4 ms·
USA really needs to do something about its regulatory capture problems. At this point the FAA has zero credibility.
by markdown 6y ago
USA really needs to do something about its regulatory capture problems. At this point the FAA has zero credibility.
- GoOnThenDoTell 6y agoIt still has plenty of credibility, just less than before
- deleted 6y ago[deleted]
- markdown 6y agoFair enough. It has no credibility when it comes to certifying aircraft airworthiness for Boeing.
- joe_the_user 6y agoWell, the "congressional capture" problem makes that hard. But even more, Boeing actually "should" want decent regulation because it gives them long term credibility. The problem others here have point out is that Boeing also wound-up "captured" by a finance/management regime that for twenty years has been gutting the company's long term prospects for short term profits - the ridiculous amalgam that is the 737 Max demonstrates this (it has paper manuals still, guess why?).
- topspin 6y agoThis case has Congress criticizing both Boeing and the FAA and of the two the FAA comes back with the crappiest response, trying to throw shade on the report. Congress is certainly not a collection of innocent choir boys, but here, given these responses, the FAA is the worst of the bad guys. Sorry if that fact frustrates, but that's how it is.
- joe_the_user 6y agoThat particular detail doesn't really effect my overall statement. Congress may at times contradict regulators. My point would be that congress isn't going to change the regulatory capture situation because congress itself is part of the "revolving door" of regulators, corporate bureaucrats and congressional staff. See: https://en.wikipedia.org/wiki/Revolving_door_(politics) https://en.wikipedia.org/wiki/Revolving_door_(politics)
- xiphias2 6y agoOpenly criticizing may just mean that they want a lot of corrupt money in return. What happened with the Hungarian and Polish veto was terrifying for me: the governing prime ministers got away with all the money stealing despite the huge criticism. The only rational explanation is that they will continue chanelling lots of money back to Germany through car companies.