[rtkwe]

I see this all the time but it seems every time we go through a round of regulation trimming based on that premise we see the industry in question suffering issues within a couple years, and the cycle seems to just keep getting tighter.

The 90s/early 00s cut back banking regulation and then we had the 08 crash. Trump rolled back some rail regulations and now we've got serious incidents happening there. Of course businesses hate the regulations they're generally preventing profitable but very risky behaviors with externalities beyond the business that's taking the risk.

Combine that with Supreme Court decisions that have limited courts abilities to punish companies when they do mess up by limiting things like punitive damages and the picture gets bleak for any option other than up front, very paperwork heavy regulation.

If we could trust businesses to actually follow rules and not take disastrous short cuts to make a buck maybe we could have a less heavy handed regulatory system but time and time again shows voluntary compliance or self regulation isn't a viable option.

[pitaj]

> The 90s/early 00s cut back banking regulation and then we had the 08 crash.

Little to no evidence that the deregulation was the cause

> Trump rolled back some rail regulations and now we've got serious incidents happening there.

Derailments have increased recently but are still lower than they were in 2000.

[rtkwe]

> Derailments have increased recently but are still lower than they were in 2000.

So we've regressed approximately two entire decades in rail safety. I'd say that's an L...