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This is, to a certain extent, a post advocating for regulation. Take the aviation example. It was certainly dangerous for early adopters when it was a nascent t
by bumby 5y ago
This is, to a certain extent, a post advocating for regulation. Take the aviation example. It was certainly dangerous for early adopters when it was a nascent technology. But one of the reasons why the current level of aviation is relatively safe (they are one of the very few examples of five sigma quality) is because they are heavily regulated. Everything from maintenance to licensure to duty cycles are regulated.
I think one of the risks of the current paradigm is the inability of US government to effectively introduce new regulation legislature. The new method seems to be to put the onus on the industry to regulate themselves in lieu of having to create actual legislation, which can lead to perverse incentives. In the instances where this isn’t the case, we have to deal with regulatory capture or the revolving door of industry/government which creates its own skewed incentives.