Missing Titanic Submersible

[Mel Bradford]

Cost cutting in the overall vessel design by the owner (who went to his watery grave) will be unraveled by the lawyers, surviving family members, and any creditors.
Uncle Sam most likely already has a Commission of some sort that's crafting the Administrative law which will include fees, inspections, standards, and penalties.
Before its all over a congress person will grandstand.

[Donn Beach]

Who the fuck said anything about government intervention, it's obviously a voluntary system since he didn't have to do it. And as far as I can tell it's privately run.

This is who would have done it
https://ww2.eagle.org/en.html

Isn't that what you like, having things handled by the private sector?

Whats your defination of:
It can be done as a cooperative effort with regulatory agencies.

To me a Regulatory Agency......is government.

So any sort of quality control is wrong, the medicine you take can be some phoney crap from China. The parts in your car can be counterfeit, your house can come down in the first wind storm because it's built substandard, the food you eat can poison you. That's an interesting world you live in

[Walla Walla Dawg II]

Who the fuck said anything about government intervention, it's obviously a voluntary system since he didn't have to do it. And as far as I can tell it's privately run.

This is who would have done it
https://ww2.eagle.org/en.html

Isn't that what you like, having things handled by the private sector?

Whats your defination of:
It can be done as a cooperative effort with regulatory agencies.

To me a Regulatory Agency......is government.

I think there are some good example of private "regulation" - basically rules of the road - such as Underwriters Laboratory. But the biggest "market failure" in the Titan submersible case is this: Which private organizations spent their resources on the search? Which ones are planning recovery? Which ones will investigate? Obviously these are presumptive questions. It's the public sector (i.e., government) doing all these things.

Ideally I'd like government to enforce property rights and get out of the way, period. But when people do risky things and then get in trouble and expect government help, I'd prefer government regulation happen earlier on the process. Sort of like people building their dream house in a Mississippi River flood plain, knowing full well the flood risks, not insuring themselves fully, and then crying for federal disaster relief.

And yet, in most instances of UL listings, they are required by government.

So, basically [a private company] decided to set a bar, and the government jumped on board making it required.
-still government-

[Walla Walla Dawg II]

Who the fuck said anything about government intervention, it's obviously a voluntary system since he didn't have to do it. And as far as I can tell it's privately run.

This is who would have done it
https://ww2.eagle.org/en.html

Isn't that what you like, having things handled by the private sector?

Whats your defination of:
It can be done as a cooperative effort with regulatory agencies.

To me a Regulatory Agency......is government.

So any sort of quality control is wrong, the medicine you take can be some phoney crap from China. The parts in your car can be counterfeit, your house can come down in the first wind storm because it's built substandard, the food you eat can poison you. That's an interesting world you live in

I'm not saying that all government is bad. As a matte of fact, I believe we must have government. But they shouldn't be in every aspect of our lives. If someone wants to build a boat out of old shoe boxes and try to sail it to France, let them.

[DanielVogelbach]

So any sort of quality control is wrong, the medicine you take can be some phoney crap from China. The parts in your car can be counterfeit, your house can come down in the first wind storm because it's built substandard, the food you eat can poison you. That's an interesting world you live in

The best quality control is performed by the free market. The worst quality control is performed by "government".

There is no need for "government" unless you want to commit crimes e.g. force people to fund your ideas.

[Donn Beach]

The reason you have such things as the FDA is the free market failed at it. Explain to me how the free market would ensure the safety of the food you eat and the medicine you take?

[Walla Walla Dawg II]

The reason you have such things as the FDA is the free market failed at it. Explain to me how the free market would ensure the safety of the food you eat and the medicine you take?

2 points

1-we are in total agreement on this.

2-he won't respond. I've asked him countless times in other threads. He has a 'concept' of what we should be, but has no execution or idea of how to make it work. I've actually compared it to the Wild West in previous threads.

[Donn Beach]

We can tie this back to our book reading thread. The impetus behind the formation of the FDA to a degree was people reading the book "The Jungle" by Upton Sinclair. He wrote it as an expose of working conditions in the Chicago stockyards. But what was largely drawn from it was the condition of the meat that was being produced. It was a sensation at the time, the public demanded action.

From the FDA website

. Federal public health protection was vigorously advocated by Harvey Washington Wiley, who at the time was chief chemist of the Bureau of Chemistry of the U.S. Department of Agriculture, FDA’s predecessor. The 1906 Act was passed thanks to his efforts and in response to the public outrage at the shockingly unhygienic conditions in the Chicago stockyards that were described in Upton Sinclair’s book “The Jungle."

]

[Walla Walla Dawg II]

I've asked him about:
Water supply
Roads
Law Enforcement

-crickets-

[DanielVogelbach]

The reason you have such things as the FDA is the free market failed at it. Explain to me how the free market would ensure the safety of the food you eat and the medicine you take?

The FDA sucks ass. It's run by criminals.

Trust is earned and valued. Trusted 3rd party. I trust Reddit more than the FDA.