Underwriter Certification is a market based regulatory system. It harnesses human nature, rather than pretending bureaucrats are self-sacrificing saints. It depends on competition to balance economics and harm, competition among vendors, competition among underwriters, and competition among Certification Societies. But it is not a free market system. Federal and local governments play critical roles in making the system work.
Well thought out. I like this positive approach better than just abolish the entire nuclear establishment, which is what I was reading into your previous articles. I finally see how it could work.
Well thought out. I like this positive approach better than just abolish the entire nuclear establishment, which is what I was reading into your previous articles. I finally see how it could work.