Link Harvest: Questioning Airline Industry Self-Regulation

[osewalrus]

Those outside of DC (or your state capital) would naturally think that industry self-regulation, especially of life & death matters, is insane. But it has become increasingly commonplace under a theory of "incentives," which is rather like an indulgent parent confident that Little Woogums will never misbehave. Or, as I put in a recent blog post, it involves treating industry rather like the Durselys treated Dudley and treating consumers as they treated Harry Potter at the opening of The Sorcerer's Stone.

NYT Article https://www.nytimes.com/2019/03/26/us/politics/boeing-faa.html?action=click&module=Top%20Stories&pgtype=Homepage 

Comments

[sdelmonte]

The one incentive for Boeing to self-regulate is that they would lose business and get sued if their planes crashed. That is clearly not enough incentive.