4 ms·

The problem is real though. It stands to reason that the people that know how planes can be built safely are the one building planes; otherwise you could get in

The problem is real though. It stands to reason that the people that know how planes can be built safely are the one building planes; otherwise you could get in a situation where "those who know, build planes; those who don't, tell them how to do it". There is a similar problem with financial regulation; my understanding is that the knowledge transfer between industry and regulation there is solved by the equally problematic "revolving doors", where people alternate between regulating and advising companies (and thus as regulators they don't want to make too many enemies).

ben_w 3y ago
This is another reason why monopolies are bad. If you have a competitor, their employees can regulate you. Still has a conflict of interest, just a less dangerous one.
- xeromal 3y ago
  Sometimes monopolies exist because it's extremely hard to succeed even if no one is stopping you
  - Iulioh 3y ago
    The concept is called "high barrier of entry"
    - xeromal 3y ago
      I'm sure airplane manufacturing falls under the highest barrier to entry besides maybe space exploration
      - ben_w 3y ago
        Boeing merged with one of their competitors, and now outsource to subcontractors; both of these suggest the barriers, high though they are, are not insurmountable. Also, the FAA could ask people from Lockheed to mark Boeing's homework. After a bit of Googling, looks like the FAA do also get Airbus to do this to Boeing, despite Airbus being famously not American: https://www.reuters.com/business/aerospace-defense/airbus-withdraws-us-faa-boeing-safety-culture-panel-2023-01-13/ https://www.reuters.com/business/aerospace-defense/airbus-wi...
Stranger43 3y ago
The revolving door problem is mostly people coming back from a stint at a regulator to private employment at an salary that sometimes affect how beneficial their stint as a regulator was to the company hiring them post public service. If that system was made one way so that people retiring from industry to government were forced to burn all "financial" bridges to the industry they were regulating by forcing them to accept a clause that they can newer go back especially not as a consultant a lot of those issues goes away.

ben_w 3y ago

This is another reason why monopolies are bad. If you have a competitor, their employees can regulate you. Still has a conflict of interest, just a less dangerous one.

xeromal 3y ago
Sometimes monopolies exist because it's extremely hard to succeed even if no one is stopping you
- Iulioh 3y ago
  The concept is called "high barrier of entry"
  - xeromal 3y ago
    I'm sure airplane manufacturing falls under the highest barrier to entry besides maybe space exploration
    - ben_w 3y ago
      Boeing merged with one of their competitors, and now outsource to subcontractors; both of these suggest the barriers, high though they are, are not insurmountable. Also, the FAA could ask people from Lockheed to mark Boeing's homework. After a bit of Googling, looks like the FAA do also get Airbus to do this to Boeing, despite Airbus being famously not American: https://www.reuters.com/business/aerospace-defense/airbus-withdraws-us-faa-boeing-safety-culture-panel-2023-01-13/ https://www.reuters.com/business/aerospace-defense/airbus-wi...

Stranger43 3y ago

The revolving door problem is mostly people coming back from a stint at a regulator to private employment at an salary that sometimes affect how beneficial their stint as a regulator was to the company hiring them post public service. If that system was made one way so that people retiring from industry to government were forced to burn all "financial" bridges to the industry they were regulating by forcing them to accept a clause that they can newer go back especially not as a consultant a lot of those issues goes away.