Jeff Wise

No, but it's an example of the kind of decision making that accumulated causes people to die, people to die. There's this old saying that regulations are written in blood and it sounds kind of dramatic, but it's really true. And, you know, we've seen something recently that this from all reminds me of. which is that for years, decades, Boeing worked really hard to make really good safe aircraft.

No, but it's an example of the kind of decision making that accumulated causes people to die, people to die. There's this old saying that regulations are written in blood and it sounds kind of dramatic, but it's really true. And, you know, we've seen something recently that this from all reminds me of. which is that for years, decades, Boeing worked really hard to make really good safe aircraft.

And it costs them a lot of money. They paid a top dollar for their engineers and they kept people on and it was a real culture. And then some bean counters came in and this has been meticulously documented elsewhere, but they wanted to save money. They wanted to give more money. There's this kind of dogma.

And it costs them a lot of money. They paid a top dollar for their engineers and they kept people on and it was a real culture. And then some bean counters came in and this has been meticulously documented elsewhere, but they wanted to save money. They wanted to give more money. There's this kind of dogma.

in American business especially, but the whole culture really, which is that the shareholder value is the most important thing. Shareholder value means that the price of our stock is the only thing that actually matters. Everything else is secondary, including customer satisfaction, passenger safety, all that stuff.

in American business especially, but the whole culture really, which is that the shareholder value is the most important thing. Shareholder value means that the price of our stock is the only thing that actually matters. Everything else is secondary, including customer satisfaction, passenger safety, all that stuff.

um it's communist actually if you if you you know look go back to milton friedman in 1970 it's communist to be concerned about anything other than share price and what happens is you start you know boeing owned the aircraft manufacturing business they had to share it with airbus eventually but they had they had the goose that laid the golden egg they were safe they were safe

um it's communist actually if you if you you know look go back to milton friedman in 1970 it's communist to be concerned about anything other than share price and what happens is you start you know boeing owned the aircraft manufacturing business they had to share it with airbus eventually but they had they had the goose that laid the golden egg they were safe they were safe

They were known as safe, period. Yeah. And you start to trim a little bit here, cut a little bit there. You know, you move your work, you move, you outsource your production, you outsource your engineering and you lose track of what the hell's happening. And all of a sudden you've got windows flying out, doors flying out.

They were known as safe, period. Yeah. And you start to trim a little bit here, cut a little bit there. You know, you move your work, you move, you outsource your production, you outsource your engineering and you lose track of what the hell's happening. And all of a sudden you've got windows flying out, doors flying out.

And it's really hard to put the toothpaste back in the tube once you've gotten away from that culture. And these guys eventually lose their jobs, but they get millions of dollars payouts and everything, so they're fine.

And it's really hard to put the toothpaste back in the tube once you've gotten away from that culture. And these guys eventually lose their jobs, but they get millions of dollars payouts and everything, so they're fine.

Well, I got my pilot's license in 2002. And so I started to write about crashes. I wrote about the 2009 Air France 447. So about 20 years.

Well, I got my pilot's license in 2002. And so I started to write about crashes. I wrote about the 2009 Air France 447. So about 20 years.

You know, you can't explain it.

You know, you can't explain it.

Well, they say that if you see a cockroach, you don't have a cockroach. You have a thousand cockroaches. And again, we've seen we've seen near misses. You know, the warning signs have been there. And now we're finally the bill is coming due. And the entire says accidents don't happen just by bad luck. They're a result of systemic flaws. And so the system is flawed right now.

Well, they say that if you see a cockroach, you don't have a cockroach. You have a thousand cockroaches. And again, we've seen we've seen near misses. You know, the warning signs have been there. And now we're finally the bill is coming due. And the entire says accidents don't happen just by bad luck. They're a result of systemic flaws. And so the system is flawed right now.

And it takes money, I'm sorry, but if you want to get from A to B safely, you can do it cheaply and crazily and haphazardly, or you can spend the money that needs to be spent. Government is necessary here.

And it takes money, I'm sorry, but if you want to get from A to B safely, you can do it cheaply and crazily and haphazardly, or you can spend the money that needs to be spent. Government is necessary here.