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> We know what wide-open unregulated markets result in when lives are at stake. We know much more about what happens with regulation: prohibitively expensive n
by robertlagrant 2y ago
> We know what wide-open unregulated markets result in when lives are at stake.
We know much more about what happens with regulation: prohibitively expensive nuclear power and unbearably slow progress in simple medical devices. Opportunity cost is enormous here.
> It would be nice to think that engineers and executives would never sacrifice human life for profit, but we know that some of them will.
This is really simplistic. We wouldn't use anything if it cost what it cost to make it 100% safe. Everything has risks and prices.
- rqtwteye 2y agoWe also know what happens without any regulation: milk with lead added to make it look white, cars that kill their passengers when crashing, polluted rivers, polluted air and much more. We certainly need to constantly revisit things but without regulations our society wouldn’t be fun to live in.
- robertlagrant 2y agoIt's good that we no longer have cars that kill their passengers or polluted rivers or polluted air, I suppose. See what I mean? What's the point of misinterpreting? No one is ever saying "zero regulations are best". There are hundreds of thousands of regulations. Because there are so many, lots of them are not great or constrictive, and we never got to the world where the US is powered by 1990 by majority nuclear power, and the following developing China followed suit, and businesses sprang up there to roll out the same technologies worldwide, and we had far, far less climate change.
- rqtwteye 2y agoSeems we are in agreement. Regulations are necessary but need to be well thought out because there is a risk of over regulating