| They're taking the wrong approach to safety... The correct approach is to reward new things, reward changes and innovation, and punish massively anything that causes an accident putting lives at risk. For example, make a fund that any aircraft manufacturer pays fines into. Fines for engine failures. Fines for oxygen mask deployments. Fines for crash landings. Massive fines for deaths. Aim to fine about 50% of the value of all aircraft sold. Then give the pot of those fines back to aircraft designers and operators per passenger mile safely flown. Overall, the industry gets the same amount of cash. But manufacturers and operators who manage to do it more safely will end up more profitable. You also need a system of watchdogs who try to find 'coverups' - ie. times where a safety procedure is skipped to avoid the fine. A combination of whistleblower rewards and automatic data reporting from the plane should help with that issue. |
Not everything needs to have an economy created out of it.