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The paywall prevents me from finding out the economist's theory, but I can put forth my own. The two movies Sully and Deepwater Horizon, which both came out in 2016, are near mirror images of each other in many ways. Sully is partly the story about a pilot who has spent his entire career landing failing airplanes, effectively training him to do it again with higher stakes, where its never happened before. But its also the story of all of the regulation that has prevented all commercial aviation disasters since 2001. Sully may stay calm under pressure, but he's standing on the shoulders of giants. The flight attendants stick to their training. The port authority and the captains of the boats that rescue all of the passengers stick to their training. The NTSB even sticks to their training in certain ways. Plans were set forth, and followed. Even at the end of the movie, it is made clear that the NTSB's flaw was to control for all of the time constraints Sullenberger faced, all of the stress, and hid the fact that it was something like the 20th attempt in the simulator that was the first successful landing. Deepwater horizon is the story about a company that has successfully captured their regulatory framework. There was inadequate training, inadequate safety measures, inadequate equipment to properly measure the specifics of the well. And so when the shit hits the fan, does everyone stay calm and exercise the plan to effect their continued survival? Nope, they all panic, and they nearly all die. Planes and Trains are far safer than automobiles because of ratio of humans to engines. |