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by xyzzyz
1220 days ago
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Exactly. This is similar to medical context, where it is found that decreasing regulations typically improves safety, both because it is easier to innovate and bring better products to market, but also because it increases liability of manufacturers: in a highly regulated market, they can say “sure, our device have caused you harm, but it operated exactly as FDA (or FAA) required, so take it up with them”. See https://marginalrevolution.com/marginalrevolution/2022/11/fd... for example. FAA overall has done a lot of good for the safety of the flyers (and I respect it much more than other regulatory agencies tasked with protecting us). The problem is that very often there is a trade off between safety and other things, and regulatory framework prohibits the people it is meant to serve from deciding on their own where exactly they want to be in terms of this trade off. For example, if motorcycles were invented today, they would almost certainly be banned as way too unsafe to operate. That would suck, because I love riding motorcycles. |
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