by Indy » Wed Oct 23, 2013 3:15 pm
I think inspecting pipelines/factories/safety inspections etc. is pretty straight-up. Physics and all.
It sounds great say: if you make an unsafe product, you will go out of business when people get hurt.
We said that about Wall St. and this was the crux for deregulating it. Problem was, they continued to make that unsafe product, millions got hurt/destroyed and oh no, not only did they not go out of business (save for Lehman) the gov't stepped in to put them back in business.
So after all that, we got those regulations right?
Nope. Right back to square one. And the vicious circle will continue...