So, Brian quite correctly pointed out that the NEC is largely a case of industry successfully self-regulating – which of course also made me ponder examples of when regulation is a *bad* thing, such as neighborhood associations (which I know are again a case of private industry). It also had me pondering, why does industry self-regulation work some times and not others? Electrical distribution is *very* safe and well designed, while at the same time we can’t move oil over the surface of the planet without leaks of a extremely toxic nature – and it’s clear from what various locales looked like before the clean air and clean water acts that you can’t trust industry not to pollute.<\/p>\n
I think some of it might be the kind of people who are drawn to electrical distribution vs pumping and extraction operations, but I also feel like there’s something more complicated going on here. For a long time aviation was able to completely trust manufacturers to type certify planes, but look at the recent boeing kerfluffle for a example of how that’s not working out so well any more.<\/p>\n
I do think some of it is that capitalism has become more a state religion – that in previous epochs the number of insanely greedy to the point of destructive irrationality individuals was somewhat curbed, or alternately their tendencies were curbed by the taxes in place. But that clearly can’t explain all of it.<\/p>\n
I’ll have to think about it, but thanks for the quite valid point, Brian.<\/p>\n","protected":false},"excerpt":{"rendered":"
So, Brian quite correctly pointed out that the NEC is largely a case of industry successfully self-regulating – which of course also made me ponder examples of when regulation is a *bad* thing, such as neighborhood associations (which I know are again a case of private industry). It also had me pondering, why does industry […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/posts\/3753"}],"collection":[{"href":"https:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/comments?post=3753"}],"version-history":[{"count":1,"href":"https:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/posts\/3753\/revisions"}],"predecessor-version":[{"id":3754,"href":"https:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/posts\/3753\/revisions\/3754"}],"wp:attachment":[{"href":"https:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/media?parent=3753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/categories?post=3753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sheer.us\/weblogs\/wp-json\/wp\/v2\/tags?post=3753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}