|
|
|
|
|
by mannykannot
2350 days ago
|
|
It works right up until it doesn't: see 737 Max, mortgage crisis... Perhaps the best thing that can be said for pro-forma processes is that they usually put people on notice that they may be held accountable for their actions -- though, of course, that is not always the case. |
|
The "even rare failures are unacceptable" line of reasoning is simply too conservative to permit our modern society to exist. The resources we would have to dedicate to preventing these kinds of things (don't forget the 90/10 rule) in every case would be astronomical. Imagine if every bit of software had to be written the way NASA rights their software for human carrying vehicles and if every financial transaction had to be strictly scrutinized. Software would be so expensive that it would be used far less than it is today and all the good that brings would not exist. Credit would be far, far less accessible to just about everyone you could fill a library with books that have been written about why that is bad. And those are just two industries(!!!!).
It's really east to say "But the MAX" or "but the mortgage crisis" but occasional failures like that are simply the price of a reality where normal everyday people can travel thousands of miles in a day and have access to credit.