Greed: It’s Why We Need Strong Financial Regulations To Avoid Another Meltdown

I think it’s safe to say that all but the most extreme (and potentially selfish) anti-government libertarians would be for regulations when it comes to aviation including the safety of the airplane that takes you to see Aunt Betty in St. Louis. I think most would be hesitant to trust a for-profit company to regulate itself when it comes to the flight-worthiness of an aircraft. Sure, a company that neglects maintenance and has many fatal accidents is likely to go out of business quickly but nobody is willing to allow that market to work itself out because it means putting your life on the line when you board an airplane.

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