Adam Croston From what I've seen, OceanGate's CEO was reckless, and...

June 22, 2023 at 12:31 PM  ·  Comment — Archer T. Ships replied to Adam Croston's comment.  ·  View on Facebook  ·  Markdown source

Adam Croston From what I've seen, OceanGate's CEO was reckless, and deliberately avoided advice from seasoned engineers: https://www.informationliberation.com/?id=63826 That said, many so-called safety regulations are actually moats put into place by existing companies to protect themselves from competitors, or rentseeking by vendors who want to force everyone to buy their product / service in the name of "safety". https://cei.org/blog/cataloging-regulatory-costs-of-cronyism-and-rent-seeking-in-a-self-interested-administrative-state/ IMO, it's not a bad thing to skirt/avoid regulatory barriers of dubious merit. But it's hard for external observers to know when that's the case vs when a company is skirting truly important safety principles. (There's also a certain amount of inherent risk in any activity like this--even the most solidly engineered equipment can fail under harsh conditions.)