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A friend said he warned Stockton Rush about possible defects on the Titan in 2019 after hearing 'cracking' noises (www.businessinsider.com)
submitted 3 years ago by to c/news@beehaw.org
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[–] 26 points 3 years ago (4 children)

When things are going well, so many feel like the person avoiding or mitigating risk is silly and dramatic, and the person running headfirst into that risk is brave and rational. Then, when something awful like this happens, it’s always, “No one could have predicted this tragedy!” and they learn nothing.

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  • [–] 10 points 3 years ago (2 children)

    This was the whole cause of the 2008 financial crash.

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  • [–] 7 points 3 years ago (1 child)

    And the 1980 crash, which lead to many banking regulations, which were removed shortly before the 2008 crash for stifling the economy. Stifling and stabilizing look very similar until you get to the negative parts.

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  • [–] 7 points 3 years ago

    It is just the process of externalizing costs in internalizing profit. Get rid of regulations, take risks, make a lot of money, when the shit hits the fan say who could have known and get someone else to pay for it.

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