Re:Boeing’s 737 Max Is a Saga of Capitalism Gone Awry
by beerandt on Wednesday November 25, 2020 @11:07AM
(#25210676)
No- it's a saga of regulation gone awry. And the unintended consequences that always worsen as regulations become more complex.
If the market demands a square peg, but regulators have already approved a round hole... You get forced, arbitrary, and technically questionable solutions to -force- that square peg fit the existing (round hole) regulatory market.
Want Boeing to not use "loopholes" to get new plane models approved? Make it as easy or easier to approve new models as it is to approve modified/derivative models.
That capitalism responds to regulations in such a way should surprise no one. Except people who don't fundamentally understand it.
If the market demands a square peg, but regulators have already approved a round hole... You get forced, arbitrary, and technically questionable solutions to -force- that square peg fit the existing (round hole) regulatory market.
Want Boeing to not use "loopholes" to get new plane models approved? Make it as easy or easier to approve new models as it is to approve modified/derivative models.
That capitalism responds to regulations in such a way should surprise no one. Except people who don't fundamentally understand it.