U.K. likes to regulate similar services which I have directly been employed by.