A tragedy, in part because of resistance to regulation. A couple of years ago Boeing fudged the oversight of the FAA on the construction of a new 737 version, the max. Two of their brand spanking new jets crashed killing hundreds.
And this week, in an industry with even less interest in regulation, 5 people perished in part because of a flaw in a deep sea exploration vessel. One of the innovators of this vessel felt that regulation inhibited innovation— he died with the others on the vessel.
Medicynical Note: Innovation and the need to turn a quick profit without safety rails can be fatal. In deregulated America, safety is apparently a secondary concern, it revenue that counts. But in rushing innovation without oversight mistakes pile up and people die.
Maybe our republican billionaire libertarian friends need to rethink their distain of regulation.
Medicynic 