In my opinion, Milton is right in that clip. Everyone agrees that we need to draw the line somewhere, define some level of safety as 'good enough'. IE flying is more dangerous in IFR conditions, so we could ban all commercial flights during those conditions. However that line is not the same for everyone. Most people are fine with accepting the slightly higher risk involved in flying during low visibility.

Risk tolerances are different, so why do we try to regulate to a given standard. It makes little sense to allow motorcycles yet have a regulation that requires the use of seatbelts in cars. Instead, I'd like to see regulations that enforce testing and information sharing. After that, let people decide which airline to take, which car to buy, and therefore where to draw that line.