Saying it’s not your fault you crashed the ship into the rock
because the rock was underwater and hidden
‘Nobody could have seen it coming’
loses its force when you are navigating in waters that are known to be rocky
Even if you have the latest sonar based upon fancy, innovative math
that is supposed to detect the rock before you hit it
and even if regulators were supposed to clearly map and mark all danger
if you hit it anyway
there’s a reason why captains are expected to go down with
or at best be the last ones off – the ship
It ensures they’ll do all they can to avoid hitting it in the first place
The Professionals are not being Held Accountable
Mark Thoma
Economists View
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