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Author: jwiest Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 454782  
Subject: Re: West, Texas Explosion & Regulations Date: 4/21/2013 12:18 PM
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If a regulatory scheme is so haphazard, complex, layered and varied that no entity takes responsibility for enforcement, does an ignorant (or lazy) business owner know even what he's supposed to do?

Assuming for the moment that complexity is the issue here...

This complexity is simply an artifact of the capitalist system, a result of the interplay between business owners who are always striving to reduce costs ("How little can I get away with?") and the needs of the general public ("Here's what you have to do to keep us safe.")

You can bet that business owners are going to explore and exploit every option, which means every little piece of equipment right down to the washers is going to be challenged and alternatives explored. Regulators are always going to be playing catch-up investigating alternatives or new options that are always coming online.

Think about that for a bit, and then ask yourself again why regulations are so complex. To shift my above assertion a bit, it's the unintended consequence of a system that prefers profit to integrity.

I'd make a good bet that a lot of regulatory complexity could be dispensed with if corporate officers were held personally accountable for such disasters.
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