If you have been reading the news lately, you would know the story about OceanGate submarine that failed and killed all people onboard. The cause of this tragic incident is that the creator of the submarine chose to ignore regulations. He believed that they are only in place to stifle innovation and that he knows better than the others and can't be wrong.
OceanGate CEO Stockton Rush said in 2021 he knew he'd 'broken some rules' by making the Titanic submersible out of carbon fiber and not pure metal: 'You're remembered for the rules you break'lThis should be a cautionary tale to people who dream about society without government and its regulations. Imagine if someone makes an "experimental and innovative" nuclear reactor that explodes and gives radiation sickness + cancer to hundreds of thousands. Or someone makes an "experimental and innovative" dam that collapses and floods houses. Invisible hand of the market won't be able to undo the damage or prevent it in the future from repeating again.
I still wonder what these billionaires thought when they boarded a submarine made of only carbon fiber and an Xbox controller. I mean, are they stupid enough to ride something even the quality of which is still doubted by many experts. even the funniest thing, they use an xbox controller which is only worth 30s USD, this is what I still can't understand.
it's no wonder that many people on social media laugh at them for being stupid enough to be able to dive to a depth of 3800 meters with a submarine made only of carbon fiber and an xbox controller, moreover they are billionaires who should be smart enough to see the situation.