Hussra wrote:
Curious Hair wrote:
pittmike wrote:
I do not know who this person is but I couldn't agree more.
Some libertarian with a rich dad. She's usually eye-poppingly stupid.
this. yeah, i was surprised when she popped up on EconTalk. McCardle's more of a Stephen Glass staff reporter--sans Glass's genius for believable fictions--than a Thomas Sowell opinion-maker. But Russ Roberts, EconTalk host, has been working the anti-internet shame thing; and she crystallized the zeitgeist of it a bit in that bloomberg view piece.
the best of McGriddle:Quote:
People who died in the Grenfell fire might be alive today if regulators had required sprinkler systems. This does not play well for the Tories.
But before we start hanging them in effigy, there are a couple of things we should consider. The first is that, even if the regulation had passed, and required existing developers to retrofit sprinklers into older buildings, Grenfell Tower might not have gotten a sprinkler system before the fire occurred. Regulations are not implemented like instant coffee; they take time to formulate, and further time for businesses to comply. All the political will in the world cannot conjure up enough sprinkler systems, and sprinkler-system installers, to instantly transform a nation’s housing stock.
This, however, is only a quibble; even if Grenfell Tower could not have been saved, there are surely other buildings where fires will soon occur that would benefit from sprinklers. Must we wait for those deaths before we can say that his was a bad calculation?
Well, no. But we should wait until we can establish that it was actually a bad calculation.
It may sound heartless to discuss life-saving measures as a calculation. But the fact is that we all make these sorts of calculations every day, about ourselves and others. We just don’t like to admit that we’re doing it.
Consider the speed at which many of you drove to work this morning. I’m sure you’re all splendid, careful drivers. Nonetheless, when a vehicle is being piloted at 50 or 60 miles an hour, the margin of error for avoiding an accident is pretty small. To drive a car even at 5 miles per hour is to accept a small risk of killing oneself and others. To drive at 50 miles per hour is to accept a much higher risk of doing so. It’s a calculation: risk versus reward.
In the U.S., tens of thousands of people were killed in auto accidents last year. We could probably eliminate most of those deaths if we simply made sure that no one ever piloted their personal vehicle above some prudent speed -- say, 25 mph -- which would reduce both the likelihood of crashes occurring, and the damage any crashes would do.
Are you willing to make that trade-off? To avert 40,000 deaths a year, all you have to do is move closer to work, take public transportation (where available), or spend a lot more time in the car.
Americans have made that choice: Nope, not worth it. We are manifestly not willing to exchange personal convenience for lower auto fatalities. Nor, as far as I am aware, is anyone anywhere else. Government sets much higher speed limits -- speeds that are still quite deadly! -- and most drivers opt for even deadlier speeds. Every speeding driver knows, at some level, that what they’re doing is dangerous; they simply care more about what the boss will say when they’re late than they do about the increased risk of killing other people. (Pro tip: If you started late, just accept that you’re going to get there late.)
Now, I won’t defend the folks who go 90 in a 50 mph zone. But in less extreme cases, the broader calculation is probably correct. Auto accidents cost lives. But automobile transport has also saved a lot of lives, by enabling the economic growth that has made us richer and healthier. Slowing traffic down to a crawl would make a lot of that economic activity impossible, or at least, unprofitable. Very few people would like to lower a very small personal risk of death 1 by agreeing to live in the economic equivalent of 1900.
When the cost is as personal, as glaring and obvious, as restricting every car to a snail’s pace, we can see that not all safety trade-offs are worth it. However, when the cost seems to be borne by someone else, we suddenly become safety absolutists: no price is too great to pay.
Unfortunately, “other peoples’ money” has a way of ultimately coming out of our own pockets. If it costs more to build buildings, then rents will rise. People will be forced to live in smaller spaces, perhaps farther away. Some of them, in fact, may be forced to commute by automobile, and then die in a car accident. We don’t see those costs in the same way as we see a fire’s victims; we will never know the name of the guy who was killed in a car accident because he had to live far from work because rents rose because regulators required sprinkler systems.
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Molly Lambert wrote:
The future holds the possibility to be great or terrible, and since it has not yet occurred it remains simultaneously both.