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by ethbr1
193 days ago
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As bad as (3) sounds, I'll strongman the argument: it's important to keep the economic cost of any regulation in mind.* On the one hand, you'd like to prevent the thing the regulation is seeking to prevent. On the other hand, you'd have costs for the regulation to be implemented (one-time and/or ongoing). "Is the good worth the costs?" is a question worth asking every time. (Not least because sometimes it lets you downscope/target regulations to get better good ROI) *Yes, the easy pessimistic take is 'industry fights all regulation on cost grounds', but the fact that the argument is abused doesn't mean it doesn't have some underlying merit |
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There is indeed a good reason regulators aren't just obliged to institute all recommendations - that would be a lot of new rules. The only accident report I remember reading with zero recommendations was a MAIB (Maritime accidents) report here which concluded that a crew member of a fishing boat has died at sea after their vessel capsized because they both they and the skipper (who survived) were on heroin, the rationale for not recommending anything was that heroin is already illegal, operating a fishing boat while on heroin is already illegal, and it's also obviously a bad idea, so, there's nothing to recommend. "Don't do that".
Cost is rarely very persuasive to me, because it's very difficult to correctly estimate what it will actually cost to change something once you decided it's required - based on current reality where it is not. Mass production and clever cost reductions resulting from the normal commercial pressures tend to drive down costs when we require something but not before (and often not after we cease to require it either)
It's also difficult to anticipate all benefits from a good change without trying it. Lobbyists against a regulation will often try hard not to imagine benefits after all they're fighting not to be regulated. But once it's in action, it may be obvious to everyone that this was just a better idea and absurd it wasn't always the case.
Remember when you were allowed to smoke cigarettes on aeroplanes? That seems crazy, but at the time it was normal and I'm sure carriers insisted that not being allowed to do this would cost them money - and perhaps for a short while it did.