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What Boeing did to all the guys who remember how to build a plane (prospect.org)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 11 points 9 months ago

The real problem is due to the regulatory environment. Yes those rules are important, but they've also effectively banned new aircraft from being built.

Should we laugh at this? Lolz? If anything regulations should encourage better safety innovations! Government wants safety and efficacy from corporations that directly affect people's lives. Just look at Volvo and tell me their reputation isn't known for safety.

Regulations are pain in the hole, I get it, but without it we are back to the days of selling snake oils and monopolies of the Gilded Age. As they say in my field: "Do you think compliance is expensive? Think non-compliance." The only people discouraging regulations are the ones who stand to benefit from ridding it in the name of short term profit. STOCKS ARE UP!