Earlier quoted context omitted.
> This kind of system has consistent led to regulatory capture by the licensed industry. That is indeed the intention. To counteract the financial incentives of shareholders (which result in bridges collapsing or data breaches) with the financial and legal incentives of a special class of employees - licensed engineers. The reasons this works better than letting people sue after the accident has already happened [1]…
> To counteract the financial incentives of shareholders (which result in bridges collapsing or data breaches) with the financial and legal incentives of a special class of employees - licensed engineers. But now you have a special class of employees whose incentives are wrong in the opposite direction. They make decisions that are overly conservative, because they lose their license if the bridge collapses but by de…
This is not a bug. Having fewer bridges that don't collapse is better than having one fall over every day which is what's happening with data leaks now.