Chapter
The Limitations of the Regulatory State
28:24 - 36:28 (08:03)
In an environment where Congress has neutered regulatory agencies, the Secretary of Transportation has limited power to hold companies accountable for their actions. Despite pressure to issue fines, the upcoming situation raises the question of whether the National Transportation Safety Board's recommendations will be accepted and regulatory action will be taken.
Clips
The Secretary of Transportation has the power to hold railroads accountable for their shortcomings, but the issue lies in the lobbying efforts of the railroads to deter regulations and their investments in archaic technology that is still being used today.
28:24 - 33:59 (05:34)
Summary
The Secretary of Transportation has the power to hold railroads accountable for their shortcomings, but the issue lies in the lobbying efforts of the railroads to deter regulations and their investments in archaic technology that is still being used today.
ChapterThe Limitations of the Regulatory State
EpisodeThe Ohio Train Disaster: A Tale of Corporate Greed and Civil War-Era Brakes
PodcastThe Problem With Jon Stewart
The job of regulating industries such as railways and ensuring that they follow safety laws lies with the Federal Railroad Administration and the Transportation Secretary.
33:59 - 36:28 (02:29)
Summary
The job of regulating industries such as railways and ensuring that they follow safety laws lies with the Federal Railroad Administration and the Transportation Secretary. It is crucial that they prioritize the safety of the public and the groundwater supply by implementing regulations and responding to recommendations from the National Transportation Safety Board.