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If you had asked the same question about airlines 100 years ago... [0] "At the urging of the aviation industry, that believed the airplane could not reach its
by pjmorris 5y ago
If you had asked the same question about airlines 100 years ago... [0]
"At the urging of the aviation industry, that believed the airplane could not reach its full commercial potential without federal action to improve and maintain safety standards,[citation needed] President Calvin Coolidge appointed a board to investigate the issue. The board's report favored federal safety regulation.[10] To that end, the Air Commerce Act became law on May 20, 1926.[11]"
[0] https://en.wikipedia.org/wiki/United_States_government_role_in_civil_aviation#Air_Commerce_Act https://en.wikipedia.org/wiki/United_States_government_role_...
- tasubotadas 5y agoMarket incumbents quite often welcome the new regulation. It helps them to avoid competition by creating entry barriers.
- pjmorris 5y agoOK, here's an even older instance of the same thing, probably not advocated for by the industry incumbents... 229 If a builder builds a house for someone, and does not construct it properly, and the house which he built falls in and kills its owner, then that builder shall be put to death. - Code of Hammurabi, ~ 1700 BC [0] [0] https://avalon.law.yale.edu/ancient/hamframe.asp https://avalon.law.yale.edu/ancient/hamframe.asp