Arguably, you have it backwards. Self-regulation doesn't work for a while, and then it works ultra well. Boeing got away with poor self-regulation for decades but now their business almost certainly will implode within decades and their market position will be taken over by those who were willing and able to self-regulate. They were rightfully punished and the US government was (theoretically) able to spend more resources regulating elsewhere.
That said, the lag time between the beginning of failing to self-regulate and the beginning of consequences showing up are likely too far apart to make it a sound doctrine for the US government.
That said, the lag time between the beginning of failing to self-regulate and the beginning of consequences showing up are likely too far apart to make it a sound doctrine for the US government.
reply