Comment Re:Regulation not a universal evil (Score 5, Insightful) 146
A small amount of regulation can definitely be a good thing. If we didn't have car crash regulations, rest assure the big 3 would make cars even shittier than they do today. Same applies to any industry. You can't rely on a corporate entity to do anything in the buyer's interests.
Problem with regulations is the standards tend to lack in quality and never seem to be upgraded/reviewed. Back to the car example... bumpers once had a 5 mph impact standard. It's often 2.5 mph today. With today's knowledge of metals and plastics along with detailed crash data, we should be able to make cars low weight that have 50 mph impact standards. Will companies do this out of the kindness of their heart? Hell no. Don't expect the regulators to improve the standard in the next 10 years either.
Problem with regulations is the standards tend to lack in quality and never seem to be upgraded/reviewed. Back to the car example... bumpers once had a 5 mph impact standard. It's often 2.5 mph today. With today's knowledge of metals and plastics along with detailed crash data, we should be able to make cars low weight that have 50 mph impact standards. Will companies do this out of the kindness of their heart? Hell no. Don't expect the regulators to improve the standard in the next 10 years either.
