When lobbyists, industry, and politicians think of regulations, they tend to think mostly about how to protect the established industry from startups. By adding sufficient red tape in places where it's not really required, they can effectively create moats for existing oligopolies.
This deregulation was thanks to lobbying, and strike breaking; _not_ regulation.
Hope this is clear, and not setting off your 'smug' trigger; because what I feel right now is fury, not smugness.
Amid the lobbying blitz against stronger transportation safety regulations, Norfolk Southern paid executives millions and spent billions on stock buybacks — all while the company shed thousands of employees despite warnings that understaffing is intensifying safety risks. Norfolk Southern officials also fought off a shareholder initiative that could have required company executives to “assess, review, and mitigate risks of hazardous material transportation.”
... the Obama administration in 2014 proposed improving safety regulations for trains carrying petroleum and other hazardous materials. However, after industry pressure, the final measure ended up narrowly focused on the transport of crude oil and exempting trains carrying many other combustible materials, including the chemical involved in this weekend’s disaster.
Then came 2017: After rail industry donors delivered more than $6 million to GOP campaigns, the Trump administration — backed by rail lobbyists and Senate Republicans — rescinded part of that rule aimed at making better braking systems widespread on the nation’s rails.
Specifically, regulators killed provisions requiring rail cars carrying hazardous flammable materials to be equipped with electronic braking systems to stop trains more quickly than conventional air brakes. Norfolk Southern had previously touted the new technology — known as Electronically Controlled Pneumatic (ECP) brakes — for its “potential to reduce train stopping distances by as much as 60 percent over conventional air brake systems.”
But the company’s lobby group nonetheless pressed for the rule’s repeal, telling regulators that it would “impose tremendous costs without providing offsetting safety benefits.”
That argument won out with Trump officials — and the Biden administration has not moved to reinstate the brake rule or expand the kinds of trains subjected to tougher safety regulations.
“Would ECP brakes have reduced the severity of this accident? Yes,” Steven Ditmeyer, a former senior official at the Federal Railroad Administration (FRA), told The Lever. “The railroads will test new features. But once they are told they have to do it… they don’t want to spend the money.”
Norfolk Southern did not answer questions about its efforts to weaken safety mandates. The company also did not answer questions about what kind of braking system was operating on the train that derailed in Ohio.
- from https://www.levernews.com/rail-companies-blocked-safety-rule...
Remember the hyper liberal president Joe Biden, you know the one the more right media claims to be completely communist. Yea, that one that stopped the railroad workers from striking due to bad work conditions.
And do you remember the railroad workers that want to strike because every factor around safety is being cut putting them in a dangerous work environment? Single engineers running trains? Inspection times being cut? The ones not allowed to take sick days?
Saying nobody is against regulation is a lie. The owners of these companies seeking as much profit as possible are a testament to that.