Friday, July 18, 2008

Anther crane collapse?!

Four people are dead after a crane collapse in Houston.

What the heck is going on in the crane industry?

According to this article, there are few rules in place regulating the industry. In some states, crane operators don't need any special license at all.

So let's see what we have here. Free market companies build a product and aren't subject to regulation. That product is sold and used by businesses who have a) no way of knowing whether the crane's construction is sound, and b) no requirement to license the crane operators.

What is the result? Death.

Unregulated capitalism kills people. That's the bottom line.