Deregulation Doesn’t Work And Kills People

2 comments August 10th, 2008at 12:26pm Posted by Eli

What will it take to finally retire the canard that the free market is an adequate substitute for regulation?

A bus that crashed early Friday in Sherman — killing at least 15 people — shouldn’t have been on the road, federal and state records show.

It was equipped with an illegal recapped tire on its front axle, which controls steering, crash investigators say. And the company that owned the vehicle, or a related company — investigators are still trying to sort out which — was still in operation more than a month after federal officials took steps to shut the operation down.

Critics say they’re again frustrated that more hasn’t been done to improve motor coach safety on U.S. roads.

“If these were regional airplanes that were crashing, and not motor coaches, Congress and everybody else would be on top of this to get something done,” said Jackie Gillan, vice president of the Washington-based Advocates for Highway and Auto Safety.

Unsafe vehicles, tainted food, mortgage crises, Enron – can we finally say that the conservatives have proven themselves wrong about the magical powers of the free market?

And even if they were right, isn’t it still better to correct this stuff before people die?

(h/t egregious)

Entry Filed under: Bush,Corruption/Cronyism,Economy,Republicans


  • 1. Cujo359  |  August 10th, 2008 at 1:41 pm

    I think this is a good illustration of the idea that markets work best at making our lives better when the people who make the purchases are the ones who experience the consequences of those purchases. In this case, the folks buying the buses probably weren’t the ones riding them. In cases like this, the consequences may not occur until many years after the decision, by which time the deciderers have moved on.

    Of course, the Friedmanites would point out that all that regulation didn’t keep the buses off the roads, either. Regulated industries tend to affect those regulations. I don’t like Friedmanites very much – too much negativity.

  • 2. Ruth  |  August 11th, 2008 at 12:16 pm

    Funny, that was a conversation and blog at the cab this a.m. It’s been the deregulation and decapitating of the regulatory system that the cabal started in the beginning.

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